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Listed by Albert Ricci • Ricci Realty
$1,995,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-25101465
Year Built 1946
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Great Value-Add opportunity in the renowned French Park neighborhood in Santa Ana. Located 1 block away from East Civic Center Drive. Be right in the action of the redevelopment going on in Downtown Santa Ana. This is a pair of fourplexes, one facing 506 Vance St and one facing 833 N Lacy. Both have a similar layout: eight one-bedroom floorplans with an eat-in kitchen, living room, and full bathroom. There are four ground-level units and four units on the second level, all with individual access. A third building houses the community/coin-op washer and dryer; the washer/dryer units are leased. Seven one-car garage spaces are available for tenant use; three face the alley towards the North East, and four face Vance St on the North West Side. The units' flooring is a combination of laminate tile and vinyl flooring, and countertops are tile.
Potential rents are $191,520 ($1,995 x8)
Actual rents are $139,392
Potential rents are $191,520 ($1,995 x8)
Actual rents are $139,392
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Interior
Laundry Laundry Equipment Own Lease, Community
Exterior
Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description 0-1 Unit/Acre
Others
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900