1510 E Canfield Ln, Anaheim, CA 92805
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1510 E Canfield Ln Anaheim, CA 92805

$5,400,000 Sold Price as of 07/31/2020
  • 33 Beds
  • 25 Baths
  • 18,335 Sq.Ft.
Sold
$5,400,000 Sold Price as of 07/31/2020 Refinance Your Mortgage

Map preview of 1510 E Canfield Ln, Anaheim, CA 92805

Property Overview: 1510 E Canfield Ln Anaheim, CA has 33 bedrooms, 25 bathrooms, 18,335 living square feet and 15,681 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This beautifully renovated twenty-unit multifamily property is located near the Fullerton border and the Downtown area in Anaheim. The asset offers a nice mix of one and two-bedroom units and is located on a large lot with very nice curb appeal. The two-story building is well maintained and has beautifully landscaped grounds with flowers, plants and clean-cut grass. The complex is garden style with a pool located in the center for residents to enjoy. There is also garage and open lot parking available for tenants, which is a nice amenity in the densely populated city. A laundry facility on-site is provided for the residents as well. The Canfield Lane Apartment unit amenities comprise of air conditioning, spacious floor plans, and upgraded kitchens which include new granite counter tops, sinks, faucets, vinyl flooring, and new custom paint. Exterior renovations include new garage doors, windows, metal fencing, water heaters, and asphalt grounds. The complex also has a newly upgraded courtyard with a wooden patio and concrete work. This property is located on the border of Fullerton in a good Anaheim location right near major retail, educational, and employment opportunities. The property is conveniently located less than a mile from the CA-91 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community in a premier location within the city.

Listed by Mark Bridge | BRE #01316702 | Mark Bridge, Broker
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 183

Home details

Lot Sq. Ft
15,681
HOA Dues
$0/mo
Year built
1970
Garage
20 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC20020254
City
Anaheim
County
Orange
Time on Site
1397 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
  • # of Leased Units: 20
  • # of Electric Meters: 21
  • # of Gas Meters: 21
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $10,150
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 4
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $10,500
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,775
  • Total Rent: $1,775
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 6
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $5,550
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $405,300
  • Net Operating Income: $269,247
  • Gross Operating Income: $393,141
  • Vacancy Allowance: $12,159
  • Gross Spendable Income: $269,247
  • Laundry Income: $4,200
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $128,094
  • Electric: $2,562
  • Gas/Fuel: $3,600
  • New Taxes: $61,044
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $5,500
  • Maintenance: $10,000
  • Professional Management: $28,111
  • Water/Sewer: $7,673

Property Details for 1510 E Canfield Ln

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Common Area
Room Information
  • Flooring: Vinyl
Kitchen Information
  • Has Appliances
  • Barbecue, Water Heater
Interior Features
  • Ceiling Fan(s), Granite Counters, Storage
  • Levels: Two
  • Window Features: Screens
Exterior Features
Exterior Information
  • Has Fence
  • Excellent Condition, New Condition
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 20
  • # of Parking Spaces: 30
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 16-20 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 20
  • Parcel Number: 07356347
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: N/A
  • Directions: North CA-91 Freeway, Right Orangethorpe, right on Canfield
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

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Sale History for 1510 E Canfield Ln

Last sold for $5,400,000 on July 31st, 2020
  • August, 2020

  • Aug 1, 2020

    Date

    Sold

    CRMLS: OC20020254

    $5,400,000

    Price

  • May 16, 2020

    Date

    Price Change

    CRMLS: OC20020254

    $5,550,000

    Price

  • Feb 28, 2020

    Date

    Price Change

    CRMLS: OC20020254

    $5,700,000

    Price

  • Jan 30, 2020

    Date

    Active

    CRMLS: OC20020254

    $5,850,000

    Price

  • March, 2018

  • Mar 16, 2018

    Date

    Sold (Public Records)

    Public Records

    $4,350,000

    Price

  • August, 2015

  • Aug 28, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1510 E Canfield Ln

Assessed Value (2020): $2,850,769
Year Land Value Improved Value Assessed Value
2020 $2,223,600 $627,169 $2,850,769

Home Value Compared to the Market

This property vs the competition

1510 E Canfield Ln sold on July 31, 2020 for 530.68% higher than the current median sold price for the city of Anaheim which is $880,000. The median sold price per/sqft for Anaheim is $542 and this home is sold at $302.7 per/sqft which puts the price per square foot 44.15% lower than the current median sale per square foot for the city of Anaheim.

About 1510 E Canfield Ln

Detailed summary of property

1510 E Canfield Ln is a multi family that recently sold in Anaheim, CA 92805. This multi family property offered 33 bedrooms, 25 bathrooms, roughly 18,335 living square feet, and sits on an approximately 15,681 square foot lot. 1510 E Canfield Ln was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $5,400,000. Home in Anaheim are selling for a median price of $880,000 and a median price per square foot of $542. Based on Ardent Real Estate Group's Anaheim Market Data, this home is sold 530.68% higher than the current median priced home. Local homes that are currently for sale include 916 W Balboa Blvd, 916 W Balboa Blvd and 5571 E Seaside. While the average home in Anaheim, CA is selling in 44 days, 1510 E Canfield Ln has a days on market of 183 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 1510 E Canfield Ln Anaheim, CA 92805 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 1510 E Canfield Ln

Public county record property details
Beds
--
Baths
--
Year built
1969
Sq. Ft.
17,292
Lot Size
15,247
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
10
APN
073-563-47

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.