NOT LISTED FOR SALE

515 E Saint Andrew Place Santa Ana, CA 92707

Madison Park Neighborhood

Estimated Value: $4,219,646

34 Beds
34 Baths
336 Sq Ft
$12,558/Sq Ft Est. Value

Last Sold July 23, 2019

Last sale price $2,950,000 $8,780 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $25,943/month

87 Days on Market

Highlights

  • 23,849 Sq Ft lot
  • Laundry Facilities
  • 1-Story Property

About This Home

As of July 2019

Unique turnkey non-rent controlled trailer park in the City of Santa Ana, CA. The park consists of 34 park owned trailer units across 23,849 SF of land. The offering presents an amazing opportunity for an investor to acquire a strong cash-flowing asset with upside potential. In 2017, new gas and water systems were installed. The property is being offered at a 7 CAP on existing income, while representing just under $94,000 per trailer unit.

Last Agent to Sell the Property

Matt Lee

Lilly Enterprises, Inc. License #01881080 Listed on: 03/02/2019

Last Buyer's Agent

Matt Lee

Lilly Enterprises, Inc. License #01881080 Listed on: 03/02/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,532

Year Built

  • Built in 1943

Lot Details

  • 0.55 Acre Lot

Interior Spaces

  • 336 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 34 Bedrooms
  • 34 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Community Details

  • 34 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 014-092-04

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,532

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Saint Andrew Trailer Park
  • Living Area: 336
  • Stories: 1
  • Year Built: 1943
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 34
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 34.00
  • Den: 0
  • Price Per S Q F T: 9488.10

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 2
  • Total Parking: 2

Lot Info

  • Assessed Improvement Value: 119107
  • Assessed Land Value: 112881
  • Assessor Parcel Number: 014-092-04
  • Geocode Override: No
  • Lot Size Area: 23849

Rental Info

  • Land Lease Type: Fee
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 8.26
  • Number Of Units: 34
  • Rent Control: 0
  • Total Annual Expense: 144633
  • Type Of Units: Trailers
  • Vacancy Rate: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2019
Closed on
Jul 18, 2019
Sold by
Reasonable Rentals L P
Bought by
Tacoma Industries Llc
Seller's Agent
Matt Lee
Lilly Enterprises, Inc.
Buyer's Agent
Matt Lee
Lilly Enterprises, Inc.
List Price
$3,188,000
Sold Price
$2,950,000
Premium/Discount to List
-$238,000
-7.47%
Current Estimated Value
$4,219,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,269,646
Avg. Annual Appreciation
5.27%
Original Mortgage
$1,770,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 9, 2005
Sold by
Stauch Dorothy J
Bought by
Reasonable Rentals Lp
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tacoma Industries Llc $2,950,000 First American Title Ins Co
Reasonable Rentals Lp -- --
Sp Management Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tacoma Industries Llc $2,000,000
Closed Tacoma Industries Llc $1,770,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2019 07/23/19 Sold $2,950,000 -7.5% $8,780 / Sq Ft
03/02/2019 03/02/19 For Sale $3,188,000 -- $9,488 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $41,532 $3,226,254 $3,089,551 $136,703
2024 $41,532 $3,162,995 $3,028,972 $134,023
2023 $40,470 $3,100,976 $2,969,580 $131,396
2022 $39,979 $3,040,173 $2,911,353 $128,820
2021 $39,088 $2,980,562 $2,854,267 $126,295
2020 $39,129 $2,950,000 $2,825,000 $125,000
2019 $8,518 $241,359 $117,441 $123,918
2018 $8,340 $236,627 $115,138 $121,489
2017 $8,249 $231,988 $112,881 $119,107
2016 $8,128 $227,440 $110,668 $116,772
2015 $8,011 $224,024 $109,006 $115,018
2014 $7,864 $219,636 $106,871 $112,765
Source: Public Records

Agents Affiliated with this Home

  • Matt Lee

    Seller's Agent in 2019

    Matt Lee

    Lilly Enterprises, Inc.

    (310) 324-7400

    8 Total Sales

    Matt Lee
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Map

Source: The MLS

MLS Number: 19-439826

The MLS

APN: 014-092-04

California Orange County Santa Ana 92707 Madison Park

515 E Saint Andrew Place, Santa Ana, CA

This home is located at 515 E Saint Andrew Place, Santa Ana, CA 92707 since 02 March 2019 and is currently estimated at $4,219,646, approximately $12,558 per square foot. This property was built in 1943. 515 E Saint Andrew Place is a home located in Orange County with nearby schools including Edison Elementary School, Julia C. Lathrop Intermediate School, and Century 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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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