309 S Garnsey Street

    Santa Ana, CA 92701
    • $1,500,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: OC19014555
    UPDATED: 45 min ago
    $1,500,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,960
      SQFT
    • $379
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:

    School Ratings & Info

    Description

    Offering all One Bedroom, One Bath plus a Den with Dual Balconies these Townhouse Style units offer tenants a unique home. This property is being offered by the original builder. Each unit pays their own gas and electricity and the building enjoys 9 secured tuck under parking spaces and one open space. The Dual Balcony feature adds to the living space available to the tenants and creates a stable occupancy. With rents well below market and the opportunity to add a RUBS program for Water/Sewer/Trash, and add parking income this property provides the opportunity for a above average return.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T18:30:02.89. 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/91048700

    309 S Garnsey Street Santa Ana, CA 92701

    • Price: $1,500,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: OC19014555
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,960
    SQFT
    $379
    $/SQFT
    1986
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    Offering all One Bedroom, One Bath plus a Den with Dual Balconies these Townhouse Style units offer tenants a unique home. This property is being offered by the original builder. Each unit pays their own gas and electricity and the building enjoys 9 secured tuck under parking spaces and one open space. The Dual Balcony feature adds to the living space available to the tenants and creates a stable occupancy. With rents well below market and the opportunity to add a RUBS program for Water/Sewer/Trash, and add parking income this property provides the opportunity for a above average return.
    Exterior Features

    Carport Spaces 9.00 Garage Spaces 0.00 Lot Features 36-40 Units/AcreCul-De-SacLot 6500-9999 Lot Size Source Assessor Lot Size Units Acres Parking Features Covered Parking Parking Total 12.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    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 1 Common Wall Laundry Features Community

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.77 Community Features Curbs Country Us Electric Expense 792.00 Elevation Units Feet Fuel Expense 853.00 Gross Income 108000.00 Gross Multiplier 13.88 Gross Operating Income 108000.00 Gross Scheduled Income 108000.00 Insurance Expense 1200.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 250.00 Laundry YN Yes Maintenance Expense 5121.00 Net Operating Income 71538.00 New Construction YN No New Taxes Expense 18176.00 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 36462.00 Operating Expense Percent 35.00 Other Income1 50.00 Professional Management Expense 4200.00 Rent Control YN No Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Subdivision Name Other Other Tenant Pays ElectricityGas Total Actual Rent 8700.00 Total Expenses 37601.00 Trash Expense 3600.00 Water Sewer Expense 2520.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Mike Marcu of Mike Marcu, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T18:30:02.89. 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