Listed by Alliance Investment Real Estate Group
$5,038,880
Santa Corona North Apartments
Details
APN 00314140
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,542
Net Rentable (SqFt) 15,585
Units 24
Cap Rate 5.95%
NOI $299,577
Occupancy 100%
Pro-Forma Cap Rate 9.02%
Pro-Forma NOI $454,601
Price per SqFt $324
Broker Co-Op Yes
Year Built 1979
Buildings 1
Stories 2
Acreage 0.360
Zoning Assessor
Ground Lease No
Multifamily | 24 Units | $209,953/unit
Marketing description
This value add community is located between the highly desirable French Park & Floral Park neighborhood. This property is minutes away from an Elementary School, Santa Ana College, Shopping/retail, Restaurants/Dining, and the 5 freeway. This property is also in close proximity to the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1979 construction community consists mostly of one bedroom floor plans & studio units and individually metered for both Gas & Electric (tenant pays for this) with huge rental upside. This community also has an on site laundry room and plenty of parking space (garages & covered gated parking) for the tenants. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Listing Contacts
Listed by Alliance Investment Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$299,577.00
$24,964.75/mo
Valuation Metrics
0
DSCR
5.95%
Cap Rate
5.95%
ROI
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