$1,002,500
$1,075,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
8,712 Sqft Lot
SOLD DATE : 07/26/2021
Key Details
Sold Price $1,002,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21094589
Sold Date 07/26/21
HOA Y/N No
Year Built 1913
Lot Size 8,712 Sqft
Property Description
Attention Investors - 4.3% CAP Rate. Great Location in the City of Santa Ana. 3 Unit Apartment Building is in An Excellent Rental Area with Low Vacancy Rates. The unit mix consists of (1) 3 bedroom / 2 bathroom, (1) 2 Bedroom / 1 Bath, (1) 1 Bedroom / Bath located in a High Demand Heninger Park Neighborhood in the City of Santa Ana. Close to 5 Freeway Shopping Centers, Restaurants & Parks. Building Inside Total 2,583 Sq. ft., Remodeled Kitchens and Baths, New First Floor Windows and Newer Tankless Water Heater are a few of many improvements made.
Annual Net Operating Income Approx. $68,400. Cap Rate: 4.3 % with New Property Tax Rate. Performa Annual Rental Income will be $72,600. Landlord Pays the Water/Trash/ Gas/ Gardener/ Property Tax /Insurance. Property qualifies for the State MILLS ACT Property Historic Preservation Program where property owners receive property tax relief. *Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants*
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Fireplaces Type Living Room
Fireplace Yes
Laundry Inside
Exterior
Pool None
Community Features Curbs
Private Pool No
Building
Lot Description Front Yard, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 39828608
Energy Description 1020.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Forouz Mansouri-Abrahimzade • PREA Realty, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "