NOT LISTED FOR SALE

3740 S Marine St Santa Ana, CA 92704

South Coast Metro Neighborhood
9 Beds
8 Baths
4,408 Sq Ft
7,841 Sq Ft Lot

Last Sold July 02, 2024

Last sale price $1,775,000 $403 Per Sq Ft

29 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Segerstrom High School Rated A-
  • Central Heating

About This Home

As of July 2024

Don’t miss this great investment opportunity for a quadraplex in the sought after Covington area of Santa Ana. This well-maintained building features four separate units, with garages and ample additional parking spaces. The property is located just minutes from the 405 & 55 freeways, beautiful SoCal beaches, and South Coast Plaza. All four of the units are currently occupied by excellent long-term tenants. Unit 1: 3 Bed 1.75 Bath single level with updated kitchen, fireplace in living room, and two car garage. Unit 2: 2 Bed 1.5 Bath on two levels (bedrooms up), granite counters in kitchen, and 1 car garage. Unit 3: 2 Bed 1.75 Bath single level, new light fixtures, 1 car garage. Unit 4: 2 Bed 1 Bath carriage unit above garages with private balcony. Three sides of the building have updated dual pane windows. All units have newer flooring, a combination of either carpet/wood or carpet/woodgrain tile planks. All units have newer heaters, and water heaters. The laundry room is furnished with a full-sized washer/dryer for each unit (total 4 sets). Each unit is metered separately for gas and electricity. There is 1 meter for water. Owner pays gas/elec for common areas and all water.

Last Agent to Sell the Property

Martha Karelius

@Vantage Real Estate Brokerage Phone: 9493787654 License #00632473 Listed on: 05/02/2024

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 5 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,408 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 6798
  • Assessor Parcel Number 41402224
  • $1,035 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $636
  • Fuel Expense $504
  • Gardener Expense $1,200
  • Insurance Expense $2,660
  • Trash Expense $3,636
  • Water Sewer Expense $2,382
  • Operating Expense $11,018
  • Gross Income $92,628
  • Net Operating Income $81,610

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 449750
  • Property Attached: No
  • Water Sewer Expenses: 2382.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 41402224
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 402.68
  • Room Type: Laundry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 3636.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Level
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800
  • Latitude Manual: 33.69669700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 636.00
  • Fuel Expense: 504.00
  • Gross Income: 92628.00
  • Gross Scheduled Income: 92628.00
  • Insurance Expense: 2660.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 81610.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 11018.00
  • Rent Control: Yes
  • Total Actual Rent: 7719.00
  • Total Expenses: 11018.00

Tax Info

  • Tax Census Tract: 741.06
  • Tax Lot: 19
  • Tax Tract Number: 6798
  • TaxOtherAnnualAssessmentAmount: 1035.00

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
07/02/2024 07/02/24 Sold $1,775,000 -1.3% $403 / Sq Ft
05/02/2024 05/02/24 For Sale $1,799,000 -- $408 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Martha Karelius

    Seller's Agent in 2024

    Martha Karelius

    @Vantage Real Estate

    (949) 378-7654

    1 in this area

    6 Total Sales

    Martha Karelius
    Section Image

  • N

    Buyer's Agent in 2024

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,908 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24088029

California Regional Multiple Listing Service (CRMLS)

APN: 414-022-24

California Orange County Santa Ana 92704 South Coast Metro

3740 S Marine St, Santa Ana, CA

This home is located at 3740 S Marine St, Santa Ana, CA 92704 since 02 May 2024. This property was built in 1969. 3740 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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