Homes for sale - 1122 E Lincoln AVE #213, Orange, CA 92865

$475,000

$495,000 4.0%

Est. payment - /mo

1.31 Acres Lot

UPDATED:

Key Details

Sold Price $475,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID HD24083205

Sold Date 08/05/24

HOA Y/N No

Year Built 1984

Annual Tax Amount $3,577

Tax Year 2023

Lot Size 1.310 Acres

Property Sub-Type Office

Property Description

FOR SALE. An excellent investment, income-producing opportunity with great return. Rare opportunity to purchase a professional office condo, occupied, within the 40+ commercial condominium building known as the Lincoln Professional Center in Orange, CA. The building is beautifully maintained, right off the I-91 & I-55 freeway interchange with several levels, elevators and garden-style construction and architecture. The Class B building was built in 1984 with ample parking, over 40 condos of mixed uses comprising of medical and professional services, all professionally managed. Nearby retail, residential and other professional services.
Condo #213 is ±1,161 square feet, located on the second floor on the outside level with 2 private offices and 3 separate rooms with common doors in between. The Condo has updated flooring, paint and great natural lighting. The Condo is conveniently located right next to the common restrooms, staircase to the bottom floor, and the parking lot.
The tenant is long-term with initial lease expiring in 2032 with an option to extend thereafter. Annual increases allow for 3% increases to rent with all utilities paid by tenant. Call Agent for additional information.

Location

State CA

County Orange

Area 72 - Orange & Garden Grove, E Of Harbor, N Of 22 F

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry None

Exterior

Fence None

Roof Type Flat

Present Use Commercial

Building

Lot Description Level

Story 3

Water Public

Others

Tax ID 93828090

Security Features Fire Sprinkler System

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Financing Cash

Special Listing Condition Standard

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Listed by Tony Scafidi • Rigel Capital • 760-912-7143
Bought with Tony Scafidi • Rigel Capital

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556