2809 S Baker St Santa Ana, CA 92707
Sunwood Central Neighborhood
8
Beds
8
Baths
3,963
Sq Ft
8,287
Sq Ft Lot
Highlights
- No Units Above
- Corner Lot
- No HOA
- Property is near a park
- Private Yard
- 4-minute walk to Segerstrom Triangle Park
About This Home
As of August 2024Minutes 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, laundry room and two open parking spaces an investor can purchase 2809 S Baker in combination with 2701, 2709, 2717, 2725, and 2729 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. Unit 2809 # A is current onsite manager for all 24 units. Rent is calculated at $1,415/month.
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, Broker Brokerage Phone: 562-260-0940 License #00919594 Listed on: 06/21/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 8,287 Sq Ft Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Corner Lot
- 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
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Location
- Property is near a park
- Suburban Location
Utilities
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 8
- Tax Tract Number 3680
- Assessor Parcel Number 41041206
- $1,035 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
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 $450
- Net Operating Income $33,584
Similar Home in Santa Ana, CA
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Home Values in the Area
Average Home Value in this Area
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
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
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
None MRML
(646) 541-2551
7 in this area
5,732 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24127380
APN: 410-412-06
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