NOT LISTED FOR SALE

601 N Eastwood Ave Santa Ana, CA 92701

4 Beds
4 Baths
2,480 Sq Ft
8,546 Sq Ft Lot

Last Sold November 27, 2019

Last sale price $875,000 $353 Per Sq Ft

29 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Neighborhood Views
  • Laundry Room

About This Home

As of November 2019

Great Value Add Opportunity! The building is located in a neighborhood consisting of similar properties and single family homes. It is a corner building at E 6th Street. OC Global Medical Center is within a couple miles. Easily access the 22, 55 and 5 freeways, making this central Orange County location ideal. The opportunity offers a unit mix w/ rental upside: All 1 Bed / 1 Bath units. Each unit has a single car garage plus one additional assigned parking spaces. Established neighborhood.

Last Agent to Sell the Property

Randy Combs

Gorman & Associates License #01930012 Listed on: 09/26/2019

Gorman & Associates

Last Buyer's Agent

Ezra Silva

Real Broker License #01336870

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 8,546 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,480 Sq Ft Home
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 7 / D
  • Tax Tract Number 344
  • Assessor Parcel Number 39837115

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $1,000
  • Insurance Expense $868
  • Maintenance Expense $5,000
  • Trash Expense $2,133
  • Water Sewer Expense $2,578
  • New Taxes Expense $9,757
  • Operating Expense $21,336
  • Gross Income $63,360
  • Net Operating Income $38,856

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.60
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 2578.00
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 39837115
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 352.82

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2133.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8546.00
  • Lot Size Acres: 0.1962

Multi Family

  • Gross Income: 63360.00
  • Gross Multiplier: 13.40
  • Gross Operating Income: 60192.00
  • Gross Scheduled Income: 63360.00
  • Gross Spendable Income: 63360.00
  • Insurance Expense: 868.00
  • Lot Size Area: 8546.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 38856.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21336.00
  • Rent Control: No
  • Total Actual Rent: 5280.00
  • Total Expenses: 21336.00
  • Vacancy Allowance: 3168

Tax Info

  • New Taxes Expense: 9757.00
  • Tax Block: D
  • Tax Census Tract: 744.06
  • Tax Lot: 7
  • Tax Tract Number: 344

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
11/27/2019 11/27/19 Sold $875,000 +2.9% $353 / Sq Ft
09/26/2019 09/26/19 For Sale $850,000 -- $343 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Randy Combs

    Gorman & Associates

    Section Image
  • Ezra Silva

    Buyer's Agent in 2019

    Ezra Silva

    Real Broker

    (949) 697-4512

    35 Total Sales

    Ezra Silva
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19235098

California Regional Multiple Listing Service (CRMLS)
California Orange County Santa Ana 92701

601 N Eastwood Ave, Santa Ana, CA

This home is located at 601 N Eastwood Ave, Santa Ana, CA 92701 since 26 September 2019. This property was built in 1946. 601 N Eastwood Ave is a home located in Orange County with nearby schools including Roosevelt-Walker Academy, Sierra Preparatory Academy, 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.

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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