$715,000
$875,000
18.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
1,740 SqFt
SOLD DATE : 05/23/2023
Key Details
Sold Price $715,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,740 sqft
Price per Sqft $410
MLS Listing ID 23-249349
Sold Date 05/23/23
Bedrooms 4
Year Built 1930
Lot Size 6,141 Sqft
Acres 0.11
Property Sub-Type Multi-Family
Property Description
626 E 3rd. St. is a 4-unit multifamily investment property located in Santa Ana, CA. Built in 1920, this property is located at 626 E 3rd St. and consists of all one-bedroom, one bath units, in addition to tremendous rental upside potential with an interior renovation plan and adding an ADU. The property is situated on a +/- 6,141 SF lot and is zoned for 5+ units. This provides an investor with the potential of an ADU addition for more rental income but keeping the integrity of the existing parking spaces for the tenants. An investor can also take advantage of additional tax benefits with the property being situated in an opportunity zone. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water, electricity, gas, and trash. We encourage all interested parties to do their own due diligence with Santa Ana's planning and development division regarding any ADU potential! The property to be sold as-is!
Location
State CA
County Orange
Area Santa Ana North Of First
Rooms
Other Rooms None
Interior
Heating None
Cooling None
Equipment None
Exterior
Parking Features Driveway
Garage Spaces 6.0
Building
Story 2
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Think Boutiq Real Estate
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