401 W Stevens Avenue , A-D

    Santa Ana, CA 92707
    • $1,550,000
    • STATUS: Active
    • ON SITE: 17 days
    • ID#: PW18153857
    UPDATED: 46 min ago
    $1,550,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,109
      SQFT
    • $377
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    Description

    401 W. Stevens Ave is a 4plex investment opportunity sitting in a prime corner location in a desirable neighborhood that is South Coast adjacent. The great unit mix includes a single level, ground floor 3 bedroom/2 bath unit featuring a master bedroom with ensuite bathroom and a private patio. The two 2 bedroom/2 bath units are stacked and each include a master bedroom with ensuite bathroom and private patio/balcony. The oversized 1 bedroom/1 bath unit has a private balcony and is set over the garages. For parking, there are 4 garages and 2 additional spots. There is an onsite laundry room. Windows and sliding doors have been changed and some interiors have been remodeled. The owner is not doing a 1031 Exchange so a quick close is possible. Conservative pro forma rent for the 3 bedroom unit is $2400 a month, 2 bedroom is $1800 a month and the 1 bedroom is $1500 a month. The current tenants will be moving out and the building will be delivered vacant.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T20:31:10.213. 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/85193799

    401 W Stevens Avenue , A-D Santa Ana, CA 92707

    • Price: $1,550,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: PW18153857
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,109
    SQFT
    $377
    $/SQFT
    1969
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    401 W. Stevens Ave is a 4plex investment opportunity sitting in a prime corner location in a desirable neighborhood that is South Coast adjacent. The great unit mix includes a single level, ground floor 3 bedroom/2 bath unit featuring a master bedroom with ensuite bathroom and a private patio. The two 2 bedroom/2 bath units are stacked and each include a master bedroom with ensuite bathroom and private patio/balcony. The oversized 1 bedroom/1 bath unit has a private balcony and is set over the garages. For parking, there are 4 garages and 2 additional spots. There is an onsite laundry room. Windows and sliding doors have been changed and some interiors have been remodeled. The owner is not doing a 1031 Exchange so a quick close is possible. Conservative pro forma rent for the 3 bedroom unit is $2400 a month, 2 bedroom is $1800 a month and the 1 bedroom is $1500 a month. The current tenants will be moving out and the building will be delivered vacant.
    Exterior Features

    Garage Spaces 4.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features GarageParking Space Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    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 2+ Common Walls Cooling None Cooling YN No Heating Forced Air Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 0.00 Gross Income 90000.00 Gross Scheduled Income 90000.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 71175.00 New Taxes Expense 17325.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 18825.00 Pest Control Expense 0.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Sandpointe Tenant Pays ElectricityGas Total Expenses 18825.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Christian Walsh of Coldwell Banker Res. Brokerage.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T20:31:10.213. 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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