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518 E Pine Street

Santa Ana, CA 92701
  • $21,000,000
  • STATUS: Active
  • ON SITE: 34 Days
  • ID#: PW22153165
UPDATED: 63 min ago
$21,000,000
  • 0
    BEDS
  • 0.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

Listing Agent(s): Matthew Hoyt of Hoyt Real Estate, Inc. (949-619-6159)


Description

518 East Pine Street is a 63 unit multi-family property located in the City of Santa Ana, California. The property consists of 6 studio style units,33 one bedroom / one bathroom units, and 24 two bedroom / two bathroom units. It was built in 1986 and features 42,537 of rentable space.This property offers amenities including gated vehicle and pedestrian access, subterranean parking, and a spacious interior courtyard.The courtyard provides modern seating areas throughout the complex including couches and lounge chairs. Apartment interiors areUpdated with new paint, vinyl floors and modern fixtures. On-site laundry facilities are available for tenants.The property is in a strong rental location with easy access to major retail, educational, and employment opportunities. Close proximity toDowntown Santa Ana, The Santa Ana Zoo, and North-West College of Santa Ana. Commuter friendly location near I-5, CA-57 and CA-55.Tenants can walk to shops and restaurants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-16T16:33:12.003. 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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518 E Pine Street Santa Ana, CA 92701

  • Price: $21,000,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 63 min ago
  • ID#: PW22153165
0
Beds
0
Baths
0
½ Baths
0.56
Acres
1986
Built
Neighborhood:
Other (Othr)
County:
Orange
Area:
69 - Santa Ana South of First
Property Description
518 East Pine Street is a 63 unit multi-family property located in the City of Santa Ana, California. The property consists of 6 studio style units,33 one bedroom / one bathroom units, and 24 two bedroom / two bathroom units. It was built in 1986 and features 42,537 of rentable space.This property offers amenities including gated vehicle and pedestrian access, subterranean parking, and a spacious interior courtyard.The courtyard provides modern seating areas throughout the complex including couches and lounge chairs. Apartment interiors areUpdated with new paint, vinyl floors and modern fixtures. On-site laundry facilities are available for tenants.The property is in a strong rental location with easy access to major retail, educational, and employment opportunities. Close proximity toDowntown Santa Ana, The Santa Ana Zoo, and North-West College of Santa Ana. Commuter friendly location near I-5, CA-57 and CA-55.Tenants can walk to shops and restaurants.
Exterior Features

Lot Features 36-40 Units/Acre Number Of Separate Electric Meters 65 Parking Features Electric GateGarageGated Parking Total 95 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Urban Electric Expense 2265 Fuel Expense 25753 Garage YN Yes Gross Income 1441536 Gross Scheduled Income 1441536 Insurance Expense 18600 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 856286 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 63 Operating Expense 545293 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 31000 Water Sewer Expense 28047 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-16T16:33:12.003. 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): Matthew Hoyt of Hoyt Real Estate, Inc. (949-619-6159)