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

Sale Details

Date Sold: September 27, 2021

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

5 Days on Market

Highlights

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

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 in unit

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

5,227 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,061 $780,300 $707,727 $72,573
2024 $9,061 $765,000 $693,850 $71,150
2023 $8,839 $750,000 $680,245 $69,755
2022 $8,691 $730,000 $666,017 $63,983
2021 $7,401 $618,340 $556,737 $61,603
2020 $7,417 $612,000 $551,028 $60,972
2019 $7,271 $600,000 $540,223 $59,777
2018 $4,666 $377,614 $304,476 $73,138
2017 $4,626 $370,210 $298,506 $71,704
2016 $4,536 $362,951 $292,652 $70,299
2015 $4,479 $357,500 $288,256 $69,244
2014 $3,414 $262,621 $181,430 $81,191
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

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