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1318 N Fashion Ln, Anaheim, CA 92806
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1318 N Fashion Ln Anaheim, CA 92806

$1,380,000 Sold Price as of 08/03/2022
  • 8 Beds
  • 8 Baths
  • 4,100 Sq.Ft.
Sold
$1,380,000 Sold Price as of 08/03/2022 Refinance Your Mortgage
Map preview of 1318 N Fashion Ln, Anaheim, CA 92806

Property Overview: 1318 N Fashion Ln Anaheim, CA has 8 bedrooms, 8 bathrooms, 4,100 living square feet and 9,583 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4 plex in Anaheim. Conveniently located and has great potential. currently all units are occupied and rents are current. The building needs little updating but the bones are great. Rents are below market but it has great potential to increase the rent. All units are 2 bedrooms and 2 bath. Huge patio for all units. Easy to maintain and manage. Potential rent can be $105,600 per year (6.57%) once all the rents are at current market value. There are detached 5 car garage. Manager has sent out a rent increase notice and new rent will be $75,960 (per year) starting september 1.

Listed by Alexis Kim | BRE #01377398 | Coldwell Banker Exclusive
Last checked: 14 minutes ago | Last updated: August 26th, 2023 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
9,583
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22171951
City
Anaheim
County
Orange
Time on Site
663 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,460
  • Total Rent: $1,325
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,460
  • Total Rent: $1,325
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,510
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 3.67
  • Gross Scheduled Income: --
  • Net Operating Income: $52,497
  • Gross Operating Income: $75,960
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1318 N Fashion Ln

Interior Features
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Carpet, Laminate, Tile
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Oven, Range
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 34429147
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Miraloma and 57 FWY
View more facts & features

Local Anaheim Agent

Sale History for 1318 N Fashion Ln

Last sold for $1,380,000 on August 3rd, 2022

  • August, 2022

  • Aug 3, 2022

    Date

    Sold

    CRMLS: 22171951

    $1,380,000

    Price

  • Jun 24, 2022

    Date

    Active

    CRMLS: 22171951

    $1,375,000

    Price

  • November, 2018

  • Nov 14, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2018

  • Nov 14, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1318 N Fashion Ln

Assessed Value (2020): $918,000
Year Land Value Improved Value Assessed Value
2020 $779,134 $138,866 $918,000

Home Value Compared to the Market

This property vs the competition

1318 N Fashion Ln sold on August 3, 2022 for 59.88% higher than the current median sold price for the city of Anaheim which is $860,000. The median sold price per/sqft for Anaheim is $536 and this home is sold at $335.37 per/sqft which puts the price per square foot 37.43% lower than the current median sale per square foot for the city of Anaheim.

About 1318 N Fashion Ln

Detailed summary of property

1318 N Fashion Ln is a multi family that recently sold in Anaheim, CA 92806. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,100 living square feet, and sits on an approximately 9,583 square foot lot. 1318 N Fashion Ln was first listed on ArdentRealEstateGroup.com on June 25, 2022. The homeowner sold the property for $1,380,000. Home in Anaheim are selling for a median price of $860,000 and a median price per square foot of $536. Based on Ardent Real Estate Group's Anaheim Market Data, this home is sold 59.88% higher than the current median priced home. Local homes that are currently for sale include 1600 Picadilly Way, 8860 Tina Way and 6591 Indiana Ave. While the average home in Anaheim, CA is selling in 45 days, 1318 N Fashion Ln has a days on market of 15 days. There are currently 223 homes for sale in the Anaheim real estate market and 124 of them are single family homes while 69 of them are condos and 30 are townhomes. For more information on this home for sale at 1318 N Fashion Ln Anaheim, CA 92806 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 1318 N Fashion Ln

Public county record property details
Beds
--
Baths
--
Year built
1965
Sq. Ft.
3,821
Lot Size
9,147
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
15
APN
344-291-47

The source for these homes facts are from public records.

92806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$888,000
Median List Price/Sq.Ft.
$506
Median Sold Price
$951,000
Median Sold Price/Sq.Ft.
$521
Total Inventory
15
Median Sale to List Price %
105.67%
Avg Days on Market
9
Loan Type
Conventional (72.73%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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