1401 East Lincoln Avenue

Anaheim, CA 92805

$1,800,000
Price
5
Beds
5
Baths
3,794 Sq. Ft.
$474 / Sq. Ft.
3,794
Sq. Ft.
$474
per Sq. Ft.

Description

1401 East Lincoln Avenue is a 4-unit multifamily investment property located in Anaheim, California. The property offers a highly desirable mix consisting of 3, two-bedroom units and 1, three-bedroom townhome unit. Amenities at 1401 East Lincoln Avenue include ample garage and surface parking, an on-site laundry facility, and private patios or balconies. 1401 East Lincoln Avenue benefits from its optimal Anaheim location, situated just under 1 mile from a plethora of unique shops, restaurants, and...1401 East Lincoln Avenue is a 4-unit multifamily investment property located in Anaheim, California. The property offers a highly desirable mix consisting of 3, two-bedroom units and 1, three-bedroom townhome unit. Amenities at 1401 East Lincoln Avenue include ample garage and surface parking, an on-site laundry facility, and private patios or balconies. 1401 East Lincoln Avenue benefits from its optimal Anaheim location, situated just under 1 mile from a plethora of unique shops, restaurants, and attractions in Downtown Anaheim. The property is also approximately 1 mile from the Anaheim Packing District, a modern market and food hall featuring more than 30 shops and restaurants. The property is situated within a 3-mile radius of Orange County landmarks including Disneyland, the Anaheim Convention Center, and California State University, Fullerton. Furthermore, the property provides residents with convenient access to State Routes 57 and 91, Interstate 5, and the Anaheim Regional Transportation Intermodal Center (ARTIC), connecting residents to employment hubs throughout Southern California.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • 714-713-9086

Property Details for 1401 East Lincoln Avenue

Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3794
Assessor Parcel Number
035-350-49
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551
Add your commute
LISTING UPDATED: 03/12/2024 07:58 AM

Property Details for 1401 East Lincoln Avenue

StatusActive
MLS #OC24050231
Days on Market49
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1977
CountyOrange County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551
Add your commute

Building Information for 1401 East Lincoln Avenue

Building/Complex1401 E Lincoln AveFloor-Stories2Residences-Pet Policy-Year Built1977Building Size-

Payment Calculator

$11,161 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$1,338

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1401 East Lincoln Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $111,996
  • Gross Scheduled Income: $108,396
  • Vacancy Allowance: 3252
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $105,144
  • Net Operating Income: $74,111
  • Other Income Description: Misc
  • Other Income 1: $3,600
  • Gross Multiplier: 16.07
  • Cap Rate: 4.12
Expense Details
  • Operating Expense: $34,633
  • Operating Expense Percent: 31.80%
  • New Taxes Expense: $19,777
  • Fuel Expense: $1,330
  • Electric Expense: $1,330
  • Insurance Expense: $2,400
  • Maintenance Expense: $2,800
  • Other Expense: $4,335
  • Other Expense Description: Misc
  • Trash Expense: $1,330
  • Water Sewer Expense: $1,331
  • Total Expenses: $34,633
Tax / Assessment Info
  • Tax Tract Number: 086405
  • Tax Census Tract: 864.05
  • CFD/Mello-Roos Fee: $1,035
  • Tax Lot: 1,2
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $6,435
  • Unit Type Total Rent: $6,435
  • Unit Type Pro Forma: 7485
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,598
  • Unit Type Total Rent: $2,598
  • Unit Type Pro Forma: 3095
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1401 East Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1401 East Lincoln Avenue

Taxable ValueLand$1,127,557Additions$239,500Total$1,367,057
Tax Record2023$16,056 ($1,338 / month)
Home Facts
Total Finished SqFt3,794 SqFtAbove Grade Finished SqFt3,794 SqFtStories2Lot Size6,985 SqFtStyleQuadraplexYear Built1977CountyORANGEAPN035-350-49

Schools near 1401 East Lincoln Avenue

This home is within Anaheim Union High School District.
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1401 East Lincoln Avenue is a multi-family home for sale in Anaheim, CA 92805. This property was listed for sale on March 12, 2024 by Marcus & Millichap RE Invest, it's currently listed at $1,800,000. It has been on the market for a total of 49 days and was last sold on May 28, 2017. This listing's school districts are Anaheim Union High School District, Anaheim Elementary School District. Nearby schools include Lincoln (Abraham) Elementary School, Sycamore Junior High School and Anaheim High School. 1401 East Lincoln Avenue is a 5-bed, 5-bath, 3,794 sqft multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

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.