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Listed by Christian Espinoza, DRE #02062988 • Greysteel California, Inc.
$1,275,000
Est. payment /mo
6,141 Sqft Lot
Price Dropped by $25K
626 E 3rd Santa Ana, CA 92701
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26115970
Year Built 1920
Lot Size 6,141 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
We are pleased to present the opportunity to acquire a turnkey investment property located at 626 E. 3rd St. in Santa Ana. The property consists of four (4) fully updated one-bedroom one-bathroom units that have undergone significant interior and exterior renovations by the current owner. Property upgrades include new appliances, flooring, kitchens, bathrooms, doors, double-pane windows, paint, and A/C units, all of which have been completed to code. A new owner will benefit from all units currently achieving market rents in addition to a recent rental increase for two units, allowing for ease of management and future annual rental increases in accordance with the City of Santa Ana rent control guidelines. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water and trash. The property exudes pride of ownership and is ideally situated within walking distance of Downtown Santa Ana. The asset also benefits from a large ±6,141 SF lot and is zoned SD-84, which may allow for the addition of more units to the site - buyer to verify with the City of Santa Ana. Additionally, the property is conveniently located near public transportation, including Amtrak and Metrolink stations nearby. Residents are within walking distance to
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces, Other
Pool None
Building
Lot Description Paved
Water District - Public
Others
Tax ID 39848210
Special Listing Condition Not Applicable
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