2547 East Park Lane
2547 East Park Lane
$1,325,000
9
7
4,634
4,634
$286
Closed 3/31/21
Description
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....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 • DRE #01488586 • Brokerage DRE #01220368 • Morgan Skenderian
Property Details for 2547 East Park Lane
Parking Spaces Total
7
Private PoolNo
Cooling TypeWall/Window
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4634
Assessor Parcel Number344-021-01
Location
LISTING UPDATED: 04/01/2021 01:35 AM
Property Details for 2547 East Park Lane
Status | Closed |
---|---|
MLS # | PW21008145 |
Days on Market | 49 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1969 |
Lot Size | 0.18 AC / 7,841 SF |
County | Orange County |
Location
Building Information for 2547 East Park Lane
Stories2Residences-Year Built1969Building Size-Lot Size0.18 AC / 7,841 SF
Payment Calculator
$8,538 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2547 East Park Lane
Property History for 2547 East Park Lane
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2547 East Park Lane
Taxable ValueLand$1,177,950Additions$200,580Total$1,378,530
Tax Record2023$15,689 ($1,307 / month)
Home Facts
Total Finished SqFt4,634 SqFtAbove Grade Finished SqFt4,634 SqFtStories2Lot Size7,922 SqFtStyleQuadraplexYear Built1969CountyORANGEAPN344-021-01
Schools near 2547 East Park Lane
This home is within Placentia-Yorba Linda Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Rio Vista Elementary School PublicK to 5 | ||
Valadez Middle School Academy Public6 to 8 | ||
Valencia High School Public9 to 12 | ||
El Camino Real Continuation High School Public9 to 12 |
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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