$730,000
$740,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
1,185 SqFt
SOLD DATE : 09/27/2021
Key Details
Sold Price $730,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,185 sqft
Price per Sqft $616
Subdivision Other (Othr)
MLS Listing ID OC21144875
Sold Date 09/27/21
HOA Y/N No
Year Built 1913
Lot Size 5,227 Sqft
Acres 0.12
Property Description
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.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 40516317
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Jaret Leiva • Milestone Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner