Listing ID: PW22009201
Price: $9,300,000
Price/SqFt: $278.59
Status: Pending
Address: 1221 E Lincoln Avenue
City: Anaheim
State: California
Postal Code: 92805
SqFt: 33,382
Acres: 0.580
County: Orange
Subdivision: Other (OTHR)
Anaheim
CA
92805
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.

Primary Features

County: Orange
Price/SqFt: 278.59
Property Type: Residential Income
Subdivision: Other (OTHR)
Year Built: 2022

Interior

Average 1 Bed Area: 746
Average 1 Bed Area Units: Square Feet
Average 2 Bed Area: 980
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area: 473
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Garage Spaces: 43
Laundry: yes
Laundry Features: Gas Dryer Hookup, Washer Hookup

External

Lot Features: 36-40 Units/Acre
Lot Size Area: 25265
Lot Size Source: Assessor
Lot Size Square Feet: 25265
Number Of Buildings: 1
Parking: yes
Parking Features: Assigned, Covered, Garage
Parking Total: 43
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 78 - Anaheim East of Harbor
Subdivision Name Other: Dory Apartments

Additional

Additional Parcels: no
Community Features: Curbs, Gutters, Sidewalks, Urban
Days On Market: 19
List Agent State License: 01153594
List Office State License: 01841959
Lot Size Units: Square Feet
New Construction: yes
Number Of Separate Electric Meters: 20
Number Of Separate Gas Meters: 20
Number Of Separate Water Meters: 20
Number Of Units Total: 21
Parcel Number: 03535051
Senior Community: no
Year Built Source: Builder

Financial

Cap Rate: 4.68
Electric Expense: 4800
Fuel Expense: 1200
Gross Multiplier: 14.9
Gross Operating Income: 624090
Gross Scheduled Income: 624090
Insurance Expense: 8000
Land Lease: no
Net Operating Income: 435546
Operating Expense: 188544
Price Per Unit: 442857
Professional Management Expense: 28204
Rent Control: no
Special Listing Conditions: Standard
Tax Census Tract: 864.05
Tax Lot: 1
Tenant Pays: All Utilities
Total Expenses: 188544
Trash Expense: 12000
Water Sewer Expense: 12000

Zoning Info


Area Info


© 2022. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Friday, May 20th, 2022.

Based on information from CARETS as of Friday, May 20th, 2022 07:29:51 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Listing Agent: Steven Jones, DRE #01153594 from Olympia Capital Corporation 714-944-0700
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Listing Agent: Steven Jones, DRE #01153594 from Olympia Capital Corporation 714-944-0700
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Listing Agent: Steven Jones, DRE #01153594 from Olympia Capital Corporation 714-944-0700

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