$1,630,000
$1,698,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
3,462 SqFt
SOLD DATE : 05/21/2024
Key Details
Sold Price $1,630,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,462 sqft
Price per Sqft $470
Subdivision ,French Park
MLS Listing ID OC24061346
Sold Date 05/21/24
HOA Y/N No
Year Built 1917
Lot Size 8,276 Sqft
Acres 0.19
Property Description
A great Turn-Key Investment Opportunity with a HIGH RENTAL INCOME. Current income: $11,400 per month and Performa of $12,900. Good unit mix. ALL UNITS FULLY REMODELED. Remodeling included ALL new Kitchens, ALL new Bathrooms, ALL New flooring and Paint, Partial New Plumbing and Electrical. The front main unit also come with its own laundry room inside the unit a basement and a private back yard. Separate Electric meter in 3 of the units. Excellent cash flow and a High CAP Rate of 6.3% and 12.4 GRM. Units sizes are: 1. 2 Bed/ 2bath + Den 2. 3 bed/2 bath 3. 1 bed/ 1 bath 4. 2bed / 1 bath. Uncovered Parking spaces on the property. Three of the units are rented Fully FURNISHED. All Brand-New Appliances and Furniture convey with the sale. This is a rare opportunity and by far the best deal in town. The property is located on a quiet street, well established, clean and safe north of downtown Santa Ana in the desired French Park neighborhood. Only one block from OCSHA and few blocks north of Downtown. The next door property at 1104 French St. is also available for sale together or separately.
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Rooms
Ensuite Laundry Common Area, Inside, Laundry Room
Interior
Interior Features Furnished, Quartz Counters
Laundry Location Common Area,Inside,Laundry Room
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area, Inside, Laundry Room
Exterior
Garage Driveway
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
View None
Parking Type Driveway
Total Parking Spaces 6
Private Pool No
Building
Lot Description Front Yard, Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 39802719
Energy Description 720.0
Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Albert Hanna • Alt Financial Network Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "