Santa Ana, CA 92701,222 Cypress Avenue
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Santa Ana, CA 92701,222 Cypress Avenue
Santa Ana, CA 92701,222 Cypress Avenue
Santa Ana, CA 92701,222 Cypress Avenue
Santa Ana, CA 92701,222 Cypress Avenue

$1,250,000

Est. payment /mo

$1,195,000

4.6%
Est.Price: ?

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222 Cypress Avenue Santa Ana, CA 92701

7 Beds

4 Baths

7,505 Sqft Lot

SOLD DATE : 12/09/2021

Key Details

Sold Price $1,250,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC21225300

Bedrooms 7

Lot Size 7,505 Sqft

Property Description

Three Unit Multi-Family Community located in Santa Ana. This property offers a unit mix consisting of one five-bedroom/ two-bathroom house, one Remodeled Two-bedroom/ one-bathroom unit, and one Remodeled Studio unit - all units consist a total of 2,614 livable square feet, on a 7,500 square foot lot with separate electric and gas meters for each unit. The subject property features tenant amenities such as: a large yard, on-site parking, washer/dryer hookups, and patios. Located in close proximity to the vibrant Downtown area and the Santa Ana Civic Center, providing immediate access to the 5 Freeway. This is a rare opportunity for an investor to acquire a 6.17% Cap Rate for a Stable Investment property in the solid rental market of Santa Ana, California.
Three Unit Multi-Family Community located in Santa Ana. This property offers a unit mix consisting of one five-bedroom/ two-bathroom house, one Remodeled Two-bedroom/ one-bathroom unit, and one Remodeled Studio unit - all units consist a total of 2,614 livable square feet, on a 7,500 square foot lot with separate electric and gas meters for each unit. The subject property features tenant amenities such as: a large yard, on-site parking, washer/dryer hookups, and patios. Located in close proximity to the vibrant Downtown area and the Santa Ana Civic Center, providing immediate access to the 5 Freeway. This is a rare opportunity for an investor to acquire a 6.17% Cap Rate for a Stable Investment property in the solid rental market of Santa Ana, California.

Location

State CA

County Orange

Area Oc - Santa Ana (92701)

Zoning Assessor

Building

Lot Description Corner Lot, Curbs, Sidewalks

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $3,700

Listing Terms Cash, Conventional, Exchange

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San Diego Regional MLS (SDMLS)
Listed by Prashant Sampat • Pacific Avenue Realty
Bought with Ericka McAbee • Compass

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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