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: 4.7 % 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*
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Due to the number of buyers interested in this house, only serious buyers are allowed access.
Request a Virtual Showing and we will send you a link to view. If you like what you see please go to the next step.
To physically see the inside you need to submit an offer subject to an interior inspection.
Submit your offer through the listing agents email. Listing agent will upload your offer to the Offer Platform (see link below). Offers will be considered when the Offer Clock runs out.
Assuming your offer is accepted EMD will be wired in when Escrow is opened.
Most all documents will be signed via DocuSign.
Please note: If you need help with the offer process above, please contact the listing agent listed below.