1102 French
Property Description
Turn-key investment opportunity in Santa Ana's desirable French Park neighborhood! This 4-unit property, including a fully permitted ADU, currently generates approximately $11,400/month, with a pro forma of approximately $12,900/month. All units have been extensively remodeled with updated kitchens, bathrooms, flooring, paint, and partial plumbing and electrical upgrades. Unit mix includes a 2 bed/2 bath + den, 3 bed/2 bath, 1 bed/1 bath, and 2 bed/1 bath. The front unit also features in-unit laundry, a basement, and private backyard. Three units have separate electric meters, and three are rented fully furnished. New appliances and furnishings are included with the sale. Excellent cash-flow opportunity with a reported 6.3% cap rate and 12.4 GRM, plus on-site parking and a convenient location just blocks from Downtown Santa Ana. The adjacent property at 1104 French St. is also available and may be purchased separately or together. Seller has obtained permits for an additional ADU to be built.
Broker Details
ALT FINANCIAL NETWORK INC. (714) 751-6666
MLS ID: NP61614 State License Number: 02233602
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,699,000 |
| No. of Units: | 4 |
| Year Built: | 1917 |
| Opportunity Zone: | No |
| Price per unit: | $424,750 |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 6 |
ID: 3yd-MRMLSCA-NP26188531
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