Sold: Jul 26, 2021
Address
314 S Broadway Santa Ana, CA
Price
$ 1,002,500
Property Attributes
  • MLS#PW21094589
  • TypeIncome
  • CountyORANGE
  • CitySanta Ana
  • Zip92701
  • Style
  • Price$ 1,002,500
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2583
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
Rodolfo Zuniga with AARE.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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*

Price History
5/4/2021 Listed $968,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92701

Price
AVG $3.4M
$1M

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