123 South Lincoln Avenue

Fullerton, CA 92831

$4,900,000
Price
2
Beds
12
Baths
9,873 Sq. Ft.
$496 / Sq. Ft.
9,873
Sq. Ft.
$496
per Sq. Ft.

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!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!
  1. Listed by Christopher Pettit • DRE #01983950 • Brokerage DRE #02014153 • Skyline Commercial Real Estate • 626-664-9863

Property Details for 123 South Lincoln Avenue

Parking Spaces Total
26
Private Pool
No
Cooling Type
N/K
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9873
Assessor Parcel Number
033-183-29
LISTING UPDATED: 09/26/2024 04:37 AM

Property Details for 123 South Lincoln Avenue

StatusActive
MLS #OC24200228
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
CountyOrange County

Building Information for 123 South Lincoln Avenue

Building/Complex123 S Lincoln AveFloor-Stories2Residences-Pet Policy-Year Built1955Building Size-

Property Information for 123 South Lincoln Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $318,000
  • Gross Scheduled Income: $318,000
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $206,674
Expense Details
  • Operating Expense: $101,786
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $4,937
  • Professional Management Expense: $12,338
  • Trash Expense: $1,252
  • Water Sewer Expense: $7,503
  • Total Expenses: $101,786
Tax / Assessment Info
  • Tax Rate: 1.07
  • Tax Annual Amount: $59,837
  • Tax Tract Number: 6
  • Tax Census Tract: 114.03
  • CFD/Mello-Roos Fee: $3,002
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Microwave
  • Equipment: Gas Dryer Hookup, Microwave, Washer Hookup
  • Interior Features: Ceiling Fan(s)
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: door
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Additional Parcels Description: 03318328
  • Lot Features: Back Yard, Cul-De-Sac, Landscaped, Lawn
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 12
  • Uncovered Spaces: 14
  • Open Other Spaces Total: 14
  • Parking Garage Spaces: 12
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $26,400
  • Unit Type Pro Forma: 2393
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1

Property History for 123 South Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 123 South Lincoln Avenue

Taxable ValueLand$1,810,500Additions$204,000Total$2,014,500
Tax Record2024$23,089 ($1,924 / month)
Home Facts
Total Finished SqFt5,386 SqFtAbove Grade Finished SqFt5,386 SqFtStories2Lot Size9,219 SqFtStyleMulti-Family Res (5+ Units)Year Built1955CountyORANGEAPN033-183-29

Schools near 123 South Lincoln Avenue

This home is within Fullerton Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Raymond Elementary School
PublicK to 6

Ladera Vista Junior High School
Public7 to 8

Fullerton Union High School
Public9 to 12

La Vista High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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123 South Lincoln Avenue is a multi-family home for sale in Fullerton, CA 92831. This property was listed for sale on September 26, 2024 by Skyline Commercial Real Estate, it's currently listed at $4,900,000. This listing's school districts are Fullerton Joint Union High School District, Fullerton Elementary School District. Nearby schools include Raymond Elementary School, Ladera Vista Junior High School and Fullerton Union High School. 123 South Lincoln Avenue is a 2-bed, 12-bath, 9,873 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skyline Commercial Real Estate, Christopher Pettit, DRE #01983950

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.