1066 W 1st Street

    Santa Ana, CA 92703
    • $1,250,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: PW20037598
    UPDATED: 156 min ago
    $1,250,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,280
      SQFT
    • $548
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    The 1st Street Apartments, an 8-unit apartment building located in Santa Ana, CA, was built in 1924; the property offers a simple unit mix of all studio units. There is one on-site laundry facility, and gated parking which includes 9 parking spaces. Most units have tile flooring, and some units have granite countertops. Recent improvements include newer windows, new concrete, exterior paint, some units have remodeled showers and remodeled floors and new electrical wiring. The 1st Street Apartments offers an investor the opportunity to purchase an income producing asset with 16% upside in rents and a 6.5% cap rate on market rents.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-03T00:29:30.17. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

    www.teamforss.com/homes/103417148

    1066 W 1st Street Santa Ana, CA 92703

    • Price: $1,250,000
    • Status: Active
    • Updated: 156 min ago
    • ID#: PW20037598
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,280
    SQFT
    $548
    $/SQFT
    1924
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    The 1st Street Apartments, an 8-unit apartment building located in Santa Ana, CA, was built in 1924; the property offers a simple unit mix of all studio units. There is one on-site laundry facility, and gated parking which includes 9 parking spaces. Most units have tile flooring, and some units have granite countertops. Recent improvements include newer windows, new concrete, exterior paint, some units have remodeled showers and remodeled floors and new electrical wiring. The 1st Street Apartments offers an investor the opportunity to purchase an income producing asset with 16% upside in rents and a 6.5% cap rate on market rents.
    Exterior Features

    Garage Spaces 9.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Total 9.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.20 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 103452.00 Gross Multiplier 12.08 Gross Operating Income 100348.00 Gross Scheduled Income 103452.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 65525.00 New Construction YN No New Taxes Expense 15702.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 34823.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 34823.00 Trash Expense 0.00 Vacancy Allowance 3104 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Chris Keramati of Triqor Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-03T00:29:30.17. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

     
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