333 S Flower Street

    Santa Ana, CA 92703
    • $4,375,000
    • STATUS: Active
    • ON SITE: 144 days
    • ID#: PW18018116
    $4,375,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,386
      SQFT
    • $353
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1984
    County:

    School Ratings & Info

    Description

    Villa Alegra Apartments is situated in the highly desirable rental market of Santa Ana. The apartment was constructed in 1984 and renovations were made in 2009 and 2010 to both interior and exterior of the building. Santa Ana has been among the top 10 cities nationwide that has seen the highest rental increase in the past year. With the units being significantly upgraded, an astute investor can come in and take advantage of the approximately 25% upside in rents and stabilize the asset to enjoy abundant cash flow.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-18T00:27:32.383. 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/80225278

    333 S Flower Street Santa Ana, CA 92703

    • Price: $4,375,000
    • Status: Active
    • ID#: PW18018116
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    12,386
    SQFT
    $353
    $/SQFT
    1984
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    Villa Alegra Apartments is situated in the highly desirable rental market of Santa Ana. The apartment was constructed in 1984 and renovations were made in 2009 and 2010 to both interior and exterior of the building. Santa Ana has been among the top 10 cities nationwide that has seen the highest rental increase in the past year. With the units being significantly upgraded, an astute investor can come in and take advantage of the approximately 25% upside in rents and stabilize the asset to enjoy abundant cash flow.
    Exterior Features

    Construction Materials StuccoWood Siding Garage Spaces 20.00 Lot Features Garden Lot Size Source Assessor Lot Size Units Square Feet Parking Features Gated Parking Total 20.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof FlatMansardShingle

    Interior Features

    Appliances Gas Range Appliances YN Yes 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 1 Common Wall Interior Features BalconyCrown MoldingsGranite Counters Laundry Features Area

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.80 Community Features Curbs Country Us Electric Expense 19347.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 278780.00 Gross Multiplier 15.69 Gross Scheduled Income 278780.00 Gross Spendable Income 68986.00 Insurance Expense 2434.00 Land Lease YN No Laundry Income 1662.00 Laundry YN Yes Net Operating Income 165455.00 New Taxes Expense 53556.00 Number Of Separate Electric Meters 20 Number Of Separate Gas Meters 20 Number Of Separate Water Meters 0 Operating Expense 104962.00 Operating Expense Percent 37.70 Professional Management Expense 0.00 Rent Control YN No Security Features Gated CommunitySecurity System Senior Community YN No Special Listing Conditions Standard Total Actual Rent 21570.00 Total Expenses 106638.00 Trash Expense 3839.00 Vacancy Allowance 8363 Vacancy Allowance Rate 3.00 Water Sewer Expense 9540.00 Water Source Public Year Built Source See Remarks

    Listing provided courtesy of Gary Tolfa of Triqor Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-18T00:27:32.383. 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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