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909 S Lemon St, Anaheim, CA 92805
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909 S Lemon St Anaheim, CA 92805

$1,930,000 Sold Price as of 10/09/2020
  • 9 Beds
  • 7 Baths
  • 4,410 Sq.Ft.
Sold
$1,930,000 Sold Price as of 10/09/2020 Refinance Your Mortgage
Map preview of 909 S Lemon St, Anaheim, CA 92805

Property Overview: 909 S Lemon St Anaheim, CA has 9 bedrooms, 7 bathrooms, 4,410 living square feet and 14,553 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer 909 S. Lemon Street, a beautifully & thoroughly remodeled 7-unit apartment investment located in an “Opportunity Zone”. 909 S. Lemon Street has seen approximately $200,000 infused into renovations and upgrades which are highlighted below. These high-end finishes and quality improvements make this building one of the nicest and most upgraded properties currently available on the market, prime for the investor looking to produce immediate cash flow with minimal efforts. The fresh curb appeal from the new landscaping and its ideal proximity (approximately 1 mile) to Disneyland, Anaheim Convention Center, Downtown Disney as well as Downtown Anaheim, Anaheim Packing District and Anaheim Colony Historic District, makes attracting high-quality tenants at maximum rents a very simple task. This is an excellent investment opportunity to own a beautifully remodeled, single-story apartment complex in one of the strongest rental markets in the county. *5% CAP on Current Rents, *100% Rent Collections Since Start of COVID Pandemic, *Potential Financing Available with 30% Down Payment

Listed by Rick Applebaum | BRE #01273871 | Morgan Skenderian
Co-listed by Paul Espinosa | BRE #01942627 | Morgan Skenderian
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 74

Home details

Lot Sq. Ft
14,553
HOA Dues
$0/mo
Year built
1953
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20113637
City
Anaheim
County
Orange
Time on Site
1385 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,525
  • Total Rent: $3,100
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,725
  • Total Rent: $3,450
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 14.37
  • Gross Scheduled Income: $137,400
  • Net Operating Income: $98,157
  • Gross Operating Income: $133,278
  • Vacancy Allowance: $4,122
  • Other Income Description: Parking Income
Annual Expense Breakdown
  • Total Operating Expense: $35,121
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $22,215
  • Trash: $0
  • Gardener: $960
  • Insurance: $2,261
  • Maintenance: $6,300
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $1,828
  • Other Expense Description: Utility

Property Details for 909 S Lemon St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 14
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 25105119
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: East of S. Harbor Blvd & North of W. Ball Road
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Anaheim Agent

Sale History for 909 S Lemon St

Last sold for $1,930,000 on October 9th, 2020

  • October, 2020

  • Oct 9, 2020

    Date

    Sold

    CRMLS: PW20113637

    $1,930,000

    Price

  • Aug 25, 2020

    Date

    Pending

    CRMLS: PW20113637

    $1,975,000

    Price

  • Jun 12, 2020

    Date

    Active

    CRMLS: PW20113637

    $1,975,000

    Price

  • June, 2020

  • Jun 6, 2020

    Date

    Leased

    CRMLS: OC20095335

    $1,550

    Price

  • Jun 1, 2020

    Date

    Active

    CRMLS: OC20095335

    $1,550

    Price

  • Listing provided courtesy of CRMLS

    Recently Renovated! Spacious one bedroom / one bathroom apartment, located on Lemon Street, Anaheim, close to Disneyland and Downtown Anaheim. The apartment is a single-story, duplex unit and features newer kitchen cabinets with granite countertops and newer stainless steel gas range appliance, newer flooring, newer renovated bathroom with tiled surround, newer windows, newer paint, newer wall heater, individual water heater. The home features a wall AC in the living room, ceiling fans, lots of storage in walk-in closet, recessed lighting, off street assigned parking (one additional garage is also available for rent for parking or storage).

  • October, 2019

  • Oct 27, 2019

    Date

    Expired

    CRMLS: PW19111493

    $2,050,000

    Price

  • Oct 16, 2019

    Date

    Withdrawn

    CRMLS: PW19111493

    $2,050,000

    Price

  • Jul 15, 2019

    Date

    Price Change

    CRMLS: PW19111493

    $2,050,000

    Price

  • May 14, 2019

    Date

    Active

    CRMLS: PW19111493

    $2,075,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 909 S. Lemon Street, a beautifully & thoroughly remodeled 7-unit apartment investment located in an “Opportunity Zone”. 909 S. Lemon Street has seen approximately $200,000 infused into renovations and upgrades which are highlighted below. These high-end finishes and quality improvements make this building one of the nicest and most upgraded properties currently available on the market, prime for the investor looking to produce immediate cash flow with minimal efforts. The fresh curb appeal from the new landscaping and its ideal proximity (approximately 1 mile) to Disneyland, Anaheim Convention Center, Downtown Disney as well as Downtown Anaheim, Anaheim Packing District and Anaheim Colony Historic District, makes attracting high-quality tenants at maximum rents a very simple task. This is an excellent investment opportunity to own a beautifully remodeled, single story apartment complex in one of the strongest rental markets in the county. *Opportunity Zone Investment, *Exterior Renovations Including Windows, Paint, Landscaping, Plumbing, Etc., *Highly Upgraded Interiors w/New Flooring, Kitchens, and Bathrooms, *Majority Single Story Units, *Exceptional Rental Location, *Less than 1-Mile to Disneyland, Anaheim Packing District, Restaurants and Retail, *Private Patios, *2:1 Parking Ratio

