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211 E 20th Street

Santa Ana, CA 92706
  • $3,375,000
  • STATUS: Active
  • ON SITE: 167 Days
  • ID#: OC23104698
$3,375,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

Listing Agent(s): Shelly Kay Hilliard of Coldwell Banker Realty (714-374-4459)


Description

Discover an outstanding investment property that promises great returns.(Assumable loan 3.73%)This remarkable property comprises 8 units, all of which are currently occupied by excellent tenants. The property has undergone significant upgrades within the last 2-4 years, including the installation of new dual-pane windows. These improvements contribute to a low-cost maintenance building, providing peace of mind to the owner and minimizing future expenses. This investment opportunity is not to be missed. 4 spacious 1-bedroom, 1-bath units measuring 738 sq ft each. 4 generous 2-bedroom, 1-bath units spanning approximately 894 sq ft each. These units feature open floor plans, creating a welcoming ambiance, and come with expansive exterior patios. The property offers the convenience of 16 assigned subterranean gated parking spaces, ensuring secure parking for residents. Each parking space is accompanied by private storage, providing additional convenience and utility for tenants. ??Separate Utility Meters: Enjoy the benefits of streamlined management with 8 individual electric and gas meters. The owner covers water and trash services, reducing administrative burdens. Convenient location in Santa Ana, residents enjoy easy access to major transportation routes, including the 5 and 22 Freeways. Prime location near public transit and Santa Ana College. Just 2 blocks from Bowers Museum for cultural enrichment and entertainment. Shopping, dining, and entertainment venues are within easy reach.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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 Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/140699948
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211 E 20th Street Santa Ana, CA 92706

  • Price: $3,375,000
  • Status: Active
  • On Site: 167 Days
  • ID#: OC23104698
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1986
Built
Neighborhood:
N/A
County:
Orange
Area:
70 - Santa Ana North of First
Property Description
Discover an outstanding investment property that promises great returns.(Assumable loan 3.73%)This remarkable property comprises 8 units, all of which are currently occupied by excellent tenants. The property has undergone significant upgrades within the last 2-4 years, including the installation of new dual-pane windows. These improvements contribute to a low-cost maintenance building, providing peace of mind to the owner and minimizing future expenses. This investment opportunity is not to be missed. 4 spacious 1-bedroom, 1-bath units measuring 738 sq ft each. 4 generous 2-bedroom, 1-bath units spanning approximately 894 sq ft each. These units feature open floor plans, creating a welcoming ambiance, and come with expansive exterior patios. The property offers the convenience of 16 assigned subterranean gated parking spaces, ensuring secure parking for residents. Each parking space is accompanied by private storage, providing additional convenience and utility for tenants. ??Separate Utility Meters: Enjoy the benefits of streamlined management with 8 individual electric and gas meters. The owner covers water and trash services, reducing administrative burdens. Convenient location in Santa Ana, residents enjoy easy access to major transportation routes, including the 5 and 22 Freeways. Prime location near public transit and Santa Ana College. Just 2 blocks from Bowers Museum for cultural enrichment and entertainment. Shopping, dining, and entertainment venues are within easy reach.
Exterior Features

Architectural Style Traditional Construction Materials Stucco Entry Level 2 Entry Location 2nd Level Exterior Features LightingRain Gutters Fencing Wrought Iron Foundation Details Raised Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 8 Parking Features AssignedControlled EntranceGatedPrivateGarage Faces Side Parking Total 16 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Paved Roof AsphaltShingle Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features Parking Appliances Gas Range Common Walls 2+ Common Walls Cooling Dual Cooling YN Yes Fireplace Features None Fireplace YN No Flooring TileVinyl Heating Combination Heating YN Yes Interior Features BalconyCeiling Fan(S)Living Room Deck AttachedOpen FloorplanQuartz Counters

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.47 Common Interest Community Apartment Community Features ParkStorm Drain(S)SidewalksGated Contingency 1031 Exchange Electric Expense 635 Garage YN Yes Gross Income 1800 Gross Scheduled Income 208500 Insurance Expense 2858 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Maintenance Expense 7462.3 Net Operating Income 151169 New Construction YN No New Taxes Expense 33750 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 57331 Pest Control Expense 720 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Fire Detection SystemSecurity GateGated CommunitySmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 12935 Tenant Pays Cable TvElectricityGas Total Actual Rent 17225 Trash Expense 2282 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 1850 Water Sewer Expense 3962 Water Source Private



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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 Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Shelly Kay Hilliard of Coldwell Banker Realty (714-374-4459)