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Blue Pacific Property

Tustin, CA 92780

714-641-0593
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Listing 17 out of 133
$3,988,888 For Sale

405 W 10th Street
Santa Ana, CA 92701

19 units | Multi Family Home
12197 sq ft lot - MLS# OC19105654
Property Photo

Description

Perfect investment opportunity located in desirable prime location of Santa Ana with a performa cap rate of 5.97% (based on performa rent and actual 2018 expenses). This two story building has been well maintained, has low expenses, and is occupied by established residents, some for more than 20 years. This 19 unit building is comprised of a very desirable unit mix of 3- Studios, 12- 1 bed/ 1 bath, and 4 - 2 bed/1 bath that has total rentable square footage of approximately 13,950 and lot size of 12,197 square feet on a corner lot. Property consists of on-site laundry facility, 4 garages and 10 additional parking for tenants, as well as 6 street permit parking through the city. *Highly Motivated Seller*

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92701
  • Year Built: 1958
  • Subdivision/Neighborhood: Other
  • Stories: Two
  • Units: 19 units
  • # of Parking Spaces: 14.00
  • Lot Size: 12197 sq ft lot
  • Area: 71 - Tustin
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 13950.00
  • Building Area Units: Square Feet
  • Cap Rate: 5.97
  • Co-Listing Agent License: 01730540
  • Co-Listing Office License: 01760479
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Sidewalks, Street Lights
  • Country: US
  • Directions: 10th and Riverine
  • Electric Expense: 2136.00
  • Fuel Expense: 6416.00
  • Garage Spaces: 4.00
  • Gardener Expense: 900.00
  • Gross Income: 299970.00
  • Gross Multiplier: 13.30
  • Gross Operating Income: 296970.00
  • Gross Scheduled Income: 312600.00
  • Insurance Expense: 5277.00
  • Laundry Features: Common Area
  • Laundry Income: 3000.00
  • Laundry YN: Yes
  • Listing Agent License: 01760479
  • Listing Office License: 01760479
  • Lot Features: 16-20 Units/Acre
  • Lot Size Area: 12197.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 238363.00
  • New Taxes Expense: 28001.00
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 19
  • Operating Expense: 61607.00
  • Other Expense: 452.00
  • Other Expense Description: Permits
  • Parking Features: Assigned, Garage, Off Street
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Expenses: 61607.00
  • Trash Expense: 5918.00
  • Uncovered Spaces: 10.00
  • Water Sewer Expense: 12507.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Ahmad Bdeiwi, Ahmad Bdeiwi

 

BLUE PACIFIC PROPERTY
1432 Edinger Ave., STE 200
Tustin, California 92780

 

Mailing Address
P.O. Box 2968
Costa Mesa, CA 92628


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714-641-0593

info@bluepacificproperty.com
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