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123 S Lincoln Avenue

Fullerton, CA 92831
  • $5,350,000
  • STATUS: Active
  • ON SITE: 57 Days
  • MLS #: OC23143390
UPDATED: 24 min ago
$5,350,000
  • 0
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Na
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Christopher Pettit of Skyline Commercial Real Estate (949-688-6530)


Description

Turnkey cash-flowing apartments in a good location such as this are hard to find! All units have been recently renovated and rented at close to market rents, provided a stabilized product and enabling a new owner to enjoy the income with minimal maintenance.The Lincoln Apartments are located on a large piece of land, with ample parking and garages that could be converted to ADU's. This is a great property to own and enjoy increasing cash flow over time!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T18:37:03.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142079010
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123 S Lincoln Avenue Fullerton, CA 92831

  • Price: $5,350,000
  • Status: Active
  • On Site: 57 Days
  • Updated: 24 min ago
  • MLS #: OC23143390
0
Beds
0
Baths
0
½ Baths
0.49
Acres
1955
Built
Neighborhood:
Na
County:
Orange
Area:
83 - Fullerton
Property Description
Turnkey cash-flowing apartments in a good location such as this are hard to find! All units have been recently renovated and rented at close to market rents, provided a stabilized product and enabling a new owner to enjoy the income with minimal maintenance.The Lincoln Apartments are located on a large piece of land, with ample parking and garages that could be converted to ADU's. This is a great property to own and enjoy increasing cash flow over time!
Exterior Features

Entry Level 1 Entry Location Door Lot Features Back YardCul-De-SacLawnLandscaped Number Of Separate Electric Meters 12 Open Parking Spaces 14 Parking Total 26 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Appliances Gas RangeMicrowave Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest Community Apartment Community Features Sidewalks Electric Standard Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 318000 Gross Scheduled Income 318000 Insurance Expense 4937 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 206674 New Construction YN No Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Operating Expense 101786 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 59837 Tenant Pays ElectricityGas Trash Expense 1252 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3 Water Sewer Expense 7503 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T18:37:03.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Christopher Pettit of Skyline Commercial Real Estate (949-688-6530)