NOT LISTED FOR SALE

3708 S Marine St Santa Ana, CA 92704

South Coast Metro Neighborhood
7 Beds
5 Baths
4,353 Sq Ft
7,875 Sq Ft Lot

Last Sold November 04, 2019

Last sale price $1,485,000 $341 Per Sq Ft

13 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • No HOA
  • Segerstrom High School Rated A-
  • Private Yard
  • Neighborhood Views

About This Home

As of November 2019

Very rare offering of a Covington-style fourplex with an outstanding South Coast Metro Area location. Located in Santa Ana in an approximately 107-parcel multi-family development which is adjacent to the city of Costa Mesa. South Coast Plaza is 3/4 mile to the SE. With in excess of $1.5 billion in yearly sales, this retail mall has the highest sales volume in the U.S. Orange Coast College, the OC Fairgrounds, John Wayne Airport and the headquarters of Calvary Chapel--Costa Mesa are all within a short drive from the property.

The property consists of a single building which has a one-story, 3 BDR/1.75 BA unit in the front and three 2 BDR units in the two-story rear portion of the bulding. All units have individual water heaters and private yards or balconies. The building was constructed in 1968. There are four individual garage spaces plus five uncovered tandem spaces, all accessed from a rear alley. The 3 BDR units in this complex were designed to be desirable for owner occupancy and are very spacious, with a pitched roof and fireplace. As a result, these buildings are rarely offered for sale. There were no reported sales in this development in 2018 and the only reporsted 2019 sale was of two adjacent fourplexes which were master-leased to one party.

The property is fully-occupied with month-to-month tenancies. The lease rates are significantly below market. The property is owned by an estate that is liquidating its portfolio of properties.

Last Agent to Sell the Property

Carl Reinhart

Carl Reinhart, Broker License #00647355 Listed on: 09/07/2019

Last Buyer's Agent

Amy Bailey

Drouin Realty License #02069138

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 7,875 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Garden
  • Front Yard
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Direct Access Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Side by Side Parking
  • Tandem Uncovered Parking
  • Single Garage Door
  • Driveway
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,353 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Window Screens
  • Neighborhood Views
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • 220 Volts In Laundry

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Tax Tract Number 6690
  • Assessor Parcel Number 41402204

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,400
  • Maintenance Expense $3,200
  • Other Expense $1,000
  • Professional Management Expense $2,990
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $16,512
  • Operating Expense $28,502
  • Gross Income $75,900
  • Net Operating Income $46,259

Property Details

Home Type

Multi-Family

Year Built

Built in 1968 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Other Phone Description: (714) 404-8020
  • Other Phone Number: (714) 404-80
  • Professional Management Expense: 2990.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Covington-style fourplexes
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Ranch
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 41402204
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Formica Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 341.14
  • Room Type: Kitchen, Laundry
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Exterior Features: Satellite Dish
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Asphalt, Paved, Garage, Garage Faces Rear, Garage - Single Door, Off Street, Parking Space, Private, Side by Side, Tandem Uncovered, Uncovered
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Free-Standing Range, Disposal, Gas & Electric Range, Gas Oven, Gas Range, Gas Water Heater, Water Heater
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: In Garage, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Corner Lot, Front Yard, Garden, Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Yard
  • Lot Size Sq Ft: 7875.00
  • Lot Size Acres: 0.1808

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1400 Square Feet
  • Gross Income: 75900.00
  • Gross Operating Income: 74761.00
  • Gross Scheduled Income: 75900.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 7875.0000 Square Feet
  • Maintenance Expense: 3200.00
  • Maintenance Percent: 4.20
  • Net Operating Income: 46259.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 28502.00
  • Other Expense: 1000.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 6325.00
  • Total Expenses: 28502.00
  • Vacancy Allowance: 1139
  • Vacancy Allowance Rate: 1.50

Tax Info

  • New Taxes Expense: 16512.00
  • Tax Census Tract: 741.06
  • Tax Lot: 2
  • Tax Tract Number: 6690

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
11/04/2019 11/04/19 Sold $1,485,000 -0.7% $341 / Sq Ft
09/07/2019 09/07/19 For Sale $1,495,000 -- $343 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Carl Reinhart

    Carl Reinhart, Broker

    (714) 404-8020

    14 Total Sales

    Section Image

  • A

    Buyer's Agent in 2019

    Amy Bailey

    Drouin Realty

    (714) 731-9200

    18 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19214776

California Regional Multiple Listing Service (CRMLS)

APN: 414-022-04

California Orange County Santa Ana 92704 South Coast Metro

3708 S Marine St, Santa Ana, CA

This home is located at 3708 S Marine St, Santa Ana, CA 92704 since 07 September 2019. This property was built in 1968. 3708 S Marine St is a home located in Orange County with nearby schools including Greenville Fundamental Elementary School, McFadden Institute of Technology, and Segerstrom 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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