2201 S Kilson Drive

    Santa Ana, CA 92707
    • $2,200,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: NP18162312
    UPDATED: 159 min ago
    $2,200,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,816
      SQFT
    • $457
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    *** TWO SIDE-BY-SIDE TRIPLEXES WITH INDIVIDUAL PARCELS *** ELIGIBLE FOR RESIDENTIAL 2-4 UNIT FINANCING *** ALL 2-BEDROOMS UNITS ***Located on a quiet street in an up-and-coming neighborhood within Santa Ana, Kilson Drive Apartment Homes offers a rare investment opportunity, primed for buyers looking to take advantage of 2-4 unit residential financing and/or a turnkey 1031 upleg. The property is comprised of two side-by-side parcels with separate addresses and APNs for a total of 6-units, providing an opportunity for prospective buyers to maximize their ROI by taking advantage of today+GGs low conventional rates. All units are 2 bed/1 bath configurations, generating annualized current income of $120,000 and due to bump another 5% next year. The property underwent a significant remodel in 2016 including new landscaping, exterior and interior paint, floors, kitchens, bathrooms, wall heaters, windows and recessed lighting. Both building+GGs plumbing was completely re-piped and front and back gates installed. The property offers two on-site laundry rooms, covered garage parking and storage below each stairwell and behind each parking spot.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T00:29:46.233. 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/85427422

    2201 S Kilson Drive Santa Ana, CA 92707

    • Price: $2,200,000
    • Status: Active
    • Updated: 159 min ago
    • ID#: NP18162312
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    4,816
    SQFT
    $457
    $/SQFT
    1960
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    *** TWO SIDE-BY-SIDE TRIPLEXES WITH INDIVIDUAL PARCELS *** ELIGIBLE FOR RESIDENTIAL 2-4 UNIT FINANCING *** ALL 2-BEDROOMS UNITS ***Located on a quiet street in an up-and-coming neighborhood within Santa Ana, Kilson Drive Apartment Homes offers a rare investment opportunity, primed for buyers looking to take advantage of 2-4 unit residential financing and/or a turnkey 1031 upleg. The property is comprised of two side-by-side parcels with separate addresses and APNs for a total of 6-units, providing an opportunity for prospective buyers to maximize their ROI by taking advantage of today+GGs low conventional rates. All units are 2 bed/1 bath configurations, generating annualized current income of $120,000 and due to bump another 5% next year. The property underwent a significant remodel in 2016 including new landscaping, exterior and interior paint, floors, kitchens, bathrooms, wall heaters, windows and recessed lighting. Both building+GGs plumbing was completely re-piped and front and back gates installed. The property offers two on-site laundry rooms, covered garage parking and storage below each stairwell and behind each parking spot.
    Exterior Features

    Construction Materials Stucco Fence YN Yes Fencing Chain Link Garage Spaces 6.00 Lot Features LandscapedLot 10000-19999 SqftSprinkler System Lot Size Dimensions 100X108 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof Composition View None View YN No

    Interior Features

    Appliances Gas OvenGas RangeGas StoveMicrowave Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 803 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring LaminateTile Heating Wall Heater Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels Description 01610329 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.07 Community Features CurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1560.00 Gross Income 120000.00 Gross Multiplier 18.33 Gross Operating Income 120000.00 Gross Scheduled Income 120000.00 Insurance Expense 1920.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2400.00 Net Operating Income 89532.00 New Taxes Expense 24588.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 2 Number Of Units Leased 6 Number With Range 6 Operating Expense 30468.00 Operating Expense Percent 25.00 Professional Management Expense 0.00 Property Condition TurnkeyUpdated/Remodeled Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Subdivision Name Other Other Tenant Pays Management Total Actual Rent 10000.00 Total Expenses 30468.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Michelle Linovitz of Villa Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T00:29:46.233. 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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