Thank you
Doron Refael
Doron Refael, Broker
714-253-2883
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.
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Water Source : Public
Sewer : Public Sewer
Interior Features: Furnished,Quartz Counters
Fireplace: Living Room
Flooring: Laminate
Wall/Window Unit(s)
Air Conditioning
Fireplace Features: Living Room
Has Fireplace: 1
Year Built: 1917
Building Area Total: 3,462
Has Basement
None
Common Area,Inside,Laundry Room
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.19
Lot Size Source: Assessor
Lot Size Square Feet: 8276
Original List Price: 1,698,000
Listing Contract Date: 2024-03-26
Listing Agreement: Exclusive Right To Sell
Parcel Number: 39802719
Garage Description: Driveway
Lease Term: Negotiable
Tenant Pays: Electricity
Source Listing Status: Active Under Contract
Source Neighborhood: 70 - Santa Ana North of First
Postal Code Plus 4: 3737
Directions: From 17th and Main head south on Main, Go East on Washington and South on French
Source Property Type: Residential Income
Area: 70 - Santa Ana North of First
Property SubType: Mixed Use
Property Age: 107
Common Walls: 2+ Common Walls
Structure Type: Mixed Use
Year Built Source: Assessor
Entry Level: 1
Entry Location: Varied
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
918 French Street, Santa Ana, CA,92701 | $1,495,000 | 8 | 2 | 3,417 | 7841 Sqft |
301 N Mcclay Street, Santa Ana, CA,92701 | $1,025,000 | 2 | 1 | 960 | 12281 Sqft |
203 E Bishop Street, Santa Ana, CA,92701 | $695,000 | 2 | 2 | 1,294 | 7414 Sqft |
700 W 3rd Street #B209, Santa Ana, CA,92701 | $315,000 | 1 | 1 | 768 | -- |
406 E Myrtle Street, Santa Ana, CA,92701 | $1,225,000 | 4 | 2 | 1,728 | 7500 Sqft |
902 E 17th Street, Santa Ana, CA,92701 | $4,000,000 | -- | -- | 10,990 | 11547 Sqft |
1421 N Bush Street, Santa Ana, CA,92701 | $829,900 | 3 | 1 | 1,164 | 6900 Sqft |
709 E Chestnut Avenue, Santa Ana, CA,92701 | $3,480,000 | -- | -- | 7,032 | 6848 Sqft |
600 W 3rd Street #B114, Santa Ana, CA,92701 | $304,900 | 1 | 1 | 754 | -- |
1507 E 4th Street, Santa Ana, CA,92701 | $749,900 | 3 | 2 | 976 | 4961 Sqft |
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ByOwner last updated this listing 05/02/2024 @ 09:35
MLS: OC24061346
LISTED BY: Doron Refael, Doron Refael, Broker
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.