Listed by Alliance Investment Real Estate Group
$4,199,900
1416 N Spurgeon Street
Details
APN 39813329
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 10,887
Units 20
Cap Rate 5.41%
NOI $227,249
Occupancy 100%
Pro-Forma Cap Rate 8.73%
Pro-Forma NOI $366,677
Broker Co-Op Yes
Year Built 1978
Buildings 1
Stories 2
Acreage 0.340
Zoning Assessor
Ground Lease No
Multifamily | 20 Units | $209,995/unit
Marketing description
VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!! ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! We are pleased to offer for sale this well-located gated property in the highly desirable French Park neighborhood that's located in the North end of the Historic French Park neighborhood. This property is well located and next to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This property is located just minutes away from the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1978 construction community is individually metered for both Gas & Electric (tenant pays for this) with huge rental upside. This community also has on site laundry room (that is owned) and has plenty of parking space (offering both garages & covered gated parking). ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! SUBMIT ALL OFFERS!! Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Investment highlights
1978 Construction - Gated Community with Garages & Covered Parking
100% Occupied with huge upside in rents
Individually metered for both Gas & Electric
Great unit mix of 1 bedroom & Studio units
On Site laundry room (Owned)
Close to an Elementary School, Shopping, Restaurants, and Freeways.
Listing Contacts
Listed by Alliance Investment Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$227,249.00
$18,937.42/mo
Valuation Metrics
0
DSCR
5.41%
Cap Rate
5.41%
ROI
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