1001 Riverine Avenue

    Santa Ana, CA 92701
    • $6,250,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: OC18122741
    UPDATED: 70 min ago
    $6,250,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,854
      SQFT
    • $300
      $/SQFT
    Type:
    Multi-Family
    Built:
    1982
    County:

    School Ratings & Info

    Description

    Riverine Apartments is a 30-unit multifamily investment property centrally located in the city of Santa Ana, California. The property enjoys easy access to local freeways, is close to major employers, schools, parks, and a number of small and large retail centers. Situated on a 0.48-acre lot, the 20,854 square foot property consists of entirely large, spacious studio units averaging 695 SF. Built in 1982, the property offers amenities including on-site laundry, security doors, private balconies, an on-site rental office, and gated covered parking.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T13:31:53.513. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/83910458

    1001 Riverine Avenue Santa Ana, CA 92701

    • Price: $6,250,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: OC18122741
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    20,854
    SQFT
    $300
    $/SQFT
    1982
    Built
    Neighborhood:
    70 - Santa Ana North of First
    County:
    Orange
    Area:
    70 - Santa Ana North of First
    Property Description
    Riverine Apartments is a 30-unit multifamily investment property centrally located in the city of Santa Ana, California. The property enjoys easy access to local freeways, is close to major employers, schools, parks, and a number of small and large retail centers. Situated on a 0.48-acre lot, the 20,854 square foot property consists of entirely large, spacious studio units averaging 695 SF. Built in 1982, the property offers amenities including on-site laundry, security doors, private balconies, an on-site rental office, and gated covered parking.
    Exterior Features

    Carport Spaces 30.00 Garage Spaces 0.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 30.00 Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Heating Central Furnace Heating YN Yes Laundry Features Community Levels Three Or More

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 7922.50 Elevation Units Feet Fuel Expense 7922.50 Gross Income 451140.00 Gross Operating Income 437959.00 Gross Scheduled Income 451140.00 Insurance Expense 6750.00 Land Lease YN No Laundry YN Yes Maintenance Expense 15000.00 Net Operating Income 262261.00 New Taxes Expense 76839.00 Number Of Separate Electric Meters 30 Number Of Separate Gas Meters 30 Number Of Separate Water Meters 0 Number Of Units Leased 30 Operating Expense 175697.00 Other Expense 23900.00 Other Expense Description Other Professional Management Expense 17518.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Actual Rent 36615.00 Total Expenses 175697.00 Trash Expense 7922.50 Vacancy Allowance Rate 3.00 Water Sewer Expense 7922.50 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T13:31:53.513. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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