Perfect investment opportunity located in desirable prime location of Santa Ana with a performa cap rate of 5.97% (based on performa rent and actual 2018 expenses). This two story building has been well maintained, has low expenses, and is occupied by established residents, some for more than 20 years. This 19 unit building is comprised of a very desirable unit mix of 3- Studios, 12- 1 bed/ 1 bath, and 4 - 2 bed/1 bath that has total rentable square footage of approximately 13,950 and lot size of 12,197 square feet on a corner lot. Property consists of on-site laundry facility, 4 garages and 10 additional parking for tenants, as well as 6 street permit parking through the city. *Highly Motivated Seller*
Based on information from California Regional Multiple Listing Service, Inc. as of June 4th, 2020 at 2:02pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.