Seller's Agent in 2021
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
1 in this area
30 Total Sales
311 E Pine St Santa Ana, CA 92701
Pacific Park Neighborhood
5
Beds
4
Baths
20,525
Sq Ft
0.4
Acres
Highlights
- 0.4 Acre Lot
- Subterranean Parking
- Laundry Room
- Property is near public transit
About This Home
As of November 2021The Park Town Luxury Townhomes are located in the City of Santa Ana, one of the strongest rental markets in Southern California. The City of Santa Ana is a historic city with a vibrant downtown located in Orange County.
Built in 1987, the subject property offers a unit mix consisting of (6) three-bedroom/ two-bathroom units and (13) two-bedroom/ two-bathroom townhouse-style units totaling 20,525 square feet, situated over a 17,493 square foot lot. The subject property has recently gone through an extensive $350K exterior and interior renovation. Some upgrades include but are not limited to new roofs, new flooring, new kitchens, updated bathrooms, new windows, new plumbing, and new decking. Some tenant amenities include a large courtyard, gated security access, ample on-site subterranean parking, elevator access, and in-unit washer & dryer hookups.
This offering represents a rare opportunity for an investor to achieve a 4.6% CAP Rate and 8% Total Return on current income for a stable, turnkey investment property in the desirable rental market of Santa Ana, California.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01365951 Listed on: 08/12/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 0.4 Acre Lot
- No Common Walls
Parking
- 40 Car Garage
- Subterranean Parking
- Parking Available
Home Design
- 20,525 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 11772
- Assessor Parcel Number 40409319
- $4,583 per year additional tax assessments
Community Details
Overview
- 19 Units
Building Details
- Rent Control
- 19 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $7,893
- Insurance Expense $4,047
- Professional Management Expense $20,160
- Trash Expense $7,893
- Water Sewer Expense $7,895
- New Taxes Expense $89,614
- Operating Expense $158,581
- Gross Income $521,280
- Net Operating Income $347,060
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
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2021 11/19/21 | Sold | $7,500,000 | -0.3% | $365 / Sq Ft |
| 09/01/2021 09/01/21 | Pending | -- | -- | -- |
| 08/12/2021 08/12/21 | For Sale | $7,525,000 | -- | $367 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Greg Bassirpou
-
Rick Applebaum
Buyer's Agent in 2021
Rick Applebaum
Morgan Skenderian
(949) 251-8800
4 in this area
67 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21178404
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.
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
- 223 S Orange Ave
- 201 S Orange Ave
- 120 E Pine St
- 450 E 4th St Unit 237
- 450 E 4th St Unit 207
- 450 E 4th St Unit 107
- 709 E Chestnut Ave
- 101 S Birch St
- 435 S Ross St
- 926 E Pine St
- 720 N Lacy St Unit E
- 835 & 836 N Patron St
- 830 & 836 N Patron St
- 629 N Garfield St
- 600 W 3rd Street B W Unit 107
- 600 W 3rd St Unit B211
- 600 W 3rd St Unit A115
- 600 W 3rd St Unit A208
- 600 W 3rd St Unit B116
- 806 N Lacy St
- 217 S Orange Ave
- 207 S Orange Ave
- 316 E Walnut St
- 312 E Walnut St
- 301 S Orange Ave
- 312 E Pine St
- 320 E Walnut St
- 316 E Pine St
- 301 E Pine St
- 329 E Pine St
- 318 E Walnut St Unit B
- 310 E Walnut St
- 324 E Pine St
- 324 E Walnut St
- 303 S Orange Ave
- 328 E Pine St
- 335 E Pine St
- 328 E Walnut St
- 332 E Pine St
- 311 S Orange Ave