NOT LISTED FOR SALE

1041 Richland Ave Santa Ana, CA 92703

Heninger Park Neighborhood
5 Beds
4 Baths
5,976 Sq Ft
9,585 Sq Ft Lot

Last Sold August 15, 2023

Last sale price $2,350,000 $393 Per Sq Ft

101 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 1-Story Property

About This Home

As of August 2023

proud to present The Richland Street Apartments; a nine (9) unit complex built in 1986. Situated just a short walk to Orange County’s Central Business District, the property offers newer vinyl windows, carport parking, security gated entrance, a large laundry room and separate balconies. The Richland Apartments are also separately metered for gas and electricity, with each unit having an individual water heater. The building offers great upside, and is close to schools, jobs and transporaton.

Last Agent to Sell the Property

Patrick Swanson

Pat Swanson License #01382974 Listed on: 02/21/2023

Last Buyer's Agent

Cecilia Hernandez

First Union Real Estate License #01874239

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 9,585 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 9 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,976 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 502
  • Assessor Parcel Number 01017009
  • $2,227 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 11 Separate Water Meters
  • Electric Expense $676
  • Fuel Expense $177
  • Insurance Expense $3,150
  • Trash Expense $2,848
  • Water Sewer Expense $5,670
  • Operating Expense $50,256
  • Gross Income $14,968
  • Net Operating Income $123,968

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

9

Listing Details

  • Price Per Unit: 272000
  • Property Attached: Yes
  • Water Sewer Expenses: 5670.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 01017009
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 393.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2848.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 9585.00
  • Lot Size Acres: 0.2200

Multi Family

  • Electric Expense: 676.00
  • Fuel Expense: 177.00
  • Gross Income: 14968.00
  • Gross Scheduled Income: 174228.00
  • Insurance Expense: 3150.00
  • Lot Size Area: 9585.0000 Square Feet
  • Net Operating Income: 123968.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 11
  • Number Of Units Total: 9
  • Operating Expense: 50256.00
  • Rent Control: Yes
  • Total Actual Rent: 14595.00
  • Total Expenses: 50256.00

Tax Info

  • Tax Census Tract: 749.02
  • Tax Lot: 27
  • Tax Tract Number: 502
  • TaxOtherAnnualAssessmentAmount: 2227.00

Range of Values:

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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 Change Sq Ft Price
08/15/2023 08/15/23 Sold $2,350,000 -4.0% $393 / Sq Ft
07/18/2023 07/18/23 Price Changed $2,448,000 0.0% $410 / Sq Ft
06/02/2023 06/02/23 Pending -- -- --
04/17/2023 04/17/23 Price Changed $2,448,000 -2.0% $410 / Sq Ft
03/15/2023 03/15/23 Price Changed $2,499,000 -2.0% $418 / Sq Ft
02/21/2023 02/21/23 For Sale $2,550,000 -- $427 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patrick Swanson

    Seller's Agent in 2023

    Patrick Swanson

    Pat Swanson

    (213) 864-2862

    1 in this area

    55 Total Sales

    Patrick Swanson
    Section Image

  • C

    Buyer's Agent in 2023

    Cecilia Hernandez

    First Union Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23029864

California Regional Multiple Listing Service (CRMLS)

APN: 010-170-09

California Orange County Santa Ana 92703 Heninger Park

1041 Richland Ave, Santa Ana, CA

This home is located at 1041 Richland Ave, Santa Ana, CA 92703 since 21 February 2023. This property was built in 1986. 1041 Richland Ave is a home located in Orange County with nearby schools including Lowell Elementary, Julia C. Lathrop Intermediate School, and Santa Ana High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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