$3,125,000
$3,150,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
8,712 Sqft Lot
SOLD DATE : 01/16/2024
Key Details
Sold Price $3,125,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision ,Flower Park
MLS Listing ID OC23136017
Sold Date 01/16/24
HOA Y/N No
Year Built 1987
Lot Size 8,712 Sqft
Lot Dimensions Assessor
Property Description
Exceptional 10-Unit Investment with an **(ASSUMABLE LOAN 3.83%)** in Prime Location!
Discover a fantastic investment opportunity, just a short walk away from the renowned Orange County School of the Performing Arts, Orange County Superior Court house, and Santa Ana City Hall. This property, offers secure electronic subterranean parking spaces for every unit, ensuring convenience and safety for residents. Each apartment features a large private patio, new windows, sliding glass doors, A/C, and individual hot water heaters, providing modern amenities that tenants will love. With all units fully occupied, you can enjoy a stable and reliable income stream from day one. The property also benefits from separately metered gas and electricity, giving tenants control over their utility usage and making it a desirable choice for renters. On-site laundry facilities further enhance the convenience factor for residents, making it a sought-after living space. Moreover, its proximity to schools, public transportation options, retail centers, and numerous employment opportunities adds to its appeal, promising a steady demand for years to come.
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Zoning R-2
Interior
Interior Features Granite Counters, Open Floorplan, Tile Counters, All Bedrooms Down, Bedroom on Main Level
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplaces Type None
Fireplace No
Appliance Gas Range
Laundry Common Area
Exterior
Exterior Feature Rain Gutters
Garage Underground, Garage Faces Front, Gated, Private
Carport Spaces 10
Fence Wrought Iron
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N Yes
View City Lights
Roof Type Flat,Tile
Accessibility None
Parking Type Underground, Garage Faces Front, Gated, Private
Total Parking Spaces 10
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Faces West
Story 3
Entry Level Three Or More
Foundation Combination
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 39853304
Energy Description 464.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Assumed
Special Listing Condition Standard
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Bought with Mike Shahbazi • First Team Real Estate
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