$2,175,000
SOLD AUG 20, 2015

1800 N Spurgeon St Santa Ana, CA 92706

Santa Ana Triangle Neighborhood
2 Beds
2 Baths
10,780 Sq Ft
9,300 Sq Ft Lot

Recently Sold

$202 Per Sq Ft

4% Below List Price

68 Days on Market

About This Home

As of August 2015

14 units in the city of Santa Ana. The property has been substantially rehabbed on the exterior as well as a majority of the interiors. The subject property, built in 1984 is a well located property with 14 residential units located north of 17th Street and east of Main Street in the city of Santa Ana, two blocks from the 5 freeway. The subject property consists of (6) 1BR/1BA-Jr.* & (8) 1BR/1BA** units, Patios/Balconies, Covered Parking, Wall A/C, Individual Water Heaters, laundry facilities. *A junior 1BR/1BA unit is legally a studio unit and many have a partition dividing the living area from the bedroom area. **A wall has been added without permit to create a 1BR/1BA.

Last Agent to Sell the Property

Jay Skenderian

Morgan Skenderian License #01220368 Listed on: 03/13/2015

Last Buyer's Agent

Rick Applebaum

Morgan Skenderian License #01273871

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 9,300 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 14 Car Garage

Home Design

  • 10,780 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 524
  • Assessor Parcel Number 00314111

Community Details

Overview

  • 14 Units

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $2,713
  • Maintenance Expense $13,939
  • Other Expense $1,210
  • Trash Expense $8,304
  • Water Sewer Expense $8,304
  • New Taxes Expense $28,331
  • Gross Income $14,620
  • Net Operating Income $103,176

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Parking

14

Listing Details

  • CapRate: 4.50
  • Property Attached: Yes
  • Water Sewer Expenses: 8304.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 00314111
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 201.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 8304.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 9300.00
  • Price Per Lot Square Foot: 233.87
  • Lot Size Acres: 0.2130

Multi Family

  • Gross Income: 14620.00
  • Gross Multiplier: 12.97
  • Gross Scheduled Income: 175440.00
  • Insurance Expense: 2713.00
  • Lot Size Area: 9300.0000 Square Feet
  • Maintenance Expense: 13939.00
  • Maintenance Percent: 8.00
  • Net Operating Income: 103176.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 67001.00
  • Operating Expense Percent: 38.20
  • Other Expense: 1210.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 14220.00
  • Vacancy Allowance: 5263
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28331.00
  • Tax Lot: 2
  • Tax Tract Number: 524

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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
08/20/2015 08/20/15 Sold $2,175,000 -4.4% $202 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
03/13/2015 03/13/15 For Sale $2,275,000 +46.8% $211 / Sq Ft
07/17/2013 07/17/13 Sold $1,550,000 -4.0% $144 / Sq Ft
06/10/2013 06/10/13 Pending -- -- --
11/15/2012 11/15/12 For Sale $1,615,000 -- $150 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jay Skenderian

    Seller's Agent in 2015

    Jay Skenderian

    Morgan Skenderian

    (949) 251-8800

    18 Total Sales

    Jay Skenderian
    Section Image
  • Rick Applebaum

    Buyer's Agent in 2015

    Rick Applebaum

    Morgan Skenderian

    (949) 251-8800

    64 Total Sales

    Rick Applebaum
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15053328

California Regional Multiple Listing Service (CRMLS)

APN: 003-141-11

California Orange County Santa Ana 92706 Santa Ana Triangle

1800 N Spurgeon St, Santa Ana, CA

This home is located at 1800 N Spurgeon St, Santa Ana, CA 92706 and is currently priced at $2,175,000, approximately $201 per square foot. This property was built in 1984. 1800 N Spurgeon St is a home located in Orange County with nearby schools including Sierra Preparatory Academy, Santa Ana High School, and El Sol Santa Ana Science And Arts Academy.

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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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