406 W Washington Avenue, Santa Ana, CA 92706
Property · 2 recorded sales since 2018
Sold December 2020
Listing Agent: Sheng Wang (DRE #01772547) · Listing Office: Century 21 Care · Contact: 909-861-2800 · Bought with: Mark Bridge · Mark Bridge, Broker · MLS #TR20180731 · Source: CRMLS
About this property
*Great Location in the City of Santa Ana. The 10 Units Apartment Building is in An Excellent Rental Area with Low Vacancy Rates. Two-Story 10-Unit Apartment Building is Located in High Demand Rental Desirable Neighborhood in the City of Santa Ana (Next to City of Tustin ). Building Inside Total 5,200 Sq. ft. New Paint on the Building. Newer Windows and All Units have been Fully Renovated. All One Bedroom with One Bath. Monthly Rent $1,350 with Individually Meters for Gas And Electricity. Annual Gross Income Approx. $162,000, Annual Expense $ 44,500 which includes Property Tax, Insurance , Gardener, Common Area Electricity , Water, Trash and Management Fee. Annual Net Operating Income Approx. $117,500. Cap Rate: 5.41 % with Current Property Tax Rate. Performa Annual Rental Income will be $173,400. Landlord Pays the Water/Trash/ Gas/ Gardener/ Property Tax /Insurance/ Management Fee . Separate On-Site None Operated Washer or Dryer. Currently No Additional Laundry Income. 10 Cars Garages Parking Spaces in Back of the Building. plus other parking spaces . Close to Freeway 5, Next to City of Tustin. Shopping Centers, Restaurants & Parks. Tenants with a "Month-To-Month" Lease Term Which Provides An Investor the Opportunity to Adjust the Rent in the future. Great investment opportunity For The Investor to Keep as a Long Term Investment. *Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants*
Listing description from the December 2020 sale, as reported to CRMLS.
Sale history
