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    1014 W 3rd Street

    Santa Ana, CA 92703
    • $740,000
    • STATUS: Active Under Contract
    • ON SITE: 29 days
    • ID#: OC21144875
    Under Contract
    $740,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    Welcome to the lowest priced Multi Family property in Santa Ana. 1012 & 1014 W third street is an amazing opportunity for a savvy investor or homeowner. The property features a 2 bed 1 bath front unit and a 1 bed bath rear unit. The units are separately metered for electric, gas and have a separate address. The 4-car garage has been converted into two studio units without permits. It may be possible to convert this to a legal ADU. Buyer to investigate. The Tenants have never missed a payment and are long term Tenants. The current rents are under market and offer a large upside by increasing rents. All units were upgraded two years ago to include: new kitchen cabinets with Quartz countertops, completely remodeled bathrooms, new windows, new flooring throughout, Freshly painted, Upgraded Electrical and Plumbing. The roof is approximately 7 years old. This is an amazing low maintenance investment and perfect to live in one and rent the other or keep both as a Rental income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/118963612
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    1014 W 3rd Street Santa Ana, CA 92703

    • Price: $740,000
    • Status: Active Under Contract
    • ID#: OC21144875
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1913
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    Welcome to the lowest priced Multi Family property in Santa Ana. 1012 & 1014 W third street is an amazing opportunity for a savvy investor or homeowner. The property features a 2 bed 1 bath front unit and a 1 bed bath rear unit. The units are separately metered for electric, gas and have a separate address. The 4-car garage has been converted into two studio units without permits. It may be possible to convert this to a legal ADU. Buyer to investigate. The Tenants have never missed a payment and are long term Tenants. The current rents are under market and offer a large upside by increasing rents. All units were upgraded two years ago to include: new kitchen cabinets with Quartz countertops, completely remodeled bathrooms, new windows, new flooring throughout, Freshly painted, Upgraded Electrical and Plumbing. The roof is approximately 7 years old. This is an amazing low maintenance investment and perfect to live in one and rent the other or keep both as a Rental income.
    Exterior Features

    Lot Features Back Yard Number Of Separate Electric Meters 2 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Common Interest None Community Features Biking Electric Expense 100 Fuel Expense 0 Garage YN Yes Gross Income 59760 Gross Scheduled Income 4970 Insurance Expense 36 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalFhaFannie MaeVa Loan Net Operating Income 56160 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 3600 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 100 Water Sewer Expense 100 Water Source Public

    Listing provided courtesy of James Madden of Realty One Group West


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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