NOT LISTED FOR SALE

620 E Pine St Santa Ana, CA 92701

Pacific Park Neighborhood
8 Beds
6 Baths
4,671 Sq Ft
6,534 Sq Ft Lot

Last Sold September 10, 2021

Last sale price $1,850,000 $396 Per Sq Ft

50 Days on Market

Highlights

  • Automatic Gate
  • Cathedral Ceiling
  • No HOA
  • Open Floorplan
  • Main Floor Bedroom
  • Neighborhood Views

About This Home

As of September 2021

Great Opportunity to own a Six-unit multifamily apartment complex, in Santa Ana. This complex has low turnover and produces immediate cash flow, perfect for new investors. Featuring 2 spacious 2-bed /1 bath units, and 4, 1-bed /1 bath units, each unit has it's own private patio. On-site laundry facility, and Tuck-under gated parking with a secure electronic security gate. Walking distance to recently renovated Santa Ana Historic District, featuring restaurants, entertainment, shopping, easy access to public transit and schools. Close proximity to the 5 & 55 freeways, employment, area shopping malls, and just a few miles to the City of Tustin, makes this an ideal location for renters. This is an opportunity you won't want to miss.

Last Agent to Sell the Property

Shelly Hilliard

Coldwell Banker Realty License #01968101 Listed on: 05/27/2021

Coldwell Banker Realty

Last Buyer's Agent

Justin White

Justin White License #01267826

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 6,534 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 4,671 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Screens
  • Sliding Doors
  • Living Room
  • Living Room Balcony
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas and Electric Range
  • Tile Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • 6 Bathrooms

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 8 Car Garage
  • 8 Carport Spaces
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Automatic Gate

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 3 / C
  • Tax Tract Number 312
  • Assessor Parcel Number 40407503

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $333
  • Fuel Expense $1,831
  • Insurance Expense $2,150
  • Maintenance Expense $4,386
  • Trash Expense $1,623
  • Water Sewer Expense $2,689
  • New Taxes Expense $19,000
  • Operating Expense $32,012
  • Gross Income $2,160
  • Net Operating Income $89,042

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Security Lights, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2689.00
  • Zoning: R3
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 40407503
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Formica Counters, Living Room Balcony, Open Floorplan, Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 396.06
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Covered, Garage Faces Front, Gated, Side by Side
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1623.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 333.00
  • Fuel Expense: 1831.00
  • Gross Income: 2160.00
  • Gross Multiplier: 15.28
  • Gross Operating Income: 121054.00
  • Gross Scheduled Income: 121320.00
  • Insurance Expense: 2150.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2160.00
  • Lot Size Area: 6534.0000 Square Feet
  • Maintenance Expense: 4386.00
  • Net Operating Income: 89042.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Patio: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 32012.00
  • Rent Control: Yes
  • Total Actual Rent: 10110.00
  • Total Expenses: 32012.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 19000.00
  • Tax Block: C
  • Tax Census Tract: 746.02
  • Tax Lot: 3
  • Tax Tract Number: 312

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
09/10/2021 09/10/21 Sold $1,850,000 0.0% $396 / Sq Ft
05/27/2021 05/27/21 For Sale $1,850,000 +94.7% $396 / Sq Ft
04/16/2015 04/16/15 Sold $950,000 -2.5% $203 / Sq Ft View Prior Sale
03/04/2015 03/04/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $974,000 -- $209 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shelly Hilliard

    Seller's Agent in 2021

    Shelly Hilliard

    Coldwell Banker Realty

    (714) 580-4500

    3 in this area

    60 Total Sales

    Shelly Hilliard
    Section Image
  • Justin White

    Buyer's Agent in 2021

    Justin White

    Justin White

    (714) 231-2537

    1 in this area

    44 Total Sales

    Justin White
    Section Image

  • L

    Seller's Agent in 2015

    Liliana Saremi

    TGR Realty, Inc.

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21114235

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

620 E Pine St, Santa Ana, CA

Not Listed for Sale

MultiFamily

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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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