$2,820,000
$2,998,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/02/2017
Key Details
Sold Price $2,820,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Cannes Studios (Cnst)
MLS Listing ID WS16091310
Sold Date 02/02/17
HOA Y/N No
Year Built 1984
Property Description
Great investment with low maintenance in the city of Santa Ana, California. Total of sixteen
unit multifamily investment property. The property is conveniently situated in a mostly residential neighborhood adjacent to the cross street
of West Washington Avenue and North Durant Street. The area provides tenants with access to Santa Ana College, recreational areas, employment opportunities, and major retail shopping centers. Originally constructed in 1984, the property offers a simple unit mix of 100% large
studio units with every unit featuring a spacious balcony. The property has direct access to a secured and gated parking garage which includes a total of 18 parking spaces. Each tenant is given one parking space and the additional two parking spaces are currently being rented at $50 a month. The building is individually metered for gas and electricity.
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Laundry Room, Outside
Exterior
Garage Spaces 16.0
Garage Description 16.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected
Total Parking Spaces 16
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 3
Entry Level Three Or More
Water Public
Level or Stories Three Or More
Others
Senior Community No
Tax ID 39852121
Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Ronald Yu • Century 21 Award
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880 Roosevelt Suite 250, Irvine, California, 92620, United States