$1,395,000 Calculate Payment
2547 E Park Lane Anaheim, CA 92806
4,634 Sq. Ft.
0.18 Acre Lot
Time on Site
Days on Market
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
4,634 sq. ft
Price per Sq. Ft.
Yes - 5 spaces
Detailed Room Information
Hookups in Laundry Room
Exterior / Lot Features
5 Garage Spaces. 7 Parking Spaces.
Additional Exterior/Lot Features
Income / Expense:
$96,300 Income, $28,399 Expense
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