$4,525,000
$5,180,000
12.6%For more information regarding the value of a property, please contact us for a free consultation.
931 S Standard Avenue Santa Ana, CA 92701
1 Bed
1 Bath
7,841 Sqft Lot
Key Details
Sold Price $4,525,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23027454
Bedrooms 1
Lot Size 7,841 Sqft
Property Description
With a proven market rent upside, including a RUBS program for water, sewer, and trash, this offering provides an attractive "Going In" capitalