NOT LISTED FOR SALE
3 Beds
2 Baths
1,185 Sq Ft
5,227 Sq Ft Lot

Last Sold September 27, 2021

Last sale price $730,000 $616 Per Sq Ft

5 Days on Market

Highlights

  • Laundry Room
  • Back Yard
  • 1-minute walk to Angels Community Park
  • Bike Trail
  • 1-Story Property

About This Home

As of September 2021

Welcome to the lowest priced Multi Family property in Santa Ana. 1012 & 1014 W third street is an amazing opportunity for a savvy investor or homeowner. The property features a 2 bed 1 bath front unit and a 1 bed bath rear unit. The units are separately metered for electric, gas and have a separate address. The 4-car garage has been converted into two studio units without permits. It may be possible to convert this to a legal ADU. Buyer to investigate.
The Tenants have never missed a payment and are long term Tenants. The current rents are under market and offer a large upside by increasing rents. All units were upgraded two years ago to include: new kitchen cabinets with Quartz countertops, completely remodeled bathrooms, new windows, new flooring throughout, Freshly painted, Upgraded Electrical and Plumbing. The roof is approximately 7 years old.
This is an amazing low maintenance investment and perfect to live in one and rent the other or keep both as a Rental income.

Last Agent to Sell the Property

James Madden

Realty One Group West License #02049382 Listed on: 07/02/2021

Realty One Group West

Last Buyer's Agent

Jaret Leiva

Milestone Realty License #01494019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 5,227 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,185 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 4 / A
  • Tax Tract Number 360
  • Assessor Parcel Number 40516317

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $100
  • Insurance Expense $36
  • Trash Expense $100
  • Water Sewer Expense $100
  • Operating Expense $336
  • Gross Income $59,760
  • Net Operating Income $56,160

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Parcel Number: 40516317
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 616.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Multi Family

  • Electric Expense: 100.00
  • Gross Income: 59760.00
  • Gross Scheduled Income: 4970.00
  • Insurance Expense: 36.00
  • Lot Size Area: 5227.0000 Square Feet
  • Net Operating Income: 56160.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3600.00
  • Rent Control: No
  • Total Expenses: 336.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 749.01
  • Tax Lot: 4
  • Tax Tract Number: 360

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2021 09/27/21 Sold $730,000 -1.4% $616 / Sq Ft
07/08/2021 07/08/21 Price Changed $740,000 +8.8% $624 / Sq Ft
07/02/2021 07/02/21 For Sale $680,000 +52.8% $574 / Sq Ft
01/05/2018 01/05/18 Sold $445,000 -25.7% $376 / Sq Ft View Prior Sale
08/11/2017 08/11/17 Price Changed $599,000 -7.8% $505 / Sq Ft
07/03/2017 07/03/17 For Sale $650,000 +81.8% $549 / Sq Ft
11/13/2014 11/13/14 Sold $357,500 -10.4% $302 / Sq Ft View Prior Sale
09/26/2014 09/26/14 Pending -- -- --
08/21/2014 08/21/14 For Sale $399,000 -- $337 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21144875

California Regional Multiple Listing Service (CRMLS)

APN: 405-163-17