Search
2547 E Park Ln, Anaheim, CA 92806
View Photos

2547 E Park Ln Anaheim, CA 92806

$1,325,000 Sold Price as of 03/31/2021
  • 9 Beds
  • 7 Baths
  • 4,634 Sq.Ft.
Sold
$1,325,000 Sold Price as of 03/31/2021 Refinance Your Mortgage
Map preview of 2547 E Park Ln, Anaheim, CA 92806

Property Overview: 2547 E Park Ln Anaheim, CA has 9 bedrooms, 7 bathrooms, 4,634 living square feet and 7,841 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time on the market in over 20 years. The Park Lane 4-plex is a large Covington built 4-plex located in Northeast Anaheim; bordering Placentia. The building will provide an immediate return as current rents are just under $8,000 a month totaling over $95,000 a year. The structure is 4,634 square feet and features large 2 and 3 bedroom apartments. All units have patios/balconies, wall A/C units, central heat, tile flooring and have updated kitchen cabinets, stone countertops and bathroom vanities. Tenants enjoy enclosed garage parking and have access to an onsite laundry facility, which provides additional income to the owner. Operating costs at the building are minimal as tenants pay their own gas, electric and cable. The Park Lane apartments boast a current cap rate of 4.6% and with interest rates at all time lows, the investment will provide an immediate cash flow.

Listed by Michael Arp | BRE #01488586 | Morgan Skenderian
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 49

Home details

Lot Sq. Ft
7,841
HOA Dues
$0/mo
Year built
1969
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21008145
City
Anaheim
County
Orange
Time on Site
1192 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.7%
  • Gross Rent Multiplier: 14.49
  • Gross Scheduled Income: $96,300
  • Net Operating Income: $65,048
  • Gross Operating Income: $93,447
  • Vacancy Allowance: $2,853
  • Laundry Income: $100
Annual Expense Breakdown
  • Total Operating Expense: $28,399
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $15,286
  • Trash: $0
  • Gardener: $900
  • Insurance: $1,622
  • Water/Sewer: $0
  • Other Expenses: $4,440
  • Other Expense Description: Utility

Property Details for 2547 E Park Ln

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • 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: 7
  • Has Parking
  • Parking Features: Garage Faces Rear
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 34402101
  • Year Built Source: Assessor
  • 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
  • Directions: East of Placentia Avenue
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Anaheim Agent

Sale History for 2547 E Park Ln

Last sold for $1,325,000 on March 31st, 2021

  • April, 2021

  • Apr 1, 2021

    Date

    Sold

    CRMLS: PW21008145

    $1,325,000

    Price

  • Mar 17, 2021

    Date

    Pending

    CRMLS: PW21008145

    $1,395,000

    Price

  • Mar 4, 2021

    Date

    Active Under Contract

    CRMLS: PW21008145

    $1,395,000

    Price

  • Jan 14, 2021

    Date

    Active

    CRMLS: PW21008145

    $1,395,000

    Price

  • Jan 13, 2021

    Date

    Coming Soon

    CRMLS: PW21008145

    $1,395,000

    Price

  • April, 1999

  • Apr 22, 1999

    Date

    Sold (Public Records)

    Public Records

    $20,000

    Price

Show More

Tax History for 2547 E Park Ln

Assessed Value (2020): $457,128
Year Land Value Improved Value Assessed Value
2020 $251,113 $206,015 $457,128

Home Value Compared to the Market

This property vs the competition

2547 E Park Ln sold on March 31, 2021 for 62.21% 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 $301.04 per/sqft which puts the price per square foot 43.84% lower than the current median sale per square foot for the city of Anaheim.

