NOT LISTED FOR SALE

1230 E Borchard Ave Santa Ana, CA 92707

Southeast Industrial District Neighborhood
4 Beds
4 Baths
12,108 Sq Ft
0.43 Acres

Last Sold April 09, 2020

Last sale price $3,150,000 $260 Per Sq Ft

19 Days on Market

Highlights

  • 0.43 Acre Lot
  • Laundry Room
  • 5-minute walk to Madison Park
  • Lawn

About This Home

As of April 2020

1226 & 1230 East Borchard Avenue is a 20-unit multifamily investment property located in Santa Ana, California. Built in 1961, 1226 & 1230 East Borchard Avenue consists exclusively of one-bedroom units and includes amenities such as gated access, on-site laundry, security doors, and open parking. Current ownership recently renovated the exterior, with a new roof and new windows in 2019, and new paint in 2020. The property is located in close proximity to the Interstate 5 and State Route 55 interchange providing residents with easy access to employment hubs in all directions.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 02/28/2020

Last Buyer's Agent

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1961

Lot Details

  • 0.43 Acre Lot
  • No Common Walls
  • Lawn
  • 01425119

Interior Spaces

  • 12,108 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 3533
  • Assessor Parcel Number 01425120

Community Details

Overview

  • 2 Buildings
  • 20 Units

Amenities

  • Laundry Facilities

Building Details

  • 20 Leased Units
  • Rent Control
  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,355
  • Fuel Expense $5,355
  • Insurance Expense $6,000
  • Maintenance Expense $10,000
  • Other Expense $16,000
  • Professional Management Expense $10,828
  • Trash Expense $5,355
  • Water Sewer Expense $5,355
  • New Taxes Expense $51,115
  • Operating Expense $115,363
  • Gross Income $278,960
  • Net Operating Income $155,333

Property Details

Home Type

Apartment

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Professional Management Expense: 10828.00
  • Property Attached: No
  • Water Sewer Expenses: 5355.00
  • Zoning: M-1
  • Property Type: Residential Income
  • Parcel Number: 01425120
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 260.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 20.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5355.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 01425119
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 18730.80
  • Lot Size Acres: 0.4300

Multi Family

  • Electric Expense: 5355.00
  • Fuel Expense: 5355.00
  • Gross Income: 278960.00
  • Gross Scheduled Income: 275460.00
  • Insurance Expense: 6000.00
  • Laundry Income: 3500.00
  • Lot Size Area: 0.4300 Acres
  • Maintenance Expense: 10000.00
  • Net Operating Income: 155333.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 20
  • Number Of Units Total: 20
  • Operating Expense: 115363.00
  • Other Expense: 16000.00
  • Other Expense Description: Misc.
  • Rent Control: Yes
  • Total Actual Rent: 22955.00
  • Total Expenses: 115363.00
  • Vacancy Allowance: 8264

Tax Info

  • New Taxes Expense: 51115.00
  • Tax Census Tract: 744.03
  • Tax Lot: 20
  • Tax Tract Number: 3533

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
04/09/2020 04/09/20 Sold $3,150,000 -23.2% $260 / Sq Ft
03/18/2020 03/18/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $4,100,000 -- $339 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2020

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    2 in this area

    143 Total Sales

    Section Image
  • Greg Bassirpou

    Buyer's Agent in 2020

    Greg Bassirpou

    Marcus & Millichap RE Invest

    (949) 419-3269

    3 in this area

    32 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20043037

California Regional Multiple Listing Service (CRMLS)

California Orange County Santa Ana 92707 Southeast Industrial District

1230 E Borchard Ave, Santa Ana, CA

This home is located at 1230 E Borchard Ave, Santa Ana, CA 92707 since 28 February 2020. This property was built in 1961. 1230 E Borchard Ave is a home located in Orange County with nearby schools including Madison Elementary School, Julia C. Lathrop Intermediate School, and Century 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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