Description
If you're looking for a great, solid investment in rental property, this is just what you're looking for! a great opportunity also exists in the assumable loan at the low rate of 3.73%!! in a prime location just steps from the santa ana civic center, the orange county superior court, and the reknowned orange county school of performing arts, the location is also just minutes from santa ana college, the bristol marketplace shopping center and numerous other locales for shopping, dining and services. there's also easy access to public transporation. this 3 level building was built in 1987 and features an electronically controlled, gated parking garage on the 1st level and a total of 10 - 1 bedroom, 1 bath units on the next 2 levels. the units have a spacious great room with a large living and dining area and a convenient kitchen. the bedroom is at the rear with access to the large private balcony and the full bath. the units have newer windows and sliding glass doors, ac units and individual gas water heaters. gas and electric are individually metered and the owner provides water, trash and sewer. tenants are responsible for paying for their own cable tv and/or internet. there is a community laundry room with leased equipment that the leasor maintains and a small garden area in front. with all that this property and location has to offer, including job opportunities, it's easy to see why it stays fully occupied and the turnover rate is low. you'll have the peace of mind of knowing that you have a steady income stream. owning a single family home or duplex as a rental has the disadvantage of having greatly reduced or no income in the event of a unit turnover. with 10 units, you have offsetting income in the event of turnovers, which don't happen frequently. add to your portfolio or dive into rental income property investments with this terrific 10 unit complex. what a great opportunity!
Property Type
Residential IncomeCounty
OrangeStyle
ContemporaryAD ID
48926522
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Exterior Property Features : Lighting
- Interior Features: Ceiling Fan(s),Open Floorplan,Unfurnished,Main Level Primary
- Property Appliances: Gas Range,Range Hood
- Fireplace: None
- Flooring: Tile
Cooling Features
- Wall/Window Unit(s)
- Air Conditioning
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1987
- Building Area Total: 7,500
Exterior Features
- Lighting
Foundation
- Slab
Security Features
- Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)
Accessibility Features
- None
Pool Features
- None
Laundry Features
- Common Area,Laundry Room
Fencing
- Wrought Iron
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2
- Lot Size Source: Assessor
- Lot Size Square Feet: 8712
-
Listing Information
Listing Price Information
- Original List Price: 3,345,900
- Listing Contract Date: 2025-03-10
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 39853304
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned,Concrete,Covered
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Cable TV,Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 70 - Santa Ana North of First
- Directions: From Civic Center Drive, go north on Parton past 10th St. This terrific opportunity will be the 3rd on your right.
- Zoning: R-2
- Source Property Type: Residential Income
- Area: 70 - Santa Ana North of First
- Property SubType: Apartment
Building and Construction
- Property Age: 38
- Common Walls: 2+ Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: Three Or More
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BuyOwner last updated this listing 03/13/2025 @ 17:05
- MLS: PW25050495
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 7,500 sqft, 8,712 sized lot, and 10 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Ana , in zip code 92701, this Orange County Home , it is in the Santa Ana Subdivision, are nearby neighborhoods.