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510 S Flower Street

Santa Ana, CA 92703
  • $5,699,999
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: OC22160665
UPDATED: 19 min ago
$5,699,999
  • 0
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

Listing Agent(s): Ruben Khorsandi of Alliance Investment Re Group (949-250-0400)


Description

We are pleased to present this investment opportunity comprised of a 19 unit gated apartment complex located in the heart of Santa Ana. The unit mix consists of 1 studio, 16 one bedroom, and 2 two bedroom units. The average square footage of the 1 bedroom units is 700 square feet and the 2 bedroom units are approximately 900 square feet. Each unit has a patio/balcony for the tenants to enjoy and is individually metered for Gas & Electric. There is also a laundry room with owned equipment that generates additional monthly cash flow along with rental upside providing the opportunity for a new investor to raise rents for even better cash flow. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T15:37:07.107. 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 Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
www.itsyourmovesandiego.com/homes/131132122
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510 S Flower Street Santa Ana, CA 92703

  • Price: $5,699,999
  • Status: Active
  • On Site: 20 Days
  • Updated: 19 min ago
  • ID#: OC22160665
0
Beds
0
Baths
0
½ Baths
0.43
Acres
1979
Built
Neighborhood:
Other (Othr)
County:
Orange
Area:
69 - Santa Ana South of First
Property Description
We are pleased to present this investment opportunity comprised of a 19 unit gated apartment complex located in the heart of Santa Ana. The unit mix consists of 1 studio, 16 one bedroom, and 2 two bedroom units. The average square footage of the 1 bedroom units is 700 square feet and the 2 bedroom units are approximately 900 square feet. Each unit has a patio/balcony for the tenants to enjoy and is individually metered for Gas & Electric. There is also a laundry room with owned equipment that generates additional monthly cash flow along with rental upside providing the opportunity for a new investor to raise rents for even better cash flow. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Exterior Features

Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 19 Parking Total 19 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features CurbsSidewalks Electric Expense 1825 Fuel Expense 0 Garage YN Yes Gross Income 7200 Gross Scheduled Income 326640 Insurance Expense 4415 Land Lease YN No Laundry Features Common AreaLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To Existing Loan Net Operating Income 226455 New Construction YN No Number Of Separate Gas Meters 19 Number Of Separate Water Meters 1 Operating Expense 107385 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 5889 Water Sewer Expense 8150 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T15:37:07.107. 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 Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
 
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Massa & Associates Real Estate Group | eXp California Realty Inc
848 Prospect St
La Jolla CA, 92037
Listing Agent(s): Ruben Khorsandi of Alliance Investment Re Group (949-250-0400)