About 2547 E Park Ln

Detailed summary of property

2547 E Park Ln is a multi family that recently sold in Anaheim, CA 92806. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 4,634 living square feet, and sits on an approximately 7,841 square foot lot. 2547 E Park Ln was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,325,000. 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 62.21% higher than the current median priced home. Local homes that are currently for sale include 7122 Natal Dr, 7122 Natal Dr and 17150 San Mateo St. While the average home in Anaheim, CA is selling in 42 days, 2547 E Park Ln has a days on market of 49 days. There are currently 235 homes for sale in the Anaheim real estate market and 138 of them are single family homes while 67 of them are condos and 30 are townhomes. For more information on this home for sale at 2547 E Park 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 2547 E Park Ln

Public county record property details
Beds
--
Baths
--
Year built
1969
Sq. Ft.
4,634
Lot Size
7,813
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
10
APN
344-021-01

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
$895,000
Median List Price/Sq.Ft.
$501
Median Sold Price
$951,000
Median Sold Price/Sq.Ft.
$521
Total Inventory
18
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?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 2547 E Park Ln

Nearby Homes for Sale

471 E Broadway, Anaheim, CA 92805
$1,465,000
6 Beds
6 Baths
3009 Sq.Ft.
471 E Broadway
Anaheim, CA 92805
825 S Claudina St, Anaheim, CA 92805
$1,350,000
7 Beds
4 Baths
2636 Sq.Ft.
825 S Claudina St
Anaheim, CA 92805
403 N N Harbor Blvd, Anaheim, CA 92805
$1,469,000
5 Beds
5 Baths
2820 Sq.Ft.
403 N N Harbor Blvd
Anaheim, CA 92805
607 N Harbor Blvd, Fullerton, CA 92832
$1,199,990
5 Beds
3 Baths
2187 Sq.Ft.
607 N Harbor Blvd
Fullerton, CA 92832
1818 W Glenoaks Ave, Anaheim, CA 92801
$1,499,900
8 Beds
4 Baths
3827 Sq.Ft.
1818 W Glenoaks Ave
Anaheim, CA 92801
915 W Maple Ave, Orange, CA 92868
$1,399,000
4 Beds
2 Baths
1773 Sq.Ft.
915 W Maple Ave
Orange, CA 92868
705 E Walnut Ave, Orange, CA 92867
$1,300,000
4 Beds
1 Baths
1888 Sq.Ft.
705 E Walnut Ave
Orange, CA 92867
1600 Picadilly Way, Fullerton, CA 92833
$1,488,000
8 Beds
4 Baths
0 Sq.Ft.
1600 Picadilly Way
Fullerton, CA 92833
233 S Esplanade St, Orange, CA 92869
$1,329,990
6 Beds
4 Baths
2832 Sq.Ft.
233 S Esplanade St
Orange, CA 92869
8860 Tina Way, Anaheim, CA 92804
$1,550,000
8 Beds
4 Baths
3600 Sq.Ft.
8860 Tina Way
Anaheim, CA 92804
6052 Homewood Ave, Buena Park, CA 90621
$1,499,000
8 Beds
2 Baths
1937 Sq.Ft.
6052 Homewood Ave
Buena Park, CA 90621
6052 Homewood Ave, Buena Park, CA 90621
$1,499,000
8 Beds
6 Baths
1937 Sq.Ft.
6052 Homewood Ave
Buena Park, CA 90621

Recently Sold Homes Near 2547 E Park Ln

2521 E Terrace St, Anaheim, CA 92806
$978,000 Last Sold Price
6 Beds
6 Baths
3004 Sq.Ft.
2521 E Terrace St
Anaheim, CA 92806
2543 E Park Ln, Anaheim, CA 92806
$908,460 Last Sold Price
7 Beds
6 Baths
3330 Sq.Ft.
2543 E Park Ln
Anaheim, CA 92806
2520 E Park Ln, Anaheim, CA 92806
$2,475,000 Last Sold Price
15 Beds
15 Baths
8234 Sq.Ft.
2520 E Park Ln
Anaheim, CA 92806
2546 E Park Ln, Anaheim, CA 92806
$1,265,000 Last Sold Price
9 Beds
7 Baths
4634 Sq.Ft.
2546 E Park Ln
Anaheim, CA 92806

Related Resources to 2547 E Park Ln

New Listings in 92806
Popular Zip Codes
Popular Cities
Other Anaheim Resources

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.

Refi Quote