1813 Cedar, Santa Ana, CA 92707

$1,099,000

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List Price
$1,099,000
Status
ACTIVE
MLS#
PW26170158
Year Built
1963
Lot Size
6,098
Acres
0.14
Lot Location
0-1 Unit/Acre
Days on Market
1
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

FOUR 2-BEDROOM UNITS OFFERED AT $1,099,000. Fully occupied Santa Ana fourplex featuring four matching 2-bedroom, 1-bath units offered at approximately $274,750 per unit. The property provides eight total bedrooms, five covered carport spaces, separate gas and electric meters, and an on-site coin-operated laundry facility that generates additional income. Current rents total $4,860 per month, with all units occupied under month-to-month tenancies. The current rent roll may offer long-term income growth potential for an investor acquiring four 2-bedroom units at an attractive price per unit, subject to applicable rental regulations and tenant rights. The building contains approximately 3,689 square feet per public records and has been held by the same ownership for more than 25 years. Buyer to independently verify square footage, unit configuration, rents, expenses, laundry income, permits, property condition, and all applicable rental regulations. Please do not disturb occupants.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$60,480
Operating Expense
12582

Listing courtesy of Listing Agent: Marcus Bevans (mbevans@astutefh.com) from Listing Office: HomeSmart, Evergreen Realty.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.