Description
This Value-add investment is comprised of 7 units located in the City of Santa Ana near Mater Dei High School, built in 1971 consists of seven 1 bedroom/1 bath units. This building has been well maintained and managed. The Close Proximity to nearby Bristol/McFadden retail corridor, the shopping centers, markets, and transportation makes it extremely desirable to tenants. Long term tenants in place, all on month to month leases, all tenants pay on time! All electric separately metered, tenants pay. Onsite laundry. Current owner has made several improvements to the building including exterior paint, A/C units added to units, new sliders, windows, 2 units have been recently updated, roof recently recoated with cool roof.
POTENTIAL TO DEVELOP ADDITIONAL UNITS ON SITE, there is a sustained demand for new development and with this property there is huge value add potential and rental growth.
Location
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$1,699,999
9
7
4,519 Sq ft
ActiveUnderContract
MLS# OC23104781
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Listing Agent: Marisa Hernandez
Listing Office: Casa Real Estate Group, Inc.
Attribution contact: 714-290-3809
