A great long term holding investment for someone looking for a very well built quality 5,350 sq ft complex begun in 1988 with 6 units and 14 parking spaces,12 of which are under and along side of the units.
There is a requirement THAT four ( 4) of the units (2- 1bd for seniors & 2- 3bd) are to be reserved for holders of certificates under the Section 8 Program, which has allowed rents close to fair market rents which are Currently aprx $1,800 and up to $1,950 for Market rents&$1,150 for the 1 bd. The other 2 are NOT subject to ANY restrictions and Open to be rented for any market rent. The owners have a 20+yr experience relationship with the sec 8 program under the Santa Ana Housing Authority and find them very fair with comparable rents and ADJUSTMENTS to those when they are able through the years.
6,693 Sq Ft makes for large units with a very spacious 12,000+ sq ft lot with 14 parking spaces for 6 units. Nice Yards and Gardens &walkways. With adjustments to market rents for the TWO 3bd 2ba units &for the allowable SA Housing rents for TWO 3bd 2ba , cld be 11.5 GRM
Not far from the Civic Center and all the amenities of the NEW ventures in Down Town Santa Ana.
Great Investment opportunity in highly sought after Santa Ana, CA. This property features all new plumbing throughout, all units have been rehabilitated with fresh paint, new kitchens, and new bathrooms. Property is located on a cul-de-sac with family friendly neighbors. All 6 units are 2 Bedrooms & 1 Bath and fully occupied by long term tenants. Rents are at market rate. Property has attached 6 car garages. Building is located in the heart of Santa Ana close to shopping, public transportation, schools and downtown. Enjoy a 5%+ CAP rate with very low maintenance costs in a secured investment. All units have separate gas and electric meters.
Cash Flow Gem! Units C and D have been completely remodeled they have new flooring, new kitchen, new granite cabinet tops, a new iron fence, and a new stove. All units have their individual electric and gas meter. Each unit is 2 bedrooms and 1 bathroom with their individual carport parking.
Unique opportunity in Historic French Park! Currently an owner-occupied Single Family Residence, Zoned R3 with potential to add a detached unit or guest quarters above garage - wonderful investment opportunity! Built in 1922, this vintage home boasts beautiful original features: baseboards, moulding & wood detail. Wood floors, beautiful Batchelder tile fireplace in dramatic oversized living room. Abundance of windows provide natural light & wonderful breezes! Central heating throughout & Air Conditioning upstairs. This desirable floor plan features 3 huge bedrooms upstairs with walk-in closets, one includes a private patio, which share a remodeled bathroom. Separate bedroom & bathroom downstairs plus office or family room option adds to this home's adaptable functionality. Spacious corner lot, features patio with gazebo & custom remote controlled gate opens to ample parking for RV & numerous cars plus shed & 2 car garage including additional storage area. Potential to be added to Mills Act Register (buyer to research) Close proximity to vibrant Downtown Santa Ana with unique shops, foodie restaurants & Artist Village, Orange County School of Arts, Main Place Mall & easy freeway & train access. Come explore the possibilities of this versatile property!
VERY NICE TRIPLEX AND EXCELLENT OPPORTUNITY TO INVEST OR LIVE IN ONE, GREAT LOCATION CLOSED TO SCHOOL,SHOPPING CENTER AND FREEWAY ALL UNITS HAVE 2 BEDROOMS AND 1 BATHROOMS WITH ONE CAR GARAGE PER UNIT.
Fantastic opportunity to purchase 4 units with great cash flow! 2 buildings on one lot with two separate addresses. 402 N Susan is two, 2 bedroom 1 bath units and 326 N Susan is two, 2 bedroom 1 bath units; both have long term tenants that have always paid on time and are low effort to maintain. The city of Santa Ana has the parcel number listed as one lot 198-251-06 These units are grandfathered in. Both units have separate carports with 2 parking spaces.
Great investment opportunity to own this Floral Park Duplex!! This property is located on a quiet tree-lined street in the heart of Santa Ana, very close to Santiago Elementary School. One of the best unit mixes you could ask for! Side-by-side units each consisting of 2 bedrooms and 2 bathrooms. One of the units has a 1 car garage, and the other has a 2 car garage - both with direct access to the house. Each unit has its own laundry hookups, large back yards, and plenty of driveway space. This duplex is in great condition... ready for a new owner to take it over! Easy access to schools, shopping, freeways, and more! Property was appraised for $700,000 last March. This is the deal you've been waiting for! Such an easy one to keep rented. Wonderful investment opportunity! (addresses are 1223 & 1225 W 22nd Street) Contact Larry Birnbaum - 714.655.8108 - Larry@LmbEnterprises.com