NOT LISTED FOR SALE

2725 S Baker St Santa Ana, CA 92707

Sunwood Central Neighborhood
8 Beds
8 Baths
3,963 Sq Ft
6,299 Sq Ft Lot

Last Sold August 30, 2024

Last sale price $1,225,000 $309 Per Sq Ft

55 Days on Market

Highlights

  • No Units Above
  • Private Yard
  • 4-minute walk to Segerstrom Triangle Park
  • Property is near a park
  • No HOA

About This Home

As of August 2024

Minutes from South Coast Plaza, this very desirable 4-unit apartment building of all two bedroom one and a half bath townhouse units. Featuring private patios, individual metering for gas and electricity, individual water heaters, four garages and two open parking spaces an investor can purchase 2725 S Baker in combination with 2701, 2709, 2717, 2729, and 2809 S Baker Street. Directly across the street from Saddleback High School the location is minutes from the 405 Freeway, South Coast Plaza, Segerstrom Center for the Arts and Cal Thornton Park. The South Coast Metro area is one of the most dynamic in Southern California.
With current rents approximately half of market, additional revenue upside exists through implementation of a RUBS program for water/sewer, garage rent, and/or adding at least one ADU unit, which could add as much as $33,000 a year to the income. When a unit turns over a renovation can add substantial rental income. Expenses are an average of all 24 units over a 12-month period of time.
This opportunity to acquire up to six 4-unit assets, covering an entire city block, in a low velocity market from long term owners is unique.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker Brokerage Phone: 562-260-0940 License #00919594 Listed on: 06/21/2024

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,299 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Private Yard
  • Density is 6-10 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,963 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Location

  • Property is near a park
  • Suburban Location

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 3680
  • Assessor Parcel Number 41041204
  • $3,350 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $608
  • Fuel Expense $486
  • Gardener Expense $1,400
  • Insurance Expense $2,460
  • Maintenance Expense $3,575
  • Trash Expense $4,219
  • Water Sewer Expense $2,241
  • New Taxes Expense $17,931
  • Operating Expense $32,920
  • Gross Income $73,020
  • Net Operating Income $40,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 381250
  • Property Attached: Yes
  • Water Sewer Expenses: 2241.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 41041204
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Ground Floor
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 309.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Sewer Paid
  • Trash Expense: 4219.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Park Nearby, Yard
  • Lot Size Sq Ft: 6299.00
  • Lot Size Acres: 0.1446
  • Latitude Manual: 33.70902500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 608.00
  • Fuel Expense: 486.00
  • Gross Operating Income: 73020.00
  • Gross Scheduled Income: 73020.00
  • Insurance Expense: 2460.00
  • Lot Size Area: 6299.0000 Square Feet
  • Maintenance Expense: 3575.00
  • Net Operating Income: 40100.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Operating Expense: 32920.00
  • Rent Control: Yes
  • Total Actual Rent: 6085.00
  • Total Expenses: 32920.00

Tax Info

  • New Taxes Expense: 17931.00
  • Tax Census Tract: 740.05
  • Tax Lot: 10
  • Tax Tract Number: 3680
  • TaxOtherAnnualAssessmentAmount: 3350.00

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
08/30/2024 08/30/24 Sold $1,225,000 -19.7% $309 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $1,525,000 -- $385 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Marcu

    Seller's Agent in 2024

    Mike Marcu

    Mike Marcu, Broker

    (562) 260-0940

    6 in this area

    19 Total Sales

    Mike Marcu
    Section Image

  • N

    Buyer's Agent in 2024

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    7 in this area

    5,734 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24127357

California Regional Multiple Listing Service (CRMLS)

APN: 410-412-04

California Orange County Santa Ana 92707 Sunwood Central

2725 S Baker St, Santa Ana, CA

This home is located at 2725 S Baker St, Santa Ana, CA 92707 since 21 June 2024. This property was built in 1961. 2725 S Baker St is a home located in Orange County with nearby schools including Washington Elementary School, McFadden Institute of Technology, and Saddleback 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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