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Multifamily

1401 E Lincoln Ave

1401 E Lincoln Ave, Anaheim, CA 92805

Listing Price: $1,800,000

Cap Rate
4.12%
Number of Units
4
GRM
16.61
Price/Unit
$450,000
Price/Gross SF
$474.43
Gross SF
3,794

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1401 East Lincoln Avenue, 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.

The Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97 percent (Q4 2023) and average effective rent increase of 12.5 percent (2022 year-over-year), demonstrating the strong demand for rental housing. Anaheim’s central location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets.

Given the strength of the overall apartment market within the city of Anaheim, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 1401 East Lincoln Avenue.

Investment Highlights

  • Features an Attractive Mix of Two & Three-Bedroom Floor Plans
  • The Three-Bedroom Unit Features Townhome Construction
  • Large Front Yard, Private Patios, & Private Balconies
  • Fireplace (Select Unit) & an On-Site Laundry Facility
  • Ample Garage & Surface Parking: 8 Total Parking Spaces
  • Attractive Anaheim Location, Just East of Downtown Anaheim & the Anaheim Packing District, a Popular Market & Food Hall
  • Within Walking Distance to Everyday Needs at Anaheim Town Square, a Neighborhood Retail Center Anchored by Target & Northgate Market
  • 2 Miles from Disneyland, the Premier Employer Within Anaheim with Over 34,000 Employees

Exclusively Listed By

Financing By

Multifamily

1401 E Lincoln Ave

Listing Price: $1,800,000

Cap Rate
4.12%
Number of Units
4
GRM
16.61
Price/Unit
$450,000
Price/Gross SF
$474.43
Gross SF
3,794

Investment Highlights

  • Features an Attractive Mix of Two & Three-Bedroom Floor Plans
  • The Three-Bedroom Unit Features Townhome Construction
  • Large Front Yard, Private Patios, & Private Balconies
  • Fireplace (Select Unit) & an On-Site Laundry Facility
  • Ample Garage & Surface Parking: 8 Total Parking Spaces
  • Attractive Anaheim Location, Just East of Downtown Anaheim & the Anaheim Packing District, a Popular Market & Food Hall
  • Within Walking Distance to Everyday Needs at Anaheim Town Square, a Neighborhood Retail Center Anchored by Target & Northgate Market
  • 2 Miles from Disneyland, the Premier Employer Within Anaheim with Over 34,000 Employees

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1401 East Lincoln Avenue, 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. The Anaheim submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97 percent (Q4 2023) and average effective rent increase of 12.5 percent (2022 year-over-year), demonstrating the strong demand for rental housing. Anaheim’s central location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market within the city of Anaheim, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 1401 East Lincoln Avenue.

Exclusively Listed By

Financing By

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