516 N Grand Avenue,  Santa Ana CA, 92701 (Residential Income)

3,807 sqft
Status: Pending
MLS#: OC16198457
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Last Updated: 12/6/2016 2:59 AM
Description for 516 N Grand Avenue Santa Ana, CA 92701
We are pleased to present this well located 5 unit investment opportunity in Santa Ana, CA. This property contains a single story two bed / one bath house in the front, and a two story apartment building in the back comprised of one bed / one bath units. Both the house and the units are individually metered for gas and electricity. There is no gas or electric bill for the owner. Each unit has a washer/dryer hookup and individual water heaters. The four unit building has new copper plumbing throughout and ABS drain lines. Two units were upgraded with new kitchen and bathroom granite counter tops and hard wood flooring in the bedroom. The kitchens and living rooms have tile. The property has a security camera system with DVR. The exterior was renovated with new paint, concrete base, stucco, and double pane vinyl windows. A new white picket fence was installed around the property, along with a yard and well maintained landscaping, providing nice curb appeal. There is a spacious area that can be fenced in between the buildings for a play or BBQ area. The three units on the first story all have fenced in patios. Situated across the street from the Orange County Register building, this property sits on a corner lot in a great Santa Ana rental location.
Price
$1,110,000
Orange
3,807 (approx)
OC16198457
Pending
Description
We are pleased to present this well located 5 unit investment opportunity in Santa Ana, CA. This property contains a single story two bed / one bath house in the front, and a two story apartment building in the back comprised of one bed / one bath units. Both the house and the units are individually metered for gas and electricity. There is no gas or electric bill for the owner. Each unit has a washer/dryer hookup and individual water heaters. The four unit building has new copper plumbing throughout and ABS drain lines. Two units were upgraded with new kitchen and bathroom granite counter tops and hard wood flooring in the bedroom. The kitchens and living rooms have tile. The property has a security camera system with DVR. The exterior was renovated with new paint, concrete base, stucco, and double pane vinyl windows. A new white picket fence was installed around the property, along with a yard and well maintained landscaping, providing nice curb appeal. There is a spacious area that can be fenced in between the buildings for a play or BBQ area. The three units on the first story all have fenced in patios. Situated across the street from the Orange County Register building, this property sits on a corner lot in a great Santa Ana rental location.
Listing Information
Property Type: Cluster, 2 Story
0.27 Acres 1,176,100 sq.ft. 3,807 (approx)
$291.57 1953
Yes- 2 spaces 2
5 Total
Neighborhood
Room Information
Exterior / Lot Features
2 Garage Spaces, 8 Parking Spaces, Garage, Uncovered
None
No Pool
Gutters, Sidewalks, Street Lights, Curbs Walk, Storm drains
Driving Directions
Take Grand Ave Exit from I-5 Cross Streets: 5th St & N Grand Ave
Financial Considerations
39837201
$82,680 Income ,$24,589Expense
Listing Price History

Santa Ana Real Estate

Santa Ana is located in California. Santa Ana, California 92701 has a population of 326,608.

The median household income in Santa Ana, California 92701 is $54,387. The median household income for the surrounding county is $75,566 compared to the national median of $53,046. The median age of people living in Santa Ana 92701 is 28.8 years.

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Courtesy: Marcus & Millichap RE Invest Mark Bridge
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