626 E 3rd Street, Santa Ana, CA 92701
Property
Sold May 2023
Listing Agent: David Harrington (DRE #01320460) · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Lesley Teasley · Think Boutiq Real Estate · MLS #23249349 · Source: CRMLS
About this property
626 E 3rd. St. is a 4-unit multifamily investment property located in Santa Ana, CA. Built in 1920, this property is located at 626 E 3rd St. and consists of all one-bedroom, one bath units, in addition to tremendous rental upside potential with an interior renovation plan and adding an ADU. The property is situated on a +/- 6,141 SF lot and is zoned for 5+ units. This provides an investor with the potential of an ADU addition for more rental income but keeping the integrity of the existing parking spaces for the tenants. An investor can also take advantage of additional tax benefits with the property being situated in an opportunity zone. 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. We encourage all interested parties to do their own due diligence with Santa Ana's planning and development division regarding any ADU potential! The property to be sold as-is!
Listing description from the May 2023 sale, as reported to CRMLS.
Sale history