1905 W Myrtle Street

    Santa Ana, CA 92703
    • $1,645,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: TR19000329
    UPDATED: 73 min ago
    $1,645,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,501
      SQFT
    • $365
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Best Deal for Investor. NO RENT CONTROL ! Located in a High Demand Area of Rental Apartments in the City Of Santa Ana. Total 6 Units Are ALL 2 Bedrooms, 1 Bathroom in Each Unit (Approx. 750 Sq.ft. Per Unit). Inside 4,501 Sq. ft. with Lot Size 8,166 Sq. ft. No Vacancy. 100% Occupancy. Long Term Tenants. Low Maintenance. Monthly Gross Income $ 8,900, Annual Gross Rental Income $106,800. Annual Expenses: $24,436. Annual Net Income : $82,364. Current Cap Rate: 4.9%. Monthly Rent for Each Unit Approx. $1,600 / $1,450/ $1,300. Pro Forma Monthly Rent Approx. $1,700. Total 6 Car Garage Spaces in the Back Yard. Easy Access to Freeways 5, 22 and 57. Close to Schools . Great Property for Investors !

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T08:27:29.497. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/90525756

    1905 W Myrtle Street Santa Ana, CA 92703

    • Price: $1,645,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: TR19000329
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    4,501
    SQFT
    $365
    $/SQFT
    1957
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    Best Deal for Investor. NO RENT CONTROL ! Located in a High Demand Area of Rental Apartments in the City Of Santa Ana. Total 6 Units Are ALL 2 Bedrooms, 1 Bathroom in Each Unit (Approx. 750 Sq.ft. Per Unit). Inside 4,501 Sq. ft. with Lot Size 8,166 Sq. ft. No Vacancy. 100% Occupancy. Long Term Tenants. Low Maintenance. Monthly Gross Income $ 8,900, Annual Gross Rental Income $106,800. Annual Expenses: $24,436. Annual Net Income : $82,364. Current Cap Rate: 4.9%. Monthly Rent for Each Unit Approx. $1,600 / $1,450/ $1,300. Pro Forma Monthly Rent Approx. $1,700. Total 6 Car Garage Spaces in the Back Yard. Easy Access to Freeways 5, 22 and 57. Close to Schools . Great Property for Investors !
    Exterior Features

    Garage Spaces 6.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.00 Community Features Sidewalks Country Us Electric Expense 300.00 Elevation Units Feet Fuel Expense 1200.00 Gross Income 106800.00 Gross Scheduled Income 106800.00 Insurance Expense 1998.00 Land Lease YN No Laundry YN No Net Operating Income 82364.00 New Construction YN No New Taxes Expense 15538.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 24436.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other None Total Actual Rent 8900.00 Total Expenses 24436.00 Trash Expense 2160.00 Water Sewer Expense 3240.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Sheng Wang of Century 21 Care


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T08:27:29.497. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024