NOT LISTED FOR SALE
8 Beds
8 Baths
3,734 Sq Ft
0.29 Acres

Last Sold June 01, 2015

Last sale price $1,150,000 $308 Per Sq Ft

66 Days on Market

Highlights

  • 0.29 Acre Lot
  • Landscaped
  • Level Lot
  • Lawn

About This Home

As of June 2015

Pleased to present this garden style eight unit complex, comprised of one eight unit parcel. The two building complex is 100% single story contruction with raised foundations and slightly pitched roofs. Built in 1951, the buildings are separately metered for gas and electric with 10 open parking spaces.

The property is located near the intersection of W 17th St and N Flower St in North Santa Ana. The building is located less than a mile from downtown Santa Ana, the Civic Center, Federal Courthouse, and Superior Courts. The property is half a mile from the I-5 and 17th St exit in a desirable location given its close proximity to the retail, shopping and employment opportunities nearby.

Last Agent to Sell the Property

Jason Kirklen

Kirklen Investment Group License #01939655 Listed on: 03/10/2015

Co-Listed By

Mark Bridge

Mark Bridge, Broker License #01316702

Last Buyer's Agent

Damien Breaux

Morgan Skenderian License #01460301

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.29 Acre Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Landscaped
  • Level Lot
  • Sprinklers on Timer
  • Lawn
  • Front Yard
  • Density is 16-20 Units/Acre

Home Design

  • 3,734 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, grounds care
  • Tax Lot 51
  • Tax Tract Number 111
  • Assessor Parcel Number 00511151

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 9 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $6,000
  • Pest Control $400
  • Trash Expense $2,400
  • Water Sewer Expense $2,572
  • New Taxes Expense $13,989
  • Gross Income $7,075
  • Net Operating Income $55,735

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • CapRate: 4.74
  • Price Per Unit: 146875
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Civic Center Plaza (CVCP)
  • Water Sewer Expenses: 2572.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 00511151
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 307.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 400.00
  • Sewer: Sewer Paid
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Lot Features: 16-20 Units/Acre, Front Yard, Lawn, Landscaped, Level with Street, Sprinklers Timer, Sprinkler System
  • Lot Size Sq Ft: 12632.00
  • Lot Size Acres: 0.2900

Rental Info

  • Tenant Pays: Electricity, Grounds Care

Multi Family

  • Average1 Bed Area: 467
  • Gross Income: 7075.00
  • Gross Scheduled Income: 86400.00
  • Gross Spendable Income: 55735.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 12632.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 55735.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 9
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 28073.00
  • Operating Expense Percent: 34.00
  • Rent Control: No
  • Total Actual Rent: 7075.00
  • Vacancy Allowance: 2592
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13989.00
  • Taxes Percent: 1.12
  • Tax Lot: 51
  • Tax Tract Number: 111
  • Tax Year: 2014

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
06/01/2015 06/01/15 Sold $1,150,000 -4.2% $308 / Sq Ft
05/15/2015 05/15/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $1,200,000 -- $321 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15050273

California Regional Multiple Listing Service (CRMLS)