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2041 S Sprague Ln, Anaheim, CA 92802
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2041 S Sprague Ln Anaheim, CA 92802

$1,600,000 Sold Price as of 03/25/2024
  • 8 Beds
  • 7 Baths
  • 3,844 Sq.Ft.
Sold
$1,600,000 Sold Price as of 03/25/2024 Refinance Your Mortgage
Map preview of 2041 S Sprague Ln, Anaheim, CA 92802

Property Overview: 2041 S Sprague Ln Anaheim, CA has 8 bedrooms, 7 bathrooms, 3,844 living square feet and 10,019 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent Investment/Development Opportunity with Many Options for Huge Gains on this property w/Oversized Lot! Planning Department Pre-Approved! Being Sold w/ Ready-to-Issue (RTI) from Planning Departments (in process) to Develop two (2), 800 sf 2 Bed/2Bath ADU’s, 12 New Parking (6 Garages / 6 carports), four (4) Storage units (income), & Laundry Room (income)!! This garden-style two-story walk-up 4-plex consists of 4 units, all units - 2 bed / 2 bath, w/big front patios, six (6) - 1-car garages located on a Huge Lot at the end of the Cul-De-Sac! Has an onsite laundry room w/Brand New (owner owned) coin-op machines w/great revenue! All units are occupied w/great Long Term Tenants w/significant upside in rents for the future! Following Renovations were done July 2023, New ridge caps on roof, New Water Heaters, exterior paint, metal rails/fencing painted, 2 brand new coin-operated washer & dryer, concrete repair/surfacing on stairs & patios, & landscape. This lot is Zoned for 7 units! or outfitted for two (2) 800 sq ft ADU’s. Being sold with permits to build two (2) ADU's and six (6) new garages. Near Disneyland Park, Angel Stadium, Anaheim Convention Center, the Platinum Triangle, Honda Center, and the future site of OC VIBE! making this a Very In-Demand Rental Market Now and in the Future! The property is also conveniently located Near CA-5 & CA-22, & CA-57

Listed by Johnny Moreno | BRE #01900446 | Realty Pro 100
Co-listed by Gene Tsair | BRE #01843673 | Realty Pro 100
Last checked: 8 minutes ago | Last updated: March 28th, 2024 | Source CRMLS | DOM: 121

Home details

Lot Sq. Ft
10,019
HOA Dues
$0/mo
Year built
1963
Garage
5 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW23197727
City
Anaheim
County
Orange
Time on Site
190 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,615
  • Total Rent: $1,615
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,615
  • Total Rent: $1,615
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # 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: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $84,060
  • Net Operating Income: $45,785
  • Gross Operating Income: $81,628
  • Laundry Income: $3,000
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $35,842
  • Electric: $333
  • Gas/Fuel: $442
  • New Taxes: $21,104
  • Trash: $0
  • Gardener: $1,440
  • Insurance: $4,000
  • Water/Sewer: $4,323
  • Other Expenses: $4,200
  • Other Expense Description: Misc.

Property Details for 2041 S Sprague Ln

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Dryer Included, Individual Room, Washer Included
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range, Gas Cooktop, Water Heater
Interior Features
  • Balcony
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage, Garage Faces Rear
Lot Information
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac, Front Yard, Sprinkler System, Sprinklers Timer
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 13734326
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is 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
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Anaheim Resort
  • Directions: On Orangewood Avenue going west pass the 5 Fwy and turn right on Sprague Lane/On Orangewood Avenue going east pass Harbor Blvd and turn left on Sprague Lane.
Neighborhood Information
  • Community Features: Dog Park, Park, Sidewalks
View more facts & features

Local Anaheim Agent

Sale History for 2041 S Sprague Ln

Last sold for $1,600,000 on March 25th, 2024

  • March, 2024

  • Mar 25, 2024

    Date

    Sold

    CRMLS: PW23197727

    $1,600,000

    Price

  • Oct 25, 2023

    Date

    Active

    CRMLS: PW23197727

    $1,675,000

    Price

  • May, 2023

  • May 3, 2023

    Date

    Sold

    CRMLS: PW23028127

    $1,350,000

    Price

  • Feb 17, 2023

    Date

    Active

    CRMLS: PW23028127

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Investment Opportunity with 4 units, all units are 2 bedrooms with 2 bathrooms, 5 single car garages located on a large lot near shopping, schools, parks, and freeway access. The downstairs units have patios while the upstairs units have balconies. There is an onsite laundry room. All units are occupied. The property needs TLC with deferred maintenance that's reflected in the Sale Price and has tremendous potential.

  • October, 1992

  • Oct 1, 1992

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2041 S Sprague Ln

Assessed Value (2020): $146,175
Year Land Value Improved Value Assessed Value
2020 $35,082 $111,093 $146,175

Home Value Compared to the Market

This property vs the competition

2041 S Sprague Ln sold on March 25, 2024 for 90.34% 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 $435.74 per/sqft which puts the price per square foot 19.6% lower than the current median sale per square foot for the city of Anaheim.

About 2041 S Sprague Ln

Detailed summary of property

2041 S Sprague Ln is a fourplex that recently sold in Anaheim, CA 92802. This fourplex offered 8 bedrooms, 7 bathrooms, roughly 3,844 living square feet, and sits on an approximately 10,019 square foot lot. 2041 S Sprague Ln was first listed on ArdentRealEstateGroup.com on October 26, 2023. The homeowner sold the property for $1,600,000. 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 90.34% higher than the current median priced home. Local homes that are currently for sale include 1818 W Glenoaks Ave, 1008 S Highland Ave and 8860 Tina Way. While the average home in Anaheim, CA is selling in 44 days, 2041 S Sprague Ln has a days on market of 121 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 2041 S Sprague Ln Anaheim, CA 92802 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 2041 S Sprague Ln

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
3,844
Lot Size
9,771
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
15
APN
137-343-26

The source for these homes facts are from public records.

92802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$979,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$785,000
Median Sold Price/Sq.Ft.
$496
Total Inventory
26
Median Sale to List Price %
100%
Avg Days on Market
16
Loan Type
Conventional (40%), FHA (0%), VA (20%), Cash (10%), Other (30%)

Thinking of Selling?

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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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