$1,465,000
$1,750,000
16.3%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
6 Baths
5,339 SqFt
SOLD DATE : 09/21/2023
Key Details
Sold Price $1,465,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,339 sqft
Price per Sqft $274
MLS Listing ID 23-300825
Sold Date 09/21/23
Bedrooms 12
Year Built 1968
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Multi-Family
Property Description
5-Unit apartment in Santa Ana, CA. Built in 1968, this property is located at 1925-29 W. Washington Ave and consists of (1) 3- bedroom 1- bath house with a 2-car garage, (1) 3-bedroom 2-bath house with a single car garage/separate storage unit, and (3) single story 2-bedroom 1-bath units with each unit having their own single car garage. in addition to tremendous rental upside potential with an interior renovation plan and adding an ADU. The property is situated on a +/- 19,612 SF lot. This provides an investor with the potential of an ADU conversion to the existing garages for more rental income, or a ground up ADU development. There are laundry units on-site for additional income. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water 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
Location
State CA
County Orange
Area Santa Ana North Of First
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Equipment Other
Laundry Community
Exterior
Parking Features Other
Garage Spaces 6.0
Pool None
Others
Special Listing Condition Standard
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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 Matthews Real Estate Investment Services
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