$1,750,000
$1,750,000
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8 Beds
7 Baths
4,001 SqFt
SOLD DATE : 01/25/2024
Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,001 sqft
Price per Sqft $437
MLS Listing ID 23-323535
Sold Date 01/25/24
Bedrooms 8
Year Built 1969
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Multi-Family
Property Description
Seller is highly motivated to complete this transaction by mid or end of January! 3801 S. Ross St is a highly sought after Covington Style 4-unit multifamily investment property located in Santa Ana, CA. Built in 1969, this property consists of (1) 3- bedroom 2- bath, (2) 2-bedroom 2-bath units, and (1) 1-bedroom 1-bath units with each unit having their own single car garage. The property exudes pride of ownership from the exterior/interiors. The current owner has been very consistent with rental increases in which the property boasts a strong return. 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. This property is being sold alongside two other properties at 417- 421 Stevens Ave. Properties can be sold as a portfolio or individually, but the owner prefers to sell all properties simultaneously to use all proceeds for a 1031 exchange. The property is ideally located minutes from South Coast Plaza, Metro Pointe, The Camp, The Lab, Segerstrom Center, John Wayne Airport, Orange County Museum of Art, Santa Ana College, Mater Dei High School. The property is ideally located near the 405, 55 and 5 FWY for an easy commute.
Location
State CA
County Orange
Area Santa Ana South Of First
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Other
Garage Spaces 7.0
Pool None
Building
Story 2
Level or Stories Two
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 Grand Avenue Realty & Lending
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