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1524 N Sycamore Street, Santa Ana, CA

$1,995,000 - $2M Price - 6,773 Sqft - .29 Acres - 33 DOM

We are pleased to offer 1524-1530 N. Sycamore Street, an 8-unit apartment complex located in the heart of Santa Ana within an Opportunity Zone. Comprised of side-by-side four unit buildings on a single lot, 1524-1530 N. Sycamore Street is a well-maintained property with several recent capital improvements. The subject property boasts new windows, new garage doors, majority tile flooring in common areas and a major roof renovation. Tenants of the community enjoy private patios and balconies, individual water heaters and hard to find, washer and dryer hookups in each unit. Maybe the most appealing characteristic of this building is its close proximity to the best of what Santa Ana has to offer including Bowers Museum, Main Place Mall (w/city approved $300 million remodel planned), Orange County School of the Arts and the rapidly gentrifying Downtown Santa Ana stacked full of eclectic eateries and elevated dining, fantastic night life, shopping and a host of other activities. 1524-1530 N. Sycamore is attractively priced under $250,000 per unit and under $300 per sq.ft., well below the recent sales around Santa Ana. A new investor can immediately produce a respectable cash-flow with as little as a 35% down payment. An estimated 25% in rental upside will help enhance the returns in the coming years making this multi-family community a truly excellent investment opportunity.

Essential Information

For 1524 N Sycamore Street, Santa Ana, CA
  • MLS® # PW20014165
  • Price $1,995,000
  • Bathrooms 0.00
  • Square Footage 6,773
  • Acres 0.29
  • Year Built 1929
  • Type Residential Income
  • Status Active

Community Information

For 1524 N Sycamore Street, Santa Ana, CA
  • Address 1524 N Sycamore Street
  • Area Santa Ana North of First (70)
  • Subdivision Other (OTHR)
  • City Santa Ana
  • County Orange
  • State CA
  • Zip Code 92701

Amenities

For 1524 N Sycamore Street, Santa Ana, CA
  • Parking Spaces 16
  • # of Garages 8

Interior

For 1524 N Sycamore Street, Santa Ana, CA
  • Appliances None
  • # of Stories 2
  • Stories Two

Exterior

For 1524 N Sycamore Street, Santa Ana, CA
  • Lot Description 6-10 Units/Acre

Additional Information

For 1524 N Sycamore Street, Santa Ana, CA
  • Date Listed January 21st, 2020
  • Days on Market 33

Listing Details

For 1524 N Sycamore Street, Santa Ana, CA
  • Agent Rick Applebaum(01273871)
  • Office Morgan Skenderian

Based on information from California Regional Multiple Listing Service, Inc. as of February 24th, 2020 at 1:38pm PST. 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.