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    2222 W Edinger Avenue

    Santa Ana, CA 92704
    • $625,000
    • STATUS: Active Under Contract
    • ON SITE: 43 days
    • ID#: PW20166320
    Under Contract
    UPDATED: 30 min ago
    $625,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,378
      SQFT
    • $454
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    AUCTION SALE: This IS NOT a distressed or REO property. Lowest priced triplex in Orange County. Priced at only 13.5 x gross and at a 4.69% cap rate on current rents and expenses. Upside in rents allows for a market GRM of only 7.65 x gross and a cap rate of 10.2%. Located less than 1 mile from Mater Dei High School. In close proximity to plenty of restaurants, schools and shopping in the Centennial Park/Adams neighborhood of Santa Ana, one of Orange County's best rental markets. This property has been rented to the same tenants for over 20 years who always pay on time and are very cooperative. Large front patios for two front units and large backyard area for rear tenant. Units consist one 2 bedroom 1 bath and two 1 bedroom one baths. Great visibility - Corner lot location. Income includes $650 for yard area. Call listing agent for more info.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T15:32:30.467. 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 or First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/108934767
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    2222 W Edinger Avenue Santa Ana, CA 92704

    • Price: $625,000
    • Status: Active Under Contract
    • Updated: 30 min ago
    • ID#: PW20166320
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,378
    SQFT
    $454
    $/SQFT
    1941
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    AUCTION SALE: This IS NOT a distressed or REO property. Lowest priced triplex in Orange County. Priced at only 13.5 x gross and at a 4.69% cap rate on current rents and expenses. Upside in rents allows for a market GRM of only 7.65 x gross and a cap rate of 10.2%. Located less than 1 mile from Mater Dei High School. In close proximity to plenty of restaurants, schools and shopping in the Centennial Park/Adams neighborhood of Santa Ana, one of Orange County's best rental markets. This property has been rented to the same tenants for over 20 years who always pay on time and are very cooperative. Large front patios for two front units and large backyard area for rear tenant. Units consist one 2 bedroom 1 bath and two 1 bedroom one baths. Great visibility - Corner lot location. Income includes $650 for yard area. Call listing agent for more info.
    Exterior Features

    Architectural Style Bungalow Carport Spaces 3.00 Construction Materials FrameWood Siding Direction Faces North Fence YN Yes Fencing Average ConditionWood Foundation Details Raised Garage Spaces 0.00 Lot Features 0-1 Unit/AcrePark Nearby Lot Size Source Assessor Lot Size Units Square Feet Other Structures Storage Parking Features CarportDrivewayConcretePavedGatedOn SiteParking SpaceSee Remarks Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Uncovered Spaces 3.00 View Neighborhood View YN Yes

    Interior Features

    Appliances Disposal Appliances YN Yes 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 2+ Common Walls Cooling None Cooling YN No Door Features Panel Doors Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Laundry Features None Levels One Room Type All Bedrooms Down Window Features Wood Frames

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.69 Community Features SidewalksStreet LightsSuburban Country Us Current Financing Conventional Electric Expense 1800.00 Elevation Units Feet Fuel Expense 660.00 Gross Income 37680.00 Gross Multiplier 13.50 Gross Operating Income 36927.00 Gross Scheduled Income 37680.00 Insurance Expense 800.00 Land Lease YN No Laundry YN No Net Operating Income 23962.00 New Construction YN No New Taxes Expense 5865.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 12965.00 Operating Expense Percent 34.40 Other Income1 650.00 Property Condition Repairs Cosmetic Rent Control YN Yes Senior Community YN No Sewer Sewer Paid Special Listing Conditions Auction Subdivision Name Other Unknown Tenant Pays Cable TvTelephone Total Actual Rent 3140.00 Total Expenses 12965.00 Trash Expense 1920.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 753 Vacancy Allowance Rate 2.00 Water Sewer Expense 1920.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Michael Lembeck of Re/Max Property Connection


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T15:32:30.467. 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 or First Team Real Estate. Licensed in the State of California, USA.

     
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