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2520 E Park Ln
Anaheim, CA 92806
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 8,234 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1993/2019 |
| Building Class | C | Parking Ratio | 2.19/1,000 SF |
| Lot Size | 0.28 AC | ||
| Zoning | R3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 8,234 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1993/2019 |
| Parking Ratio | 2.19/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Fireplace
- Heating
- Vaulted Ceiling
- Walk-In Closets
SITE AMENITIES
- Laundry Facilities
ABOUT 2520 E PARK LN , ANAHEIM, CA 92806
Built in 1993, this pride of ownership property features (1) one bedroom/one bath unit, and (7) two bedroom/one- and three-quarter bath units, ranging in size from 1,000 square feet to 1,370 square feet. Some of the building’s amenities include an onsite laundry facility, central heat & A/C, balconies, storage lockers, fireplaces (3 units) and vaulted ceilings. There is also a secured parking garage with 18 parking spaces, for a more than 2:1 parking ratio. This is an extremely rare and valuable property characteristic for retaining long term tenancy. This property is also individually metered for gas & electricity, and the units have their own water heaters translating to reduced utility costs for the owner. The combination of exceptionally large units, attractive real estate and ample parking presents the investor the opportunity to increase rents by an estimated 20% without the need for substantial capital improvements. This investment opportunity is also located within an "Opportunity Zone" offering a new Buyer the potential to take advantage of special tax programs along with the benefits of being in a gentrifying location. The subject property is situated close to the 91 and 57 Freeways, and is located south of Orangethorpe Avenue and east of Placentia Avenue.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,200 | 560 |
| 2+2 | 7 | $1,538 | 1,000 - 1,370 |
PROPERTY TAXES
| Parcel Number | 344-043-03 | Improvements Assessment | $847,574 |
| Land Assessment | $1,859,198 | Total Assessment | $2,706,772 |
PROPERTY TAXES