  • August, 2019

  • Aug 14, 2019

    Date

    Leased

    CRMLS: OC19175212

    $1,500

    Price

  • Jul 23, 2019

    Date

    Active

    CRMLS: OC19175212

    $1,500

    Price

  • Listing provided courtesy of CRMLS

    Spacious one bedroom - one bathroom apartment, located on S. Lemon Street, Anaheim, close to Disneyland and Downtown Anaheim. The apartment is a single-story, duplex unit and features newer kitchen cabinets, granite countertop, newer stainless steel stove, newer flooring, newer bathroom, newer paint, newer windows. Off street assigned parking with one car space included in rent.

  • April, 2019

  • Apr 2, 2019

    Date

    Leased

    CRMLS: OC19061107

    $1,625

    Price

  • Mar 19, 2019

    Date

    Active

    CRMLS: OC19061107

    $1,550

    Price

  • Listing provided courtesy of CRMLS

    Newly Renovated! Spacious one bedroom / one bathroom apartment, located on Lemon Street, Anaheim, close to Disneyland and Downtown Anaheim. The apartment is a single-story, duplex unit and features newer kitchen cabinets with granite countertops and stainless steel stove appliance, newer flooring, newer bathroom, newer windows, newer paint, newer wall heater, individual water heater. The home features new wall AC in the living room, ceiling fans, recessed lighting, off street assigned parking with one car space included in rent (one additional garage is also available). Lots of storage and walk in closet.

  • October, 2018

  • Oct 16, 2018

    Date

    Leased

    CRMLS: OC18240845

    $1,400

    Price

  • Oct 3, 2018

    Date

    Active

    CRMLS: OC18240845

    $1,500

    Price

  • Listing provided courtesy of CRMLS

    Spacious one bedroom / one bathroom apartment, located on Lemon Street, Anaheim, close to Disneyland and Downtown Anaheim. The apartment is a single-story, duplex unit and features newer kitchen cabinets, granite countertop, newer stove, newer flooring, newer bathroom, newer paint. Off street assigned parking with one car space included in rent (additional assigned parking spaces or garages available for rent). No Pets, No Smoking, 12 month lease.

  • July, 2018

  • Jul 23, 2018

    Date

    Sold

    CRMLS: DW18115014

    $1,375,000

    Price

  • Jun 25, 2018

    Date

    Active Under Contract

    CRMLS: DW18115014

    $1,375,000

    Price

  • Jun 18, 2018

    Date

    Active

    CRMLS: DW18115014

    $1,375,000

    Price

  • Jun 6, 2018

    Date

    Pending

    CRMLS: DW18115014

    $1,375,000

    Price

  • May 16, 2018

    Date

    Active

    CRMLS: DW18115014

    $1,375,000

    Price

  • Listing provided courtesy of CRMLS

    Located within walking distance of Disneyland and some of Anaheims best restaurants, these 7 bread and butter units are a great buy at the listed price. The unit breakdown is 5x1 bedroom units and 2x2 bedroom units all located on a huge 14,553 square foot lot. Their is plenty of room for rent increase if the units were remodeled. The property consists of 4 buildings total. The front two buildings both have 1 bedroom units, the middle building has a 1 bedroom unit and a 2 bedroom unit. The unit above the garage is a 2 bedroom unit. Their are 3 single garages and several parking spaces available or assigned to the tenants.

  • July, 2018

  • Jul 20, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,375,000

    Price

  • September, 1997

  • Sep 5, 1997

    Date

    Sold (Public Records)

    Public Records

    $270,000

    Price

Show More

Tax History for 909 S Lemon St

Assessed Value (2020): $1,369,863
Year Land Value Improved Value Assessed Value
2020 $1,000,000 $369,863 $1,369,863

Home Value Compared to the Market

This property vs the competition

909 S Lemon St sold on October 9, 2020 for 129.65% 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 $447.85 per/sqft which puts the price per square foot 16.45% lower than the current median sale per square foot for the city of Anaheim.

About 909 S Lemon St

Detailed summary of property

909 S Lemon St is a multi family that recently sold in Anaheim, CA 92805. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 4,410 living square feet, and sits on an approximately 14,553 square foot lot. 909 S Lemon St was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $1,930,000. 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 129.65% higher than the current median priced home. Local homes that are currently for sale include 16591 E Buena Vista Ave, 402 W Fairway Dr and 2624 Milton Ave. While the average home in Anaheim, CA is selling in 45 days, 909 S Lemon St has a days on market of 74 days. There are currently 223 homes for sale in the Anaheim real estate market and 124 of them are single family homes while 69 of them are condos and 30 are townhomes. For more information on this home for sale at 909 S Lemon St Anaheim, CA 92805 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 909 S Lemon St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
14,551
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
27
APN
251-051-19

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
$810,000
Median List Price/Sq.Ft.
$548
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$510
Total Inventory
65
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.

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