$1,450,000
$1,498,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
6,969 Sqft Lot
SOLD DATE : 01/31/2024
Key Details
Sold Price $1,450,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23114605
Sold Date 01/31/24
HOA Y/N No
Year Built 1971
Lot Size 6,969 Sqft
Property Sub-Type Apartment
Property Description
This Value-add investment is comprised of 7 units located in the City of Santa Ana near Mater Dei High School, built in 1971 consists of seven 1 bedroom/1 bath units. This building has been well maintained and managed. The Close Proximity to nearby Bristol/McFadden retail corridor, the shopping centers, markets, and transportation makes it extremely desirable to tenants. Long term tenants in place, all on month to month leases, all tenants pay on time! All electric separately metered, tenants pay. Onsite laundry. Current owner has made several improvements to the building including exterior paint, A/C units added to units, new sliders, windows, 2 units have been recently updated, roof recently recoated with cool roof.
POTENTIAL TO DEVELOP ADDITIONAL UNITS ON SITE, there is a sustained demand for new development and with this property there is huge value add potential and rental growth.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 7
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 10907209
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Behzad Partovi Partovi Realty
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