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    620 E Pine Street

    Santa Ana, CA 92701
    • $1,850,000
    • STATUS: Active Under Contract
    • ON SITE: 61 days
    • ID#: OC21114235
    Under Contract
    UPDATED: 66 min ago
    $1,850,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    Great Opportunity to own a Six-unit multifamily apartment complex, in Santa Ana. This complex has low turnover and produces immediate cash flow, perfect for new investors. Featuring 2 spacious 2-bed /1 bath units, and 4, 1-bed /1 bath units, each unit has it's own private patio. On-site laundry facility, and Tuck-under gated parking with a secure electronic security gate. Walking distance to recently renovated Santa Ana Historic District, featuring restaurants, entertainment, shopping, easy access to public transit and schools. Close proximity to the 5 & 55 freeways, employment, area shopping malls, and just a few miles to the City of Tustin, makes this an ideal location for renters. This is an opportunity you won't want to miss.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-28T18:29:14.777. 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/117655814
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    620 E Pine Street Santa Ana, CA 92701

    • Price: $1,850,000
    • Status: Active Under Contract
    • Updated: 66 min ago
    • ID#: OC21114235
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1980
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    Great Opportunity to own a Six-unit multifamily apartment complex, in Santa Ana. This complex has low turnover and produces immediate cash flow, perfect for new investors. Featuring 2 spacious 2-bed /1 bath units, and 4, 1-bed /1 bath units, each unit has it's own private patio. On-site laundry facility, and Tuck-under gated parking with a secure electronic security gate. Walking distance to recently renovated Santa Ana Historic District, featuring restaurants, entertainment, shopping, easy access to public transit and schools. Close proximity to the 5 & 55 freeways, employment, area shopping malls, and just a few miles to the City of Tustin, makes this an ideal location for renters. This is an opportunity you won't want to miss.
    Exterior Features

    Carport Spaces 8 Carport YN Yes Construction Materials Stucco Exterior Features Rain Gutters Fencing Wrought Iron Foundation Details Slab Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 7 Parking Features CoveredGarage Faces FrontGatedSide By Side Parking Total 8 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 Neighborhood View YN Yes

    Interior Features

    Accessibility Features Safe Emergency Egress From Home Appliances Electric RangeGas RangeRefrigerator Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Door Features Sliding Doors Fireplace Features None Fireplace YN No Flooring CarpetLaminateTile Heating Wall Furnace Heating YN Yes Interior Features Beamed CeilingsBalconyCeiling Fan(S)Cathedral Ceiling(S)Laminate CountersOpen FloorplanTile CountersBedroom On Main Level Window Features Screens

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5 Common Interest Community Apartment Community Features Street LightsSidewalks Contingency Buyer To Cooperate With Sellers 1031 Exchange (Already identified) At No Cost To Them. Listing Agent Makes No Claims As To The Accuracy Of SizeSquare Footage Or City Permitting. Buyer Advised To independently Verify The Accuracy Of All information Through. Current Financing Conventional Electric Expense 333 Fuel Expense 1831 Garage YN No Gross Income 2160 Gross Scheduled Income 121320 Insurance Expense 2150 Land Lease YN No Laundry Features Common AreaLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Maintenance Expense 4386 Net Operating Income 89042 New Construction YN No New Taxes Expense 19000 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 32012 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Apartment Rent Control YN Yes Security Features Security GateSmoke Detector(S)Security Lights Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTelephone Total Actual Rent 10110 Trash Expense 1623 Utilities Cable AvailablePhone AvailableSewer ConnectedWater Connected Vacancy Allowance 2426 Vacancy Allowance Rate 2 Water Sewer Expense 2689 Water Source Public Zoning R3

    Listing provided courtesy of Shelly Kay Hilliard of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-28T18:29:14.777. 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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