222 Cypress Avenue, Santa Ana, CA 92701

About this property

Three Unit Multi-Family Community located in Santa Ana. This property offers a unit mix consisting of one five-bedroom/ two-bathroom house, one Remodeled Two-bedroom/ one-bathroom unit, and one Remodeled Studio unit - all units consist a total of 2,614 livable square feet, on a 7,500 square foot lot with separate electric and gas meters for each unit. The subject property features tenant amenities such as: a large yard, on-site parking, washer/dryer hookups, and patios. Located in close proximity to the vibrant Downtown area and the Santa Ana Civic Center, providing immediate access to the 5 Freeway. This is a rare opportunity for an investor to acquire a 6.17% Cap Rate for a Stable Investment property in the solid rental market of Santa Ana, California.

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

Sale history

$1,250,000

Sold December 2021 · listed $1,195,000, on market October 2021 · MLS #OC21225300 · Source: CRMLS

Listing Agent: Prashant Sampat · Listing Office: Pacific Avenue Realty · Contact: 562-841-0227 · Bought with: Ericka McAbee · Compass

$770,000

Sold November 2020 · listed $875,000, on market October 2020 · MLS #OC20222296 · Source: CRMLS

Listing Agent: Greg Bassirpou · Listing Office: Marcus & Millichap RE Invest · Contact: 949-419-3200 · Bought with: Greg Bassirpou · Marcus & Millichap RE Invest

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