$1,680,000
$1,748,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
7,570 Sqft Lot
SOLD DATE : 05/16/2024
Key Details
Sold Price $1,680,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision French Villas (Frvl)
MLS Listing ID OC24061358
Sold Date 05/16/24
HOA Y/N No
Year Built 1965
Lot Size 7,570 Sqft
Property Description
A great Turn-Key Investment Opportunity with a HIGH RENTAL INCOME. Current income: $11,950 per month. This property offers a single family home in the front and a 3 units apartment building in the back. ALL UNITS FULLY REMODELED. Remodeling included ALL new Kitchens, ALL new Bathrooms, ALL New flooring and Paint, Partial New Plumbing and Electrical. The front main house also come with its own laundry room inside the unit a small California basement and a private Front yard. Separate Electric meter in all of the units. Excellent cash flow and a High CAP Rate of 6.4% and 12.2 GRM. Units sizes are: 1. 3 Bed/ 2bath 2. 1 bed/1 bath 3. 1 bed/ 1 bath 4. 1bed / 1 bath. a 3-car garage and Uncovered Parking spaces on the property. The Three one bedroom apartments are rented Fully FURNISHED. All Brand-New Appliances and Furniture convey with the sale. This is a rare opportunity and by far the best deal in town. The property is located on a quiet street, well established, clean and safe north of downtown Santa Ana in the desired French Park neighborhood. Only one block from OCSHA and few blocks north of Downtown. The next door property at 1102 French St. is also available for sale together or separately.
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Interior
Interior Features Partially Furnished
Heating Floor Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type Family Room
Fireplace Yes
Laundry Common Area, Inside, Laundry Room, See Remarks
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 31-35 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 39802720
Energy Description 720.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Submit
Financing Conventional
Special Listing Condition Standard
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Michelle Esquivel
michelle@michellehomesellingteam.comOur team is ready to help you sell your home for the highest possible price ASAP
Bought with Linda Light • Coldwell Banker Realty
michelle@michellehomesellingteam.com
515 S Myrtle Ave, Monrovia, CA, 91016, USA