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2201 S KILSON DR Santa Ana CA 92707

[Locked] • APN 016-103-28 & 016-103-29

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Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 4,816
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Year Built 1960
Sale NOI ******
Sale Cap Rate ******
Days on Market ******
APN 016-103-28 & 016-103-29
Latitude 33.7177
Longitude -117.8613

Property History

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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Asking Details
Asking Cap Rate
******
Marketing Description
Morgan Skenderian, Inc., is pleased to present 2201-2205 Kilson Drive, a fully renovated six-unit investment opportunity located in the exceptionally strong rental market of Santa Ana. Desirably comprised of side-by-side triplexes, the Kilson Drive Apartments has an attractive unit mix of all 2-bedroom units with a majority of the units being single story. Current ownership amplifies the meaning of pride of ownership by infusing nearly $220,000 (2016) of capital to create luxury interiors that have been treated to complete remodels and a stunningly attractive exterior full of upgrades listed below. A current master lease occupies the property eliminating the need for any management and the current tenant covers the cost of utilities and nearly all of the maintenance expenses. This creates a passive investment opportunity with below-average operating expenses and increased profit margins. The Kilson Drive Apartments is a rare investment opportunity to purchase a turnkey asset with little to no management or capital needed, making this a stand-out to any investor.
Investment Highlights
  • Side-by-Side Triplexes with Individual Parcels
  • All 2-Bedroom Units with majority Single-Story Layout
  • Approximately $220,000 Infused in Recent Interior & Exterior Upgrades
  • New Kitchens w/Quartz Countertops & Stainless Steel Appliances, New Bathrooms & New Flooring
  • New Roof, New Windows, New Landscaping & Crisp New Exterior Paint
  • Master Lease Offers management Free Asset & Elevated Returns
  • Attractive Finaicning Available with Only 25% Down Payment

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
KM
Ken Morgan PRO
•••.•••.8800
kem@••••••••••••••••.com
Brokerage logo
Sold on
 BY:
RA
Rick Applebaum
•••.•••.8800
rma@••••••••••••••••.com
Brokerage logo
Sold on
 BY:
PE
Paul Espinosa
•••.•••.2688
paul@••••••••••••••••.com
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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Santa Ana, CA median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Santa Ana, CA (this market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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