NOT LISTED FOR SALE
5 Beds
3 Baths
2,141 Sq Ft
6,012 Sq Ft Lot

Last Sold April 28, 2021

Last sale price $950,000 $444 Per Sq Ft

35 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System
  • Double Pane Windows
  • Tile Flooring
  • Redwood Fence

About This Home

As of April 2021

Great opportunity to purchase an attractive duplex in the trendy Park Santiago neighborhood of Santa Ana. 905-907 East 18th Street was built in 1972 and features a 3 bed 2 bath townhome (front unit) and a 2 bed 1 bath (rear unit). Amenities for each apartment that have lead to long term tenancy through the years include enclosed back yards, attached garages with private entrances, central AC & heat, laundry hookups and a 3:1 parking ratio. The building was updated with new windows in 2020 and has a newer tin roof and siding. The 3 bedroom has ceramic tile and laminate wood plank flooring throughout and the master bedroom shower was recently redone with floor to ceiling contemporary tile work. The 2 bedroom has ceramic tile flooring and the kitchen cabinets and countertop were replaced about 5 years ago. The subject property sits at the end of a cul-de-sac street and is backed by Park Santiago homes selling for $700K or more. This asset will continue to appreciate as the location will be sought after for tenants and buyers for years to come with its close proximity to jobs, entertainment, freeways and retail. THE 2 BEDROOM APARTMENT CAN BE DELIVERED VACANT AT THE CLOSE OF ESCROW.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian License #01488586 Listed on: 02/25/2021

Last Buyer's Agent

Ernie Vique

Land Pacific Realty License #01366226

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 6,012 Sq Ft Lot
  • 1 Common Wall
  • Redwood Fence
  • New Fence
  • Level Lot
  • Sprinklers on Timer

Parking

  • 3 Car Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Side Facing Garage

Home Design

  • Property Attached
  • Slab Foundation
  • Metal Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 2,141 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room with Fireplace

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 7677
  • Assessor Parcel Number 39609112

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,000
  • Maintenance Expense $2,474
  • Water Sewer Expense $1,800
  • New Taxes Expense $10,735
  • Operating Expense $18,205
  • Gross Income $51,000
  • Net Operating Income $31,265

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 39609112
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 443.72
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: New Condition, Redwood
  • Pool Private: No
  • Roof: Metal
  • Construction Materials: Stucco, Vinyl Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Side
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Sprinklers Timer
  • Lot Size Sq Ft: 6012.00
  • Lot Size Acres: 0.1380
  • Latitude Manual: 33.76171200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 51000.00
  • Gross Operating Income: 49470.00
  • Gross Scheduled Income: 51000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6012.0000 Square Feet
  • Maintenance Expense: 2474.00
  • Maintenance Percent: 55.00
  • Net Operating Income: 31265.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 18205.00
  • Operating Expense Percent: 35.70
  • Rent Control: No
  • Total Actual Rent: 4250.00
  • Total Expenses: 18205.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10735.00
  • Tax Census Tract: 754.01
  • Tax Lot: 8
  • Tax Tract Number: 7677
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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
04/28/2021 04/28/21 Sold $950,000 0.0% $444 / Sq Ft
02/25/2021 02/25/21 For Sale $950,000 -- $444 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,762 $1,028,309 $865,945 $162,364
2024 $11,762 $1,008,147 $848,966 $159,181
2023 $11,476 $988,380 $832,320 $156,060
2022 $11,363 $969,000 $816,000 $153,000
2021 $5,489 $447,191 $319,033 $128,158
2020 $5,499 $442,606 $315,762 $126,844
2019 $5,393 $433,928 $309,571 $124,357
2018 $5,190 $425,420 $303,501 $121,919
2017 $5,146 $417,079 $297,550 $119,529
2016 $5,046 $408,901 $291,715 $117,186
2015 $4,982 $402,759 $287,333 $115,426
2014 $4,896 $394,870 $281,705 $113,165
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21039379

California Regional Multiple Listing Service (CRMLS)

APN: 396-091-12

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