Thank you
Albert Le
LE INVESTMENT GROUP
909-256-7889
HIGHLIGHTS: Redevelopment Potential With Tremendous Upside / Possible Addition of ADU / Property is Zoned R-2 (Two-family residence). / Redevelopment examples may include Two (2), two-story condominium type duplex with garage. / The Property is currently composed of, (1) two-bedroom front single family residence, (4) rear units which include (1) 2 BDR unit, & (3) 3 BDR Units. / Example Redevelopment (2) townhomes with Three-bedroom units (4 units) + ADU Two-bedroom. Projected CAP Rate: 7.75%+/- / Current leasing rates for three-bedroom units in Santa Ana, range from $2,400 to $3,000, while two-bedroom lease rates range from $1,800-$2,200. / It is essential for buyers to conduct their own due diligence, including consulting with the City of Santa Ana Planning and Building Department. 3322 West Camille St. is a multifamily property located in the city of Santa Ana, CA. Situated on a large .37 acre lot, this property offers ample space and potential for various possibilities. Built in 1949, this multifamily property features a total of five (5) units, catering to a diverse range of tenants. Among the five (5) units, two (2) units are spacious 2-bedroom, 1-bathroom apartments, while the remaining three (3) units boast comfortable 3-bedroom, 1-bathroom layouts. With a mix of unit sizes, this property appeals to a broad market, providing flexibility for investment strategies. The city of Santa Ana has experienced significant growth and development over the years, making it an attractive destination for businesses, residents, and investors.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1952
Building Area Total: 2,788
None
Inside
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.35
Lot Size Source: Assessor
Lot Size Square Feet: 15246
Original List Price: 1,700,000
Listing Contract Date: 2023-07-17
Listing Agreement: Exclusive Right To Sell
Parcel Number: 14428121
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Postal Code Plus 4: 1461
Directions: West Camille St.
Zoning: R3
Source Property Type: Residential Income
Area: 699 - Not Defined
Property SubType: Apartment
Property Age: 72
Common Walls: 1 Common Wall
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: Front
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3317 W Camille Street, Santa Ana, CA,92704 | $1,525,000 | -- | -- | 4,200 | 14200 Sqft |
2210 W Chandler Avenue, Santa Ana, CA,92704 | $1,200,000 | 4 | 2 | 1,939 | 7200 Sqft |
2521 W California Street, Santa Ana, CA,92704 | $949,999 | 4 | 3 | 1,318 | 5220 Sqft |
2402 W Pomona Street, Santa Ana, CA,92704 | $849,900 | 3 | 2 | 900 | 5663 Sqft |
2402 W Pomona Street, Santa Ana, CA,92704 | $849,900 | 3 | 2 | 1,300 | 5663 Sqft |
2501 W Sunflower Avenue.., Santa Ana, CA,92704 | $590,000 | 3 | 2 | 1,182 | -- |
1409 W Lingan Lane, Santa Ana, CA,92704 | $3,150,000 | -- | -- | 8,543 | 10890 Sqft |
2809 S Fairview Street #C, Santa Ana, CA,92704 | $499,900 | 2 | 1 | 809 | -- |
12300 Lilac Avenue #734, Santa Ana, CA,92704 | $176,900 | 2 | 2 | 1,440 | -- |
160 S Fairview, Santa Ana, CA,92704 | $670,000 | 3 | 2 | 1,353 | 1000 Sqft |
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ByOwner last updated this listing 05/12/2024 @ 14:35
MLS: IV23136368
LISTED BY: ALBERT LE, LE INVESTMENT GROUP
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.