Property Detail

Description

1716 - 1722 East Lincoln Avenue is an 8-unit multifamily investment property located in Anaheim, California. Built in 1954, the property consists of 8 single-story one-bed/one-bath units totaling approximately 4,028 net rentable square feet on a 0.38-acre parcel. The single-story configuration offers residents convenient ground-level living without upstairs neighbors, providing greater privacy and everyday comfort while broadening the property’s appeal to prospective tenants. Ownership invested approximately $345,000 in extensive property-wide renovations in 2026, transforming all 8 residences with modernized kitchens and bathrooms, contemporary flooring and finishes, and in-unit laundry. Improvements extend beyond the interiors and include new electrical subpanels and window air-conditioning units, fresh exterior paint and restriped parking areas. These upgrades position the property as a turnkey investment without the immediate need for extensive renovations. Another notable feature is the property’s generous parking supply, with 15 surface spaces serving just 8 residences. Each unit includes one assigned parking space, while the remaining 7 are available for separate lease to tenants requiring additional parking. This arrangement provides residents with convenient on-site parking while offering ownership a source of supplemental rental income. Beyond the completed renovations, ownership has advanced plans for 4 proposed two-bed/two-bath accessory dwelling units (ADUs), each measuring approximately 707 square feet. Approximately $45,000 has been invested in architectural, engineering, survey and related predevelopment work, with plans currently being revised following the City’s initial review. Subject to remaining approvals and construction, the proposed ADUs could expand the property from 8 to 12 units and introduce larger two-bedroom residences. Together, the completed renovations, generous parking supply and potential ADU expansion position 1716 - 1722 East Lincoln Avenue as an attractive turnkey investment with additional upside in Anaheim.