$4,300,000
$280K PRICE DROP

1416 N Spurgeon St Santa Ana, CA 92701

French Court Neighborhood

Estimated payment $27,210/month

Total Views 19,057
1 Bed
2 Baths
10,887 Sq Ft
$395 Price per Sq Ft

Highlights

  • 0.34 Acre Lot
  • No HOA
  • Laundry Room

About This Home

VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!!
ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!!

We are pleased to offer for sale this well-located gated property in the highly desirable French Park neighborhood that's located in the North end of the Historic French Park neighborhood. This property is well located and next to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This property is located just minutes away from the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1978 construction community is individually metered for both Gas & Electric (tenant pays for this) with huge rental upside. This community also has on site laundry room (that is owned) and has plenty of parking space (offering both garages & covered gated parking).
ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! SUBMIT ALL OFFERS!!

Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.

Please call listing office for more information.

Listing Agent

Ruben Khorsandi

Alliance Investment RE Group Brokerage Phone: 949-683-6662 License #01085411 Listed on: 04/11/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.34 Acre Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Parking

  • 16 Open Parking Spaces
  • 6 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 10,887 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 468
  • Assessor Parcel Number 39813329
  • $5,116 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 20 Units

Amenities

  • Laundry Facilities

Building Details

  • 20 Leased Units
  • Rent Control
  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $88,984
  • Gross Income $324,000
  • Net Operating Income $218,618

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.08
  • Price Per Unit: 215000
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 39813329
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 394.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 22.00
  • Uncovered Spaces: 16.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 14810.00
  • Lot Size Acres: 0.3400
  • Latitude Manual: 33.75725700

Multi Family

  • Gross Income: 324000.00
  • Gross Multiplier: 13.15
  • Gross Scheduled Income: 324000.00
  • Laundry Income: 3000.00
  • Lot Size Area: 14810.0000 Square Feet
  • Net Operating Income: 218618.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 20
  • Number Of Units Total: 20
  • Operating Expense: 108382.00
  • Rent Control: Yes
  • Total Expenses: 88984.00

Tax Info

  • Tax Census Tract: 750.04
  • Tax Lot: 15
  • Tax Tract Number: 468
  • TaxOtherAnnualAssessmentAmount: 5116.00

Map

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
06/03/2025 06/03/25 Price Changed $4,300,000 -6.1% $395 / Sq Ft
04/11/2024 04/11/24 For Sale $4,580,000 -- $421 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24071887

California Regional Multiple Listing Service (CRMLS)
California Orange County Santa Ana 92701 French Court

1416 N Spurgeon St, Santa Ana, CA

This home is located at 1416 N Spurgeon St, Santa Ana, CA 92701 and is currently priced at $4,300,000, approximately $394 per square foot. This property was built in 1978. 1416 N Spurgeon St is a home located in Orange County with nearby schools including Wallace R. Davis Elementary School, Sierra Preparatory Academy, 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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Ruben Khorsandi
Listing Agent
Ruben Khorsandi
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Alliance Investment RE Group
(657) 571-3253