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3147 W Lanerose Dr, Anaheim, CA 92804
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3147 W Lanerose Dr Anaheim, CA 92804

$2,020,000 Sold Price as of 04/06/2021
  • 12 Beds
  • 12 Baths
  • 5,290 Sq.Ft.
Sold
$2,020,000 Sold Price as of 04/06/2021 Refinance Your Mortgage
Map preview of 3147 W Lanerose Dr, Anaheim, CA 92804

Property Overview: 3147 W Lanerose Dr Anaheim, CA has 12 bedrooms, 12 bathrooms, 5,290 living square feet and 16,393 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Lanerose Drive Apartments is a six-unit apartment building located in the highly desirable City of Anaheim within the greater Orange County area. The subject property is located in a quiet residential community of predominantly single-family homes and provides easy access to freeways, retail, schools, entertainment, and employment. Built in 1970, the property offers an attractive unit mix solely comprised of two-bedroom/ two-bathroom units totaling 5,290 square feet, situated over a large 16,393 square foot lot. The subject property has gone through recent renovations of the interiors and exterior. Tenant amenities include ample on-site parking including enclosed garages, on-site laundry facility, patios, balconies, and a large private garden common area in rear of property. This offering represents a rare opportunity for an investor to achieve a 4.52% CAP Rate / 6.83% total return on a stable and well-located investment property in the solid rental market of West Anaheim, California.

Listed by Greg Bassirpou | BRE #01365951 | Marcus & Millichap RE Invest
Last checked: 4 minutes ago | Last updated: June 21st, 2023 | Source CRMLS | DOM: 149

Home details

Lot Sq. Ft
16,393
HOA Dues
$0/mo
Year built
1970
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC20192151
City
Anaheim
County
Orange
Time on Site
1324 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $10,692
  • Total Rent: $10,692
  • Pro Forma/Market Rent: $12,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.52%
  • Gross Rent Multiplier: 15.52
  • Gross Scheduled Income: $128,304
  • Net Operating Income: $92,337
  • Gross Operating Income: $131,784
  • Vacancy Allowance: $3,954
  • Laundry Income: $3,480
Annual Expense Breakdown
  • Total Operating Expense: $35,493
  • Gas/Fuel: $1,520
  • New Taxes: $23,373
  • Trash: $1,520
  • Insurance: $1,880
  • Professional Management: $0
  • Water/Sewer: $1,520

Property Details for 3147 W Lanerose Dr

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: Landscaped, Near Public Transit, Yard
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 07957122
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Please do not disturb tenants. Make all offers subject to inspection.
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Anaheim Agent

Sale History for 3147 W Lanerose Dr

Last leased for $2,500 on June 20th, 2023

  • June, 2023

  • Jun 20, 2023

    Date

    Leased

    CRMLS: PW23107426

    $2,500

    Price

  • Jun 16, 2023

    Date

    Active

    CRMLS: PW23107426

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Nice and cozy unit #C with 2 bedroom and 2 bathroom apartment in the quiet area in Anaheim near the city of Buena Park and Cypress. New SPC flooring and fresh paint, and downstairs unit with a large backyard style patio. Come and check it out!

  • April, 2021

  • Apr 7, 2021

    Date

    Sold

    CRMLS: OC20192151

    $2,020,000

    Price

  • Feb 11, 2021

    Date

    Pending

    CRMLS: OC20192151

    $2,045,000

    Price

  • Jan 27, 2021

    Date

    Price Change

    CRMLS: OC20192151

    $2,045,000

    Price

  • Sep 15, 2020

    Date

    Active

    CRMLS: OC20192151

    $2,050,000

    Price

  • June, 2019

  • Jun 17, 2019

    Date

    Sold

    CRMLS: OC19019407

    $1,685,000

    Price

  • May 14, 2019

    Date

    Pending

    CRMLS: OC19019407

    $1,780,000

    Price

  • Apr 18, 2019

    Date

    Active Under Contract

    CRMLS: OC19019407

    $1,780,000

    Price

  • Mar 11, 2019

    Date

    Price Change

    CRMLS: OC19019407

    $1,780,000

    Price

  • Jan 25, 2019

    Date

    Active

    CRMLS: OC19019407

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

    3147 West Lanerose Drive is a 6-unit multifamily investment opportunity located in a predominately single-family residential neighborhood in West Anaheim, California. The 5,291 square foot property consists entirely of two-bedroom/two-bath units featuring spacious patios. Built in 1970, the property offers amenities including open parking, garage parking, and on-site laundry. The owner recently renovated Unit B which was then rented for $1,800. When fully stabilized the property will boast a 5.41 percent CAP Rate. 3147 West Lanerose Drive is less than two miles from Adventure City, West Anaheim Medical Center, Cypress College and Knott’s Berry Farm.

  • June, 2019

  • Jun 14, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,685,000

    Price

  • June, 2015

  • Jun 3, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3147 W Lanerose Dr

Assessed Value (2020): $1,341,538
Year Land Value Improved Value Assessed Value
2020 $1,032,984 $308,554 $1,341,538

Home Value Compared to the Market

This property vs the competition

3147 W Lanerose Dr sold on April 6, 2021 for 132.39% 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 $386.58 per/sqft which puts the price per square foot 28.68% lower than the current median sale per square foot for the city of Anaheim.

About 3147 W Lanerose Dr

Detailed summary of property

3147 W Lanerose Dr is a multi family that recently sold in Anaheim, CA 92804. This multi family property offered 12 bedrooms, 12 bathrooms, roughly 5,290 living square feet, and sits on an approximately 16,393 square foot lot. 3147 W Lanerose Dr was first listed on ArdentRealEstateGroup.com on September 15, 2020. The homeowner sold the property for $2,020,000. 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 132.39% higher than the current median priced home. Local homes that are currently for sale include 310 E Wakefield Ave, 709 E Santa Fe Ave and 12310 La Pomelo Rd. While the average home in Anaheim, CA is selling in 44 days, 3147 W Lanerose Dr has a days on market of 149 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 3147 W Lanerose Dr Anaheim, CA 92804 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 3147 W Lanerose Dr

Public county record property details
Beds
--
Baths
--
Year built
1970
Sq. Ft.
5,290
Lot Size
16,393
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
079-571-22

The source for these homes facts are from public records.

92804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$860,000
Median List Price/Sq.Ft.
$558
Median Sold Price
$900,000
Median Sold Price/Sq.Ft.
$545
Total Inventory
59
Median Sale to List Price %
100.11%
Avg Days on Market
30
Loan Type
Conventional (60%), FHA (4%), VA (0%), Cash (24%), Other (8%)

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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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