441 S Birch Street

    Santa Ana, CA 92701
    • $825,000
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: OC18063368
    UPDATED: 16 min ago
    $825,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,600
      SQFT
    • $317
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    We are pleased to present this four unit apartment complex located at 441 S Birch Street in Santa Ana. The property has a unit mix of 100% two bedroom one bath units. The units are legal one bedroom units, which were converted into non-conforming two bedroom units.Each unit is individually metered for gas, and there is an on-site laundry room on the property. The property is a prime value add opportunity and presents a savvy investor with the opportunity to realize a substantial increase in rents through some upgrades and renovations. The property is located in the high rental demand city of Santa Ana blocks from Santa Ana High School and a few miles south of the Civic Center, Santa Ana City Hall, and the Orange County Courthouse. There are plenty of parks, shopping, entertainment and employment opportunities in the surrounding area. The property has easy access to both the 5 and 55 freeways.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T08:26:38.663. 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/81765267

    441 S Birch Street Santa Ana, CA 92701

    • Price: $825,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: OC18063368
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,600
    SQFT
    $317
    $/SQFT
    1912
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    70 - Santa Ana North of First
    Property Description
    We are pleased to present this four unit apartment complex located at 441 S Birch Street in Santa Ana. The property has a unit mix of 100% two bedroom one bath units. The units are legal one bedroom units, which were converted into non-conforming two bedroom units.Each unit is individually metered for gas, and there is an on-site laundry room on the property. The property is a prime value add opportunity and presents a savvy investor with the opportunity to realize a substantial increase in rents through some upgrades and renovations. The property is located in the high rental demand city of Santa Ana blocks from Santa Ana High School and a few miles south of the Civic Center, Santa Ana City Hall, and the Orange County Courthouse. There are plenty of parks, shopping, entertainment and employment opportunities in the surrounding area. The property has easy access to both the 5 and 55 freeways.
    Exterior Features

    Fence YN Yes Fencing Vinyl Garage Spaces 0.00 Lot Features 2-5 Units/AcreCorner LotFront YardGardenLandscapedLawnYard Lot Size Source Assessor Lot Size Units Acres Parking Features Assigned Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof Composition

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 650 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.60 Community Features CurbsGuttersSidewalksStreet Lighting Country Us Electric Expense 4200.00 Elevation Units Feet Fuel Expense 960.00 Gardener Expense 600.00 Gross Income 55200.00 Gross Multiplier 15.30 Gross Operating Income 53580.00 Gross Scheduled Income 55200.00 Gross Spendable Income 29328.00 Have Value Add Fourplex in Santa Ana Insurance Expense 1700.00 Land Lease YN No Laundry Income 1200.00 Laundry YN Yes Maintenance Expense 3000.00 Net Operating Income 29328.00 New Taxes Expense 10472.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 24252.00 Pest Control Expense 600.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Birch Street Apartments Tenant Pays Cable TvElectricityGasTelephone Total Expenses 24252.00 Trash Expense 1200.00 Vacancy Allowance 1620 Vacancy Allowance Rate 3.00 Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Mark Bridge of Marcus & Millichap Re Invest and Jake Fagenson of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T08:26:38.663. 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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