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1015 N Parton Street

Santa Ana, CA 92701
  • $3,325,000
  • STATUS: Active
  • ON SITE: 191 Days
  • ID#: OC22017703
UPDATED: 28 min ago
$3,325,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1987
County:

School Ratings & Info

Listing Agent(s): Shelly Kay Hilliard of Coldwell Banker Realty (714-374-4459)


Description

10 unit investment opportunity! Excellent location... walking distance to the Orange County school of the Performing arts, Orange County Superior Court house, and Santa Ana City Hall. This property was built in 1987 and has secure electronic subterranean parking spaces for every unit. Each apartment has a large private patio, new windows, new sliding glass doors, A/C and individual hot water heaters. All units are fully occupied by long term tenants.Separately metered gas, and electricity. On-site laundry facilities. Close to schools, public transportation, retail and employment opportunities.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. 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 American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/125184244
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1015 N Parton Street Santa Ana, CA 92701

  • Price: $3,325,000
  • Status: Active
  • On Site: 191 Days
  • Updated: 28 min ago
  • ID#: OC22017703
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1987
Built
Neighborhood:
Other (Othr)
County:
Orange
Area:
70 - Santa Ana North of First
Property Description
10 unit investment opportunity! Excellent location... walking distance to the Orange County school of the Performing arts, Orange County Superior Court house, and Santa Ana City Hall. This property was built in 1987 and has secure electronic subterranean parking spaces for every unit. Each apartment has a large private patio, new windows, new sliding glass doors, A/C and individual hot water heaters. All units are fully occupied by long term tenants.Separately metered gas, and electricity. On-site laundry facilities. Close to schools, public transportation, retail and employment opportunities.
Exterior Features

Construction Materials Stucco Direction Faces West Fencing Excellent ConditionElectric Foundation Details Combination Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 10 Parking Features Underground Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Roof AsphaltShingle Spa Features None Spa YN No View City LightsNeighborhood View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Electric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateTile Heating Electric Heating YN Yes Interior Features Bedroom On Main Level

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cable Tv Expense 0 Cap Rate 4 Common Interest Community Apartment Community Features CurbsGutter(S)Street Lights Contingency Assumable Loan For Qualified Buyers At 3.83% Call Agent For Details.Buyer To Cooperate With Sellers 1031 Exchange At No Cost To Buyer. Sale is Contingent Upon Seller Securing Their Replacement Property. Current Financing Assumable Electric Expense 684.33 Fuel Expense 487.43 Garage YN No Gross Income 183012 Gross Scheduled Income 191856 Insurance Expense 2240 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To Existing Loan1031 Exchange Maintenance Expense 7525.8 Net Operating Income 140434 New Construction YN No New Taxes Expense 31000 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 49572 Other Expense 11280 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Private Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTelephone Total Actual Rent 15602 Trash Expense 2272.4 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 1850 Water Sewer Expense 4698 Water Source Public Zoning R-2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. 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 American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Shelly Kay Hilliard of Coldwell Banker Realty (714-374-4459)