8
See all 8 photos
$1,395,000
Est. payment /mo
6,534 Sqft Lot
Price Dropped by $5K
1039 W Central AVE Santa Ana, CA 92707
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25122086
HOA Y/N No
Year Built 1977
Lot Size 6,534 Sqft
Property Sub-Type Quadruplex
Property Description
Great value-Great price income property is up to grab for a saavy investor. Rare to find 4plex that comes with 5 garage and is located in a highly desirable area near South Coast plaza. Owner has spent over $60K to upgrade the property where there is brand new roof, new paint, recent interior renovation and best of yet - tenants have been living there for years on a month to month lease. There is at a minimum 10% upside on the rent. Definitely gives positive cash flow for return on investment. All units' balcony has been redone and One of the units (3beds.2baths) just got a brand new kitchen. New owner can add laundry for additional income. Parking will never be an issue here since there are additional parking spaces in the common area as well as street parking. There is HOA fee roughly about $380/month that covers trash, landscape, and outside maintenance. This definitely gives a great return on investment and is a rare find!
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description Greenbelt
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 41042107
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Lily Le 999 Investments, Inc 714-487-9176