NOT LISTED FOR SALE

1806 N Spurgeon St Santa Ana, CA 92706

Santa Ana Triangle Neighborhood
3 Beds
4 Baths
14,526 Sq Ft
0.26 Acres

Last Sold May 11, 2021

Last sale price $3,800,000 $262 Per Sq Ft

3 Days on Market

About This Home

As of May 2021

Great investment opportunity in Santa Ana. This 20 units apartment has been under long-term ownership with professional management for over 20 years. This easy-to-manage property is secured by electronic gate opener. First floor of the building is parking space and all the units are on 2nd and 3rd floor. This wonderful apartment is located in the heart of orange county, with easy access to the 5 freeway and close to public transportation, shopping, restaurants, and markets. All units are individually metered for both gas and electricity, with own parking spot in the garage. Great unit mix with 4 units 2beds/2 baths, 4 units 1 bed/1 bath, and 12 units studio. There are many long-term tenants, rent are very low with huge upside potential.

Last Agent to Sell the Property

Alex Yang

Summit Mortgage & Realty License #01083400 Listed on: 04/18/2021

Last Buyer's Agent

Mike Marcu

Mike Marcu, Broker License #00919594

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls

Home Design

  • Apartment

Interior Spaces

  • 14,526 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Parking

  • 25 Parking Spaces
  • 25 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 524
  • Assessor Parcel Number 00314143

Community Details

Overview

  • 20 Units

Building Details

  • Rent Control
  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,003
  • Fuel Expense $870
  • Insurance Expense $5,385
  • Professional Management Expense $12,310
  • Trash Expense $4,259
  • Water Sewer Expense $8,482
  • New Taxes Expense $17,763
  • Operating Expense $84,737
  • Gross Income $249,264
  • Net Operating Income $164,527

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • CapRate: 3.67
  • Professional Management Expense: 12310.00
  • Property Attached: Yes
  • Subdivision Name Other: Santa Ana Triangle
  • Water Sewer Expenses: 8482.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 00314143
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 261.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 25.00
  • Total Parking Spaces: 25.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 4259.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11208.00
  • Lot Size Acres: 0.2573

Multi Family

  • Electric Expense: 2003.00
  • Fuel Expense: 870.00
  • Gross Income: 249264.00
  • Gross Multiplier: 15.24
  • Gross Scheduled Income: 249264.00
  • Insurance Expense: 5385.00
  • Lot Size Area: 11208.0000 Square Feet
  • Net Operating Income: 164527.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 84737.00
  • Rent Control: Yes
  • Total Actual Rent: 21960.00
  • Total Expenses: 84737.00

Tax Info

  • New Taxes Expense: 17763.00
  • Tax Census Tract: 750.04
  • Tax Lot: 6
  • Tax Tract Number: 524

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2021 05/11/21 Sold $3,800,000 0.0% $262 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/20/2021 04/20/21 Price Changed $3,800,000 +9.2% $262 / Sq Ft
04/18/2021 04/18/21 For Sale $3,480,000 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Alex Yang

    Summit Mortgage & Realty

    Section Image
  • Mike Marcu

    Buyer's Agent in 2021

    Mike Marcu

    Mike Marcu, Broker

    (562) 260-0940

    1 in this area

    19 Total Sales

    Mike Marcu
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR21081726

California Regional Multiple Listing Service (CRMLS)

APN: 003-141-43

California Orange County Santa Ana 92706 Santa Ana Triangle

1806 N Spurgeon St, Santa Ana, CA

This home is located at 1806 N Spurgeon St, Santa Ana, CA 92706 since 18 April 2021. This property was built in 1984. 1806 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.

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

Nearby Homes