Eduardo Franco
ALTICORE REALTY
(951) 441-3688
123 Total Sales
1 in Pacific Park
$680,000 Price
409 E Pine St Santa Ana, CA 92701
Pacific Park Neighborhood
3
Beds
2
Baths
10,200
Sq Ft
0.32
Acre Lot
About This Home
As of August 2020We are pleased to offer 409-415 E. Pine Street, a 12-unit apartment investment opportunity located in the highly desirable rental market of Santa Ana. Built in 1983 and comprised of 1 & 2 bedroom units, the majority of them being 2 bedrooms. This low turnover asset operates extremely smoothly allowing a new investor to immediately produce cash flow with as little as a 35% down payment but still has exceptional upside potential through continued improvement of the interiors and the ability to increase rents. Nestled along a tree line street, the Pine Street apartments are ideally located within walking distance to the vibrant Downtown Santa Ana Historic District, recently re-imagined with over $150 million in upgrades bringing food halls, shopping, entertainment and new energy to the district with a perfect balance of old and new. Additionally, this property is located just over 2 miles to the City of Tustin, and close proximity to shopping malls, major employment & freeways offering ease of access to the best parts of the surrounding neighborhoods. All these attributes equate to a healthy supply of renters and long term tenants. Furthermore, the property is located within an “Opportunity-Zone” offering additional tax advantages for upgrading the property making 409-415 E. Pine Street a sound investment for years to come.
Last Agent to Sell the Property
Morgan Skenderian License #01273871 Listed on: 07/21/2020
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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1983
Lot Details
- 14,000 Sq Ft Lot
- No Common Walls
- Density is 11-15 Units/Acre
- 404-086-10
Interior Spaces
- 10,200 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 12 Parking Spaces
- 12 Carport Spaces
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 9 / E
- Tax Tract Number 568
- Assessor Parcel Number 40408609
Community Details
Overview
- 2 Buildings
- 12 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 13 Separate Electric Meters
- 13 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $3,570
- Maintenance Expense $13,732
- Other Expense $15,467
- New Taxes Expense $36,105
- Operating Expense $73,748
- Gross Income $2,400
- Net Operating Income $137,518
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2020
Closed on
Aug 19, 2020
Sold by
Bought by
Seller's Agent
Rick Applebaum
Morgan Skenderian
Buyer's Agent
Mike Ferraiz
The Kennedy Group
List Price
$3,200,000
Sold Price
$3,100,000
Premium/Discount to List
-$100,000
-3.12%
Purchase Details
Listed on
Mar 6, 2014
Closed on
Apr 24, 2014
Sold by
Bought by
Seller's Agent
Pat Swanson
Pat Swanson
Buyer's Agent
Pat Swanson
Pat Swanson
List Price
$949,000
Sold Price
$949,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.63%
Original Mortgage
$1,275,000
Interest Rate
4.28%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Sep 18, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,750
Interest Rate
6.61%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 24, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,060,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 21, 2000
Sold by
Bought by
Purchase Details
Closed on
Jun 21, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Pacific Park, CA
-
Eduardo Franco
-
David George
David George
Compass
(657) 315-1617
80 Total Sales
1 in Pacific Park
$435,000 Price
-
Luis Anaya
Luis Anaya
Keller Williams Legacy
(949) 771-8980
45 Total Sales
2 in Pacific Park
$1,370,000 Price Range
-
Jennifer Thomas
Jennifer Thomas
Seven Gables Real Estate
(949) 468-3483
78 Total Sales
1 in Pacific Park
$625,000 Price
-
Andro Chavez
Andro Chavez
Re/Pro Realty
(657) 366-5303
119 Total Sales
4 in Pacific Park
$700K - $925K Price Range
-
Elizabeth Do
Elizabeth Do
Responds QuicklyKeller Williams Realty
(657) 315-6764
659 Total Sales
3 in Pacific Park
$635K - $670K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,100,000 | Ticor Title Company | ||
| $1,898,000 | Commonwealth Land Title Co | ||
| -- | Fidelity National Title Co | ||
| $1,800,000 | Title Court Service Inc | ||
| -- | Investors Title Company | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,275,000 | ||
| Previous Owner | $536,750 | ||
| Previous Owner | $1,060,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/26/2020 08/26/20 | Sold | $3,100,000 | -3.1% | $304 / Sq Ft | |
| 08/17/2020 08/17/20 | Pending | -- | -- | -- | |
| 07/21/2020 07/21/20 | For Sale | $3,200,000 | +237.2% | $314 / Sq Ft | |
| 05/06/2014 05/06/14 | Sold | $949,000 | 0.0% | $186 / Sq Ft | View Prior Sale |
| 03/14/2014 03/14/14 | Pending | -- | -- | -- | |
| 03/06/2014 03/06/14 | For Sale | $949,000 | -- | $186 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $20,438 | $1,711,324 | $1,155,664 | $555,660 |
| 2025 | $20,438 | $1,677,769 | $1,133,004 | $544,765 |
| 2024 | $19,905 | $1,644,872 | $1,110,788 | $534,084 |
| 2023 | $19,412 | $1,612,620 | $1,089,008 | $523,612 |
| 2022 | $19,208 | $1,581,000 | $1,067,654 | $513,346 |
| 2021 | $18,761 | $1,550,000 | $1,046,719 | $503,281 |
| 2020 | $13,482 | $1,063,728 | $560,447 | $503,281 |
| 2019 | $13,229 | $1,042,871 | $549,458 | $493,413 |
| 2018 | $12,737 | $1,022,423 | $538,684 | $483,739 |
| 2017 | $12,629 | $1,002,376 | $528,122 | $474,254 |
| 2016 | $12,383 | $982,722 | $517,767 | $464,955 |
| 2015 | $12,226 | $967,961 | $509,990 | $457,971 |
| 2014 | $11,153 | $872,331 | $592,313 | $280,018 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Applebaum
Seller's Agent in 2020
Rick Applebaum
Morgan Skenderian
(949) 251-8800
4 in this area
77 Total Sales
-
Paul Espinosa
Seller Co-Listing Agent in 2020
Paul Espinosa
Morgan Skenderian
(714) 206-2688
2 in this area
43 Total Sales
-
Mike Ferraiz
M
Buyer's Agent in 2020
Mike Ferraiz
The Kennedy Group
(714) 598-4818
6 Total Sales
-
Pat Swanson
Seller's Agent in 2014
Pat Swanson
Pat Swanson
(213) 864-2862
55 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20144226
APN: 404-086-09
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
- 300 E Chestnut Ave
- 620 E Pine St
- 116 S Orange Ave
- 512 S Maple St
- 701 E Chestnut Ave
- 709 E Chestnut Ave
- 626 E 3rd St
- 502 E Camile St
- 450 E 4th St Unit 103
- 450 E 4th St Unit 416
- 450 E 4th St Unit 322
- 603 S Orange Ave
- 223 N Bush St Unit 44
- 2104 Lacy Crossing Dr
- 923 E 2nd St
- 916 E 3rd St
- 919 E 2nd St
- 726 S Oak St
- 254 N Standard Ave
- 924 E 3rd St
Your Personal Tour Guide
Ask me questions while you tour the home.