1221 East Lincoln Avenue
1221 East Lincoln Avenue
Closed 6/17/22
Closed 6/17/22
Description
33,382 building square feet situated upon a 24,339 square foot parcel, including:...Dory Apartments is a newly constructed 21-unit apartment community, well located in the heart of Anaheim, California. Completion of construction and issuance of the Certificate Of Occupancy is anticipated in the first quarter of 2022. The property is available for purchase either upon project completion or upon lease-up with stabilized occupancy. All market rate rental apartments with no affordable covenants or restrictions
33,382 building square feet situated upon a 24,339 square foot parcel, including: (1) 473sf studio unit, (2) 746sf one bedroom units, and (18) 957-1027sf two bedroom units. Features and amenities: open and spacious floor plans, covered parking, private balconies, central air conditioning & heating, tankless water heaters, gas ovens and ranges included, dishwashers included, washer & dryer hook ups in each unit. Close to the 57 and 91 Freeways, local entertainment, and amusement parks, such as Disneyland, Disney's California Adventure, Angel Stadium, the Honda Center, and stunning California beaches nearby. Some of the best shopping can also be found at the Anaheim GardenWalk and Downtown Disney which are also just a few minutes away, along with some of the area’s best food and nightlife venues like the Anaheim Packing House and Center Street Promenade.
- Listed by Steven Jones • DRE #01153594 • Brokerage DRE #01841959 • Olympia Capital Corporation
Property Details for 1221 East Lincoln Avenue
Location
Sold By Olympia Capital Corporation, Steven Jones, DRE #01153594
Property Details for 1221 East Lincoln Avenue
| Status | Closed |
|---|---|
| MLS # | PW22009201 |
| Days on Market | 19 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2022 |
| Lot Size | 0.58 AC / 25,265 SF |
| County | Orange County |
Location
Sold By Olympia Capital Corporation, Steven Jones, DRE #01153594
Building Information for 1221 East Lincoln Avenue
Payment Calculator
$61,116 per month
30 year fixed, 7.25% Interest
$51,845
$9,271
$0
Property Information for 1221 East Lincoln Avenue
- Tenant Pays: All Utilities
- Gross Income: $624,090
- Gross Scheduled Income: $624,090
- Vacancy Allowance: 0
- Gross Operating Income: $624,090
- Net Operating Income: $435,546
- Gross Multiplier: 14.9
- Cap Rate: 4.68
- Financing: Cash
- Operating Expense: $188,544
- Fuel Expense: $1,200
- Electric Expense: $4,800
- Insurance Expense: $8,000
- Professional Management Expense: $28,204
- Trash Expense: $12,000
- Water Sewer Expense: $12,000
- Total Expenses: $188,544
- Tax Tract Number: 0
- Tax Census Tract: 864.05
- CFD/Mello-Roos Fee: $25
- Tax Lot: 1
- Community Features: Curbs, Gutters, Sidewalks, Urban
- Laundry: Yes
- Laundry Features: Gas Dryer Hookup, Washer Hookup
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 36-40 Units/Acre
- Number Of Units: 21
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 43
- Parking: Yes
- Parking Garage: Assigned, Garage
- Parking Garage Spaces: 43
- Carport Spaces: 0
- Parking Features: Assigned, Covered, Garage
- Builders Tract Name: Other
- Builders Tract Code: Other (OTHR)
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 1695
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2045
- Unit Type Type: 2
- Unit Type Units Total: 8
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2330
- Unit Type Type: 3
- Unit Type Units Total: 4
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2370
- Unit Type Type: 4
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2425
- Unit Type Type: 5
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2395
- Unit Type Type: 6
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2475
- Unit Type Type: 7
- Number Of Units Leased: 0
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 20
- Number Of Separate Gas Meters: 20
- Number Of Separate Water Meters: 20
Property History for 1221 East Lincoln Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1221 East Lincoln Avenue
Schools near 1221 East Lincoln Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 6 |
Rating | School | Distance |
|---|---|---|
Lincoln (Abraham) Elementary School PublicK to 6 | ||
Sycamore Junior High School Public7 to 8 | ||
Anaheim High School Public9 to 12 | ||
Vibrant Minds Charter CharterK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Olympia Capital Corporation, Steven Jones, DRE #01153594
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.