16
See all 16 photos
$1,275,000
Est. payment /mo
4 Beds
4 Baths
6,141 Sqft Lot
Price Dropped by $25K
626 E 3rd Santa Ana, CA 92701
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26115970
Bedrooms 4
Lot Size 6,141 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present the opportunity to acquire a turnkey investment property located at 626 E. 3rd St. in Santa Ana. The property consists of four (4) fully updated one-bedroom one-bathroom units that have undergone significant interior and exterior renovations by the current owner. Property upgrades include new appliances, flooring, kitchens, bathrooms, doors, double-pane windows, paint, and A/C units, all of which have been completed to code. A new owner will benefit from all units currently achieving market rents in addition to a recent rental increase for two units, allowing for ease of management and future annual rental increases in accordance with the City of Santa Ana rent control guidelines. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water and trash. The property exudes pride of ownership and is ideally situated within walking distance of Downtown Santa Ana. The asset also benefits from a large 6,141 SF lot and is zoned SD-84, which may allow for the addition of more units to the site - buyer to verify with the City of Santa Ana. Additionally, the property is conveniently located near public transportation, including Amtrak and Metrolink stations nearby. Residents are within walking distance to numerous downtown amenities, including 4th Street Market, The Copper Door, The Yost Theater, The Frida Cinema, Santa Ana Zoo, Main Place Mall, Riverview Golf Course, along with a variety of restaurants, entertainment, and nightlife destinations. The property also offers convenient access to the 5, 5
Location
State CA
County Orange
Zoning Public Rec
Direction Exit 5 Freeway on 1st St. Head West on 1st St. Take a right on North Lacy St. Take Left on East 3rd St.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 39848210
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Christian Espinoza, DRE#02062988 Greysteel California, Inc.
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