1401 E Lincoln Ave, Anaheim, CA 92805
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1401 E Lincoln Ave Anaheim, CA 92805

$1,800,000
  • 9 Beds
  • 5 Baths
  • 3,794 Sq.Ft.
For Sale
$1,800,000 Get Pre-Qualified

Map preview of 1401 E Lincoln Ave, Anaheim, CA 92805

Property Overview: 1401 E Lincoln Ave Anaheim, CA has 9 bedrooms, 5 bathrooms, 3,794 living square feet and 6,969 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 1401 East Lincoln Avenue is a 4-unit multifamily investment property located in Anaheim, California. The property offers a highly desirable mix consisting of 3, two-bedroom units and 1, three-bedroom townhome unit. Amenities at 1401 East Lincoln Avenue include ample garage and surface parking, an on-site laundry facility, and private patios or balconies. 1401 East Lincoln Avenue benefits from its optimal Anaheim location, situated just under 1 mile from a plethora of unique shops, restaurants, and attractions in Downtown Anaheim. The property is also approximately 1 mile from the Anaheim Packing District, a modern market and food hall featuring more than 30 shops and restaurants. The property is situated within a 3-mile radius of Orange County landmarks including Disneyland, the Anaheim Convention Center, and California State University, Fullerton. Furthermore, the property provides residents with convenient access to State Routes 57 and 91, Interstate 5, and the Anaheim Regional Transportation Intermodal Center (ARTIC), connecting residents to employment hubs throughout Southern California.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 13 minutes ago | Last updated: March 13th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
6,969
HOA Dues
$0/mo
Year built
1977
Garage
6 Car
Property Type:
Apartment
Status
Active
MLS#
OC24050231
City
Anaheim
County
Orange
Time on Site
49 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,435
  • Total Rent: $6,435
  • Pro Forma/Market Rent: $7,485
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,598
  • Total Rent: $2,598
  • Pro Forma/Market Rent: $3,095
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.12%
  • Gross Rent Multiplier: 16.07
  • Gross Scheduled Income: $108,396
  • Net Operating Income: $74,111
  • Gross Operating Income: $105,144
  • Vacancy Allowance: $3,252
  • Other Income 1: $3,600
  • Other Income Description: Misc
Annual Expense Breakdown
  • Total Operating Expense: $34,633
  • Electric: $1,330
  • Gas/Fuel: $1,330
  • New Taxes: $19,777
  • Trash: $1,330
  • Insurance: $2,400
  • Maintenance: $2,800
  • Water/Sewer: $1,331
  • Other Expenses: $4,335
  • Other Expense Description: Misc

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Property Details for 1401 E Lincoln Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 03535049
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets of Lincoln Avenue & North East Street
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
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Sale History for 1401 E Lincoln Ave

Last sold for $1,250,000 on July 7th, 2017
  • March, 2024

  • Mar 12, 2024

    Date

    Active

    CRMLS: OC24050231

    $1,800,000

    Price

  • December, 2023

  • Dec 26, 2023

    Date

    Canceled

    CRMLS: SR23131841

    $1,997,000

    Price

  • Jul 18, 2023

    Date

    Active

    CRMLS: SR23131841

    $1,997,000

    Price

  • Listing provided courtesy of CRMLS

    Four Units Investment property, laundry room on-site and equipment is owned for an extra income, Three of the units features 2 bedrooms and 1 bath, and one of the units is a 3 Bedrooms and 2 Bath, car garage for each of the units, accessible to the freeways. Drive by only don't disturb tenants.

  • July, 2017

  • Jul 7, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

  • August, 2015

  • Aug 31, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1401 E Lincoln Ave

Assessed Value (2020): $1,267,020
Year Land Value Improved Value Assessed Value
2020 $1,051,627 $215,393 $1,267,020

Home Value Compared to the Market

This property vs the competition

1401 E Lincoln Ave is listed 109.3% higher than the median list price for the city of Anaheim which has a median list price of $860,000. The median price per/sqft for Anaheim is $559 and this home is listed at $474.43 per/sqft which puts the price per square foot 15.13% lower than the median price per square foot for the city of Anaheim.

About 1401 E Lincoln Ave

Detailed summary of property

1401 E Lincoln Ave is a apartment located in Anaheim, CA 92805 and is currently for sale. This apartment offers 9 bedrooms, 5 bathrooms, roughly 3,794 living square feet, and sits on an approximately 6,969 square foot lot. 1401 E Lincoln Ave was first listed on ArdentRealEstateGroup.com on March 12, 2024. The homeowner is currently asking $1,800,000. The median priced home in Anaheim is $860,000 with a median price per square foot of $559. Based on Ardent Real Estate Group's Anaheim Market Data, this home is listed 109.3% higher than the median priced home. Local competing homes currently for sale include 310 E Wakefield Ave, 2066 S Haster St and 1818 W Glenoaks Ave. While the average home in Anaheim, CA is selling in 44 days, 1401 E Lincoln Ave has a days on market of 39 days. There are currently 220 homes for sale in the Anaheim real estate market and 133 of them are single family homes while 62 of them are condos and 25 are townhomes. For more information on this home for sale at 1401 E Lincoln Ave Anaheim, CA 92805 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 1401 E Lincoln Ave

Public county record property details
Beds
--
Baths
--
Year built
1977
Sq. Ft.
3,794
Lot Size
7,072
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
035-350-49

The source for these homes facts are from public records.

92805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$800,000
Median List Price/Sq.Ft.
$565
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$510
Total Inventory
58
Median Sale to List Price %
100%
Avg Days on Market
32
Loan Type
Conventional (36.84%), FHA (10.53%), VA (0%), Cash (42.11%), Other (5.26%)

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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.