Listing Courtesy of: Michael Arp - DRE #Active - Morgan Skenderian
$1,395,000 Down payment assistance icon Calculate Payment

2547 E Park Lane Anaheim, CA 92806

Cluster Residence
Beds
Baths
4,634 Sq. Ft.
0.18 Acre Lot

Property Overview

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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 sq...uare 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. Continue reading
MLS#
PW21008145
Property Type
Cluster
Status
Active
Year Built
1969
Square Feet
4,634 sq. ft
Price per Sq. Ft.
$301.04
Lot Size
0.18
Stories
2
Sewer
Public Sewer

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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More
Listing Courtesy of: Michael Arp - DRE #Active - Morgan Skenderian
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, barbara.simmons@xome.com, 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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