1013-1017 S Standard Avenue

    Santa Ana, CA 92701
    • $4,900,000
    • STATUS: Active
    • ON SITE: 72 days
    • ID#: OC18238796
    UPDATED: 30 min ago
    $4,900,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,776
      SQFT
    • $332
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    1013 & 1017 Standard Avenue is a 24-unit multifamily investment property located in Santa Ana, one of the premier housing markets nationwide.Built in 1958, 1013 & 1017 Standard Avenue offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 20 percent. The investment opportunity consists of 24 units across two separate parcels. Situated on a combined 0.36-acre lot, the 14,776 square foot property consists of exclusively one-bedroom floor plans. The exterior of the property was renovated in 2018. The property is located one mile from Downtown Santa Ana and is near schools, parks, and major transportation routes.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. 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. Licensed in the State of California, USA.
    www.impactca.com/homes/88121498

    1013-1017 S Standard Avenue Santa Ana, CA 92701

    • Price: $4,900,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: OC18238796
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    14,776
    SQFT
    $332
    $/SQFT
    1958
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    1013 & 1017 Standard Avenue is a 24-unit multifamily investment property located in Santa Ana, one of the premier housing markets nationwide.Built in 1958, 1013 & 1017 Standard Avenue offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 20 percent. The investment opportunity consists of 24 units across two separate parcels. Situated on a combined 0.36-acre lot, the 14,776 square foot property consists of exclusively one-bedroom floor plans. The exterior of the property was renovated in 2018. The property is located one mile from Downtown Santa Ana and is near schools, parks, and major transportation routes.
    Exterior Features

    Garage Spaces 0.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    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 No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels Description 011-251-10 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 7639.00 Elevation Units Feet Fuel Expense 7639.00 Gross Income 350400.00 Gross Operating Income 340068.00 Gross Scheduled Income 350400.00 Insurance Expense 5681.00 Land Lease YN No Laundry YN Yes Maintenance Expense 12000.00 Net Operating Income 197187.00 New Construction YN No New Taxes Expense 61559.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 24 Operating Expense 142881.00 Other Expense 20600.00 Other Expense Description Other Professional Management Expense 12834.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 28700.00 Total Expenses 143230.00 Trash Expense 7639.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 7639.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. 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. Licensed in the State of California, USA.
     
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