Seller's Agent in 2022
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
2 in this area
144 Total Sales
1407 N Bush St Santa Ana, CA 92701
French Court Neighborhood
5
Beds
5
Baths
36,394
Sq Ft
0.46
Acres
Highlights
- 0.46 Acre Lot
- Laundry Room
- Level Lot
About This Home
As of February 2022Bush Court Apartments is a 52-unit multifamily investment property located in Santa Ana. Built in 1987, Bush Court Apartments is a turnkey investment property with an ideal unit mix of 14, 1 bed/1 bath units, 2, 1 bed/1 bath plus den units, 22, 1 bed/1.25 bath units, and 14, 2 bed/2 bath units. The majority of units have been renovated with remodeled kitchens, granite countertops, tile backsplashes, microwaves, tile flooring and more. The property features attractive amenities including controlled access, elevator service, ample garage parking with gated access, security cameras, security doors, balconies, patios, and on-site laundry. The property also features a solar panel system, LED lighting, and a utility reimbursement program which will simplify management and lower monthly expenses for a new owner. Bush Court Apartments has an excellent central Santa Ana location, situated less than a mile from Downtown Santa Ana and the bustling 4th Street Market.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 04/21/2021
Property Details
Home Type
- Apartment
Year Built
- Built in 1987
Lot Details
- 0.46 Acre Lot
- No Common Walls
- Level Lot
Parking
- 88 Car Garage
Interior Spaces
- 36,394 Sq Ft Home
- 4-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Listing and Financial Details
- Legal Lot and Block 4 / F
- Tax Tract Number 300
- Assessor Parcel Number 39813333
Community Details
Building Details
- 52 Leased Units
- Rent Control
- 52 Separate Electric Meters
- 52 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $12,604
- Fuel Expense $12,604
- Insurance Expense $9,228
- Maintenance Expense $28,600
- Other Expense $86,326
- Professional Management Expense $29,096
- Trash Expense $12,604
- Water Sewer Expense $12,604
- New Taxes Expense $163,846
- Operating Expense $367,512
- Gross Income $998,748
- Net Operating Income $602,354
Additional Features
- 52 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/03/2022 02/03/22 | Sold | $14,350,000 | -1.0% | $394 / Sq Ft |
| 09/06/2021 09/06/21 | Pending | -- | -- | -- |
| 04/21/2021 04/21/21 | For Sale | $14,500,000 | +18.3% | $398 / Sq Ft |
| 08/26/2019 08/26/19 | Sold | $12,260,000 | -1.9% | $337 / Sq Ft |
| 06/07/2019 06/07/19 | Pending | -- | -- | -- |
| 05/29/2019 05/29/19 | Price Changed | $12,500,000 | -1.2% | $343 / Sq Ft |
| 03/20/2019 03/20/19 | For Sale | $12,650,000 | +3.3% | $348 / Sq Ft |
| 02/11/2019 02/11/19 | Sold | $12,250,000 | -2.4% | $337 / Sq Ft |
| 11/06/2018 11/06/18 | Pending | -- | -- | -- |
| 10/02/2018 10/02/18 | For Sale | $12,550,000 | -- | $345 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Matthew Hoyt
Hoyt Real Estate, Inc.
(949) 283-1696
1 in this area
39 Total Sales
-
Seller's Agent in 2019
Rick Applebaum
Morgan Skenderian
(949) 251-8800
64 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21084071
APN: 398-133-33
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