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    412 E Pine Street

    Santa Ana, CA 92701
    • $1,950,000
    • STATUS: Active Under Contract
    • ON SITE: 73 days
    • ID#: OC20261986
    Under Contract
    UPDATED: 32 min ago
    $1,950,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,358
      SQFT
    • $364
      $/SQFT
    Neighborhood:
    Other (Othr)
    Type:
    Multi-Family
    Built:
    1965
    County:
    Orange
    Area:
    69 - Santa Ana South of First

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    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 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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-07T16:27:48.55. 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 deemed reliable but is not guaranteed accurate by the MLS or Mint Real Estate. Licensed in the State of California, USA.

    www.mymintrealestate.com/homes/112844445
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    412 E Pine Street Santa Ana, CA 92701

    • Price: $1,950,000
    • Status: Active Under Contract
    • Updated: 32 min ago
    • ID#: OC20261986
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    5,358
    SQFT
    $364
    $/SQFT
    1965
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    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 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

    Architectural Style Colonial Carport Spaces 8.00 Construction Materials BrickStucco Exterior Features Rain Gutters Fence YN Yes Fencing Wrought Iron Foundation Details Slab Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarportDetached Carport Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Asphalt Spa Features None Spa YN No Uncovered Spaces 2.00 View CourtyardNeighborhoodTrees/Woods View YN Yes

    Interior Features

    Appliances Gas Range Appliances YN Yes 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 Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminateTile Heating Wall Furnace Heating YN Yes Interior Features Formica CountersGranite CountersOpen FloorplanTile Counters Laundry Features Common AreaCommunityDryer IncludedWasher Included Levels Two Room Type All Bedrooms DownKitchenLiving RoomMain Floor Bedroom

    Property Features

    Accessibility Features No Interior Steps Additional Parcels YN No Association Amenities Outdoor Cooking Area Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.00 Community Features BikingCurbsStreet Lights Country Us Current Financing Conventional Electric Expense 563.00 Elevation Units Feet Fuel Expense 1066.00 Gardener Expense 1200.00 Gross Income 0.00 Gross Multiplier 13.41 Gross Operating Income 142427.00 Gross Scheduled Income 145440.00 Insurance Expense 1870.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 487.00 Laundry YN Yes Maintenance Expense 4700.00 Net Operating Income 109589.00 New Construction YN No New Taxes Expense 19812.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 32838.00 Professional Management Expense 0.00 Property Condition Turnkey Rent Control YN Yes Security Features Gated CommunitySecurity LightsSmoke Detector(S)Window Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Henninger Park/ Eastside Tenant Pays Cable TvElectricityGas Total Actual Rent 12120.00 Total Expenses 32838.00 Trash Expense 1800.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 3500 Water Sewer Expense 1827.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Shelly Kay Hilliard of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-07T16:27:48.55. 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 deemed reliable but is not guaranteed accurate by the MLS or Mint Real Estate. Licensed in the State of California, USA.

     
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