CHEAPEST PRICE PER UNIT PROPERTY IN SANTA ANA | 1416 N Spurgeon St
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CHEAPEST PRICE PER UNIT PROPERTY IN SANTA ANA 1416 N Spurgeon St
20 Unit Block of Flats £3,670,870 (£183,544/Unit) 4.51% Net Initial Yield Santa Ana, CA 92701
Investment Highlights
- VALUE ADD OPPORTUNITY! 1978 Construction - Gated Community with Garages & Covered Parking
- Individually metered for both Gas & Electric
- On Site laundry room (Owned)
- 100% Occupied with huge upside in rents
- Great unit mix of 1 bedroom & Studio units
- Close to an Elementary School, Shopping, Restaurants, and Freeways.
Executive Summary
UPDATED PRICING!!
VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!!
CHEAPEST PRICE PER UNIT PROPERTY IN SANTA ANA!!!
Alliance Investment Real Estate Group is pleased to offer for sale this well-located gated property in the highly desirable French Park neighborhood that's located in the North end of the Historic French Park neighborhood. This property is well located and next to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This property is located just minutes away from the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1978 construction community is individually metered for both Gas & Electric (tenant pays for this) and is 100% occupied with huge rental upside. This community also has on site laundry room (that is owned) and has plenty of parking space (offering both garages & covered gated parking).
CHEAPEST PRICE PER UNIT PROPERTY IN SANTA ANA!!! SUBMIT ALL OFFERS!!
Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Please call listing office for more information.
VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!!
CHEAPEST PRICE PER UNIT PROPERTY IN SANTA ANA!!!
Alliance Investment Real Estate Group is pleased to offer for sale this well-located gated property in the highly desirable French Park neighborhood that's located in the North end of the Historic French Park neighborhood. This property is well located and next to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This property is located just minutes away from the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1978 construction community is individually metered for both Gas & Electric (tenant pays for this) and is 100% occupied with huge rental upside. This community also has on site laundry room (that is owned) and has plenty of parking space (offering both garages & covered gated parking).
CHEAPEST PRICE PER UNIT PROPERTY IN SANTA ANA!!! SUBMIT ALL OFFERS!!
Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Please call listing office for more information.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £3,670,870 | Apartment Style | Low Rise |
| Price Per Unit | £183,544 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Net Initial Yield | 4.51% | Building Size | 10,884 SF |
| Gross Rent Multiplier | 14.41 | Average Occupancy | 100% |
| No. Units | 20 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 2.76/1,000 SF |
| Price | £3,670,870 |
| Price Per Unit | £183,544 |
| Sale Type | Investment |
| Net Initial Yield | 4.51% |
| Gross Rent Multiplier | 14.41 |
| No. Units | 20 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 10,884 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1978 |
| Parking Ratio | 2.76/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
Site Amenities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 16 | £1,020 | 500 |
| 1+1 | 4 | £1,178 | 700 |
1 of 1
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 398-133-29 | Improvements Assessment | £1,040,322 |
| Land Assessment | £1,155,917 | Total Assessment | £2,196,239 |
PROPERTY TAXES
Parcel Number
398-133-29
Land Assessment
£1,155,917
Improvements Assessment
£1,040,322
Total Assessment
£2,196,239
zoning
| Zoning Code | R3, Santa Ana (Residential, High-Density) |
| R3, Santa Ana (Residential, High-Density) |
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CHEAPEST PRICE PER UNIT PROPERTY IN SANTA ANA | 1416 N Spurgeon St
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