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314 S Broadway

Santa Ana, CA 92701
  • $1,002,500
  • STATUS: Closed
  • ON SITE: 509 Days
  • ID#: PW21094589
Sold - 07/26/2021
$1,002,500
SOLD - 07/26/2021
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1913
County:

School Ratings & Info

Listing Agent(s): Rodolfo Zuniga of Aare (949-386-1179)


Description

Attention Investors - 4.3% CAP Rate. Great Location in the City of Santa Ana. 3 Unit Apartment Building is in An Excellent Rental Area with Low Vacancy Rates. The unit mix consists of (1) 3 bedroom / 2 bathroom, (1) 2 Bedroom / 1 Bath, (1) 1 Bedroom / Bath located in a High Demand Heninger Park Neighborhood in the City of Santa Ana. Close to 5 Freeway Shopping Centers, Restaurants & Parks. Building Inside Total 2,583 Sq. ft., Remodeled Kitchens and Baths, New First Floor Windows and Newer Tankless Water Heater are a few of many improvements made.Annual Net Operating Income Approx. $68,400. Cap Rate: 4.3 % with New Property Tax Rate. Performa Annual Rental Income will be $72,600. Landlord Pays the Water/Trash/ Gas/ Gardener/ Property Tax /Insurance. Property qualifies for the State MILLS ACT Property Historic Preservation Program where property owners receive property tax relief. *Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants*

Sold by Forouz Mansouri-Abrahimzade of Prea Realty, Inc..

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-26T10:25:51.5. 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/116763822
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314 S Broadway Santa Ana, CA 92701

  • Price: $1,075,000
  • Status: Closed
  • On Site: 509 Days
  • Updated: 48 min ago
  • ID#: PW21094589
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1913
Built
Neighborhood:
69 - Santa Ana South of First
County:
Orange
Area:
69 - Santa Ana South of First
Property Description
Attention Investors - 4.3% CAP Rate. Great Location in the City of Santa Ana. 3 Unit Apartment Building is in An Excellent Rental Area with Low Vacancy Rates. The unit mix consists of (1) 3 bedroom / 2 bathroom, (1) 2 Bedroom / 1 Bath, (1) 1 Bedroom / Bath located in a High Demand Heninger Park Neighborhood in the City of Santa Ana. Close to 5 Freeway Shopping Centers, Restaurants & Parks. Building Inside Total 2,583 Sq. ft., Remodeled Kitchens and Baths, New First Floor Windows and Newer Tankless Water Heater are a few of many improvements made.Annual Net Operating Income Approx. $68,400. Cap Rate: 4.3 % with New Property Tax Rate. Performa Annual Rental Income will be $72,600. Landlord Pays the Water/Trash/ Gas/ Gardener/ Property Tax /Insurance. Property qualifies for the State MILLS ACT Property Historic Preservation Program where property owners receive property tax relief. *Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants*
Exterior Features

Lot Features Front YardYard Number Of Separate Electric Meters 3 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Fireplace Features Living Room Fireplace YN Yes

Property Features

Additional Parcels YN No Buyer Financing Conventional Cap Rate 4.7 Common Interest None Community Features Curbs Electric Expense 0 Fuel Expense 1020 Garage YN No Gross Income 68400 Gross Scheduled Income 68400 Insurance Expense 2500 Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 2052 Net Operating Income 46007 New Construction YN No New Taxes Expense 11616 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 20341 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 129 Vacancy Allowance Rate 3 Water Sewer Expense 1440 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-26T10:25:51.5. 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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Twiss Realty
5071-A Cole Road
Mariposa CA, 95338
Listing Agent(s): Rodolfo Zuniga of Aare (949-386-1179)