NOT LISTED FOR SALE

1308 N Sycamore St Santa Ana, CA 92701

Willard Neighborhood
5 Beds
4 Baths
6,294 Sq Ft
0.34 Acres

Last Sold November 13, 2019

Last sale price $2,735,000 $435 Per Sq Ft

53 Days on Market

About This Home

As of November 2019

Welcome to 1308-1320 N. Sycamore Street, an 11-unit apartment complex located in the heart of Santa Ana within an opportunity zone. Comprised of a 4-unit & 7-unit building on separate parcels (which can be purchased together or separately), 1308-1320 N. Sycamore Street has been beautifully & extensively renovated with 7 out of the 11 units remodeled and over $185,000 in recent improvements. Inside select renovated units you will find new kitchens with granite countertops, stainless steel appliances, new bathrooms with new vanities, tile shower walls and high-efficiency toilets and LED recessed lighting The exterior shines with new exterior paint, windows, asphalt, replaced and repaired roof and fresh landscaping. This investment opportunity is desirably located near Downtown Santa Ana, The County of Orange Federal & Judicial Buildings, Bowers Museum & Main Place Mall, allowing tenants to work and enjoy shopping, dining and entertainment all within city limits. 1308-1320 N. Sycamore offers immediate cash flow to a new investor with the opportunity to increase cash flow by renovating the remaining 4 units making this an excellent investment opportunity. *Opportunity Zone Investment, *4.8%CAP Rate on Current Rents, *3.9% Fixed Rate Financing with 32% Down Payment, 4-Plex & 7-Units on Separate Parcels (Can Be Purchased Together or Separately), *Major Renovations and Upgrades Completed- Interiors & Exterior, *In-Demand Rental Location Near Downtown Santa Ana & Bowers Museum

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 06/24/2019

Co-Listed By

Michael Arp

Morgan Skenderian License #01488586

Last Buyer's Agent

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 06/24/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 0.34 Acre Lot
  • No Common Walls
  • Density is 11-15 Units/Acre
  • 39852315

Parking

  • 13 Open Parking Spaces
  • 5 Car Garage

Interior Spaces

  • 6,294 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 832
  • Assessor Parcel Number 39852314

Community Details

Overview

  • 4 Buildings
  • 11 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $960
  • Insurance Expense $2,749
  • Maintenance Expense $11,978
  • Other Expense $11,510
  • New Taxes Expense $30,815
  • Operating Expense $61,363
  • Gross Income $2,700
  • Net Operating Income $138,263

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.00
  • Other Phone Description: Office Phone
  • Other Phone Number: 949-251-8800
  • Property Attached: No
  • Subdivision Name Other: French Court
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 39852314
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 434.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 18.00
  • Uncovered Spaces: 13.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 39852315
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 14806.00
  • Lot Size Acres: 0.3399

Multi Family

  • Gross Income: 2700.00
  • Gross Multiplier: 13.56
  • Gross Operating Income: 199626.00
  • Gross Scheduled Income: 205800.00
  • Insurance Expense: 2749.00
  • Lot Size Area: 14806.0000 Square Feet
  • Maintenance Expense: 11978.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 138263.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 11
  • Operating Expense: 61363.00
  • Operating Expense Percent: 29.80
  • Other Expense: 11510.00
  • Other Expense Description: Utility
  • Other Income1: 2700.00
  • Other Income Description: Parking Income
  • Rent Control: No
  • Total Expenses: 61363.00
  • Vacancy Allowance: 6174
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 30815.00
  • Tax Census Tract: 750.03
  • Tax Lot: 10
  • Tax Tract Number: 832

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
11/13/2019 11/13/19 Sold $2,735,000 0.0% $435 / Sq Ft
08/24/2019 08/24/19 Rented $1,500 0.0% --
08/19/2019 08/19/19 For Rent $1,500 0.0% --
08/16/2019 08/16/19 Pending -- -- --
07/18/2019 07/18/19 Price Changed $2,790,000 -3.6% $443 / Sq Ft
06/24/2019 06/24/19 For Sale $2,895,000 -- $460 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Lars Mohn

    Lars Mohn, Broker

    (949) 200-7334

    Lars Mohn
    Section Image
  • Rick Applebaum

    Seller's Agent in 2019

    Rick Applebaum

    Morgan Skenderian

    (949) 251-8800

    2 in this area

    64 Total Sales

    Rick Applebaum
    Section Image
  • Michael Arp

    Seller Co-Listing Agent in 2019

    Michael Arp

    Morgan Skenderian

    (714) 262-8992

    1 in this area

    42 Total Sales

    Michael Arp
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19149206

California Regional Multiple Listing Service (CRMLS)

APN: 398-523-14

California Orange County Santa Ana 92701 Willard

1308 N Sycamore St, Santa Ana, CA

This home is located at 1308 N Sycamore St, Santa Ana, CA 92701 since 24 June 2019. This property was built in 1956. 1308 N Sycamore St is a home located in Orange County with nearby schools including Heroes Elementary School, Willard 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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