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Pending
1221 E Lincoln Avenue Anaheim, CA 92805
$9,300,000

Property listed by Olympia Capital Corporation, Steven Jones. IDX Contact: 714-944-0700

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  • David Oronoz

    David Oronoz

    Principal | Multifamily Investments

    DRE# 01838862

  • Bobby Aschtiani

    Bobby Aschtiani

    Principal | Multifamily Investments

    DRE# 02048373

  • Chris Pettit

    Chris Pettit

    Founder

    DRE# 01983950

Property Description

Dory Apartments is a newly constructed 21-unit apartment community, well located in the heart of Anaheim, California. Completion of construction and issuance of the Certificate Of Occupancy is anticipated in the first quarter of 2022. The property is available for purchase either upon project completion or upon lease-up with stabilized occupancy. All market rate rental apartments with no affordable covenants or restrictions 33,382 building square feet situated upon a 24,339 square foot parcel, including: (1) 473sf studio unit, (2) 746sf one bedroom units, and (18) 957-1027sf two bedroom units. Features and amenities: open and spacious floor plans, covered parking, private balconies, central air conditioning & heating, tankless water heaters, gas ovens and ranges included, dishwashers included, washer & dryer hook ups in each unit. Close to the 57 and 91 Freeways, local entertainment, and amusement parks, such as Disneyland, Disney’s California Adventure, Angel Stadium, the Honda Center, and stunning California beaches nearby. Some of the best shopping can also be found at the Anaheim GardenWalk and Downtown Disney which are also just a few minutes away, along with some of the area’s best food and nightlife venues like the Anaheim Packing House and Center Street Promenade.

Property Details & Features

Property Type

  • Residential Income

Year Built

  • 2022

House

  • Built in 2022
  • New construction
  • 33382 total building sqft
  • 2+ Common Walls

Community

  • Curbs
  • Gutter(s)
  • Sidewalks
  • Urban

Expenses

  • Electric Expense: $4,800
  • Fuel Expense: $1,200
  • Insurance Expense: $8,000
  • Operating Expense: $188,544
  • Water Sewer Expense: $12,000

Garage

  • 43 garage spaces

Income

  • Gross Income: 624090
  • Gross Scheduled Income: 624090
  • Net Operating Income: 435546

Laundry

  • Washer Hookup
  • Gas Dryer Hookup

Listing

  • Listing ID: PW22009201
  • 19 days on market
  • Listed on 2022-01-16

Location

  • County: Orange
  • Subdivision: Other (OTHR)

Lot

  • 25265 sqft
  • 0.58 acres
  • Area: 25265
  • 36-40 Units/Acre

Parking

  • 43 total parking spaces
  • Assigned
  • Covered
  • Garage

Property

  • Single building
  • 21 units
  • Property attached

Sewer

  • Public Sewer

Tenant Pays

  • All Utilities

Utilities

  • 20 separate electric meters
  • 20 separate gas meters
  • 20 separate water meters

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