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    412 E Pine Street

    Santa Ana, CA 92701
    • $1,950,000
    • STATUS: CONTINGENT
    • ON SITE: 31 days
    • ID#: 302988777
    Under Contract
    UPDATED: 58 min ago
    $1,950,000
    • 4
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Highly desirable well maintained 8-unit apartment complex, located in Henninger Park area of Santa Ana. This complex has low turnover and produces immediate cash flow with market rents, perfect for new investors. Featuring 8 spacious 1-bed / 1-bath units, on-site laundry facility, covered carports, and assigned parking. Some of the units have been renovated including; kitchen cabinets with granite or tile countertops, and the flooring is a combination of laminate, tile, or carpet. Walking distance to rece Highly desirable well maintained 8-unit apartment complex, located in Henninger Park area of Santa Ana. This complex has low turnover and produces immediate cash flow with market rents, perfect for new investors. Featuring 8 spacious 1-bed / 1-bath units, on-site laundry facility, covered carports, and assigned parking. Some of the units have been renovated including; kitchen cabinets with granite or tile countertops, and the flooring is a combination of laminate, tile, or carpet. Walking distance to recently renovated Santa Ana Historic District, featuring restaurants, entertainment, shopping, easy access to public transit and schools. Pine Street's proximity to the 5 & 55 freeways, employment, area shopping malls, and just a few miles to the City of Tustin, makes this an ideal location for renters. This is an opportunity you won't want to miss.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.callstein.com/homes/112845285
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    412 E Pine Street Santa Ana, CA 92701

    • Price: $1,950,000
    • Status: CONTINGENT
    • Updated: 58 min ago
    • ID#: 302988777
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    Neighborhood:
    Oc - Santa Ana (92701)
    County:
    Orange
    Area:
    Oc - Santa Ana (92701)
    Property Description
    Highly desirable well maintained 8-unit apartment complex, located in Henninger Park area of Santa Ana. This complex has low turnover and produces immediate cash flow with market rents, perfect for new investors. Featuring 8 spacious 1-bed / 1-bath units, on-site laundry facility, covered carports, and assigned parking. Some of the units have been renovated including; kitchen cabinets with granite or tile countertops, and the flooring is a combination of laminate, tile, or carpet. Walking distance to rece Highly desirable well maintained 8-unit apartment complex, located in Henninger Park area of Santa Ana. This complex has low turnover and produces immediate cash flow with market rents, perfect for new investors. Featuring 8 spacious 1-bed / 1-bath units, on-site laundry facility, covered carports, and assigned parking. Some of the units have been renovated including; kitchen cabinets with granite or tile countertops, and the flooring is a combination of laminate, tile, or carpet. Walking distance to recently renovated Santa Ana Historic District, featuring restaurants, entertainment, shopping, easy access to public transit and schools. Pine Street's proximity to the 5 & 55 freeways, employment, area shopping malls, and just a few miles to the City of Tustin, makes this an ideal location for renters. This is an opportunity you won't want to miss.
    Exterior Features

    Exterior BrickStucco Parking Garage Desc Unit1 Assigned Pool N/K Site Curbs Spa N/K

    Interior Features

    Cooling Wall/Window Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 6.0 Annual Expense Actual 32838 Buildings 1 Gross Rent Multiplier Actual 13.41 Gross Scheduled Income Actual 145440 Home Owners Fees 0.0 Possession Close Of Escrow Security Gated CommunitySecurity Bars Tenant Pays Cable TvElectricityGas/Propane Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1490.0 Unit2 Rent Actual 1425.0 Unit3 Rent Actual 1435.0 Unit4 Rent Actual 1470.0 Zoning Assessor

    Listing provided courtesy of Coldwell Banker Realty. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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