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$ 2,400,000
Est. payment /mo
Active
615 E Civic Center Drive Santa Ana, CA 92701
2 Beds
2 Baths
7,500 Sqft Lot
UPDATED:
10/11/2024 11:38 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24210554
Bedrooms 2
HOA Y/N No
Lot Size 7,500 Sqft
Property Description
615 Civic Center East Drive, a prime 6-unit multifamily investment property located in the desirable French Park Historical Neighborhood of Santa Ana, CA. Built in 1978, this property features large six two-bedroom and two bath floorplans, complete with amenities such as garages, onsite laundry facility, patio or balconies, and fireplace (select units). The property has had recent capital improvements including upgraded windows, upgraded roof, upgraded facia boards, and is SB-721 compliant. Currently the property offering a 13.76 GIM and a 4.82% CAP rate, providing investors a great cashflow in a highly desirable location. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 0.4 miles from Santa Ana Metrolink Station, and 0.6 miles from the lively 4th Street Market and Downtown Santa Ana, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.90 miles of Santa Ana College, appealing to students and faculty. With proximity to the 5 Interstate, residents can conveniently connect to major employment hubs across Orange and Los Angeles Counties. This investment not only promises attractive living spaces but also the potential for strong tenant demand in a thriving area.
615 Civic Center East Drive, a prime 6-unit multifamily investment property located in the desirable French Park Historical Neighborhood of Santa Ana, CA. Built in 1978, this property features large six two-bedroom and two bath floorplans, complete with amenities such as garages, onsite laundry facility, patio or balconies, and fireplace (select units). The property has had recent capital improvements including upgraded windows, upgraded roof, upgraded facia boards, and is SB-721 compliant. Currently the property offering a 13.76 GIM and a 4.82% CAP rate, providing investors a great cashflow in a highly desirable location. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 0.4 miles from Santa Ana Metrolink Station, and 0.6 miles from the lively 4th Street Market and Downtown Santa Ana, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.90 miles of Santa Ana College, appealing to students and faculty. With proximity to the 5 Interstate, residents can conveniently connect to major employment hubs across Orange and Los Angeles Counties. This investment not only promises attractive living spaces but also the potential for strong tenant demand in a thriving area.
615 Civic Center East Drive, a prime 6-unit multifamily investment property located in the desirable French Park Historical Neighborhood of Santa Ana, CA. Built in 1978, this property features large six two-bedroom and two bath floorplans, complete with amenities such as garages, onsite laundry facility, patio or balconies, and fireplace (select units). The property has had recent capital improvements including upgraded windows, upgraded roof, upgraded facia boards, and is SB-721 compliant. Currently the property offering a 13.76 GIM and a 4.82% CAP rate, providing investors a great cashflow in a highly desirable location. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 0.4 miles from Santa Ana Metrolink Station, and 0.6 miles from the lively 4th Street Market and Downtown Santa Ana, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.90 miles of Santa Ana College, appealing to students and faculty. With proximity to the 5 Interstate, residents can conveniently connect to major employment hubs across Orange and Los Angeles Counties. This investment not only promises attractive living spaces but also the potential for strong tenant demand in a thriving area.
Location
State CA
County Orange
Area Oc - Santa Ana (92701)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Monthly Total Fees $128
Acceptable Financing Cash, Exchange
Space Rent $2,260
Listing Terms Cash, Exchange
Listed by Justin Butler • Kirklen Investment Group