1014 W 3rd Street, Santa Ana, CA 92703

About this property

Welcome to the lowest priced Multi Family property in Santa Ana. 1012 & 1014 W third street is an amazing opportunity for a savvy investor or homeowner. The property features a 2 bed 1 bath front unit and a 1 bed bath rear unit. The units are separately metered for electric, gas and have a separate address. The 4-car garage has been converted into two studio units without permits. It may be possible to convert this to a legal ADU. Buyer to investigate. The Tenants have never missed a payment and are long term Tenants. The current rents are under market and offer a large upside by increasing rents. All units were upgraded two years ago to include: new kitchen cabinets with Quartz countertops, completely remodeled bathrooms, new windows, new flooring throughout, Freshly painted, Upgraded Electrical and Plumbing. The roof is approximately 7 years old. This is an amazing low maintenance investment and perfect to live in one and rent the other or keep both as a Rental income.

Listing description from the September 2021 sale, as reported to CRMLS.

Sale history

$730,000

Sold September 2021 · listed $740,000, orig. $680,000, on market July 2021 · MLS #OC21144875 · Source: CRMLS

Listing Agent: James Madden · Listing Office: Realty One Group West · Contact: 714-274-2720 · Bought with: Jaret Leiva · Milestone Realty

$445,000

Sold January 2018 · listed $599,000, orig. $650,000, on market July 2017 · MLS #OC17150528 · Source: CRMLS

Listing Agent: Jason Keyz · Listing Office: Keyz Group, Inc. · Contact: 888-539-9101 · Bought with: ERIC WEST · RICHARD MARTINEZ, BROKER

$357,500

Sold November 2014 · listed $399,000, on market August 2014 · MLS #MB14180007 · Source: CRMLS

Listing Agent: JAVIER RAMIREZ · Listing Office: L.A. R.E. NETWORK ERA · Contact: 323-724-2420 · Bought with: Jason Keyz · Keller Williams Realty

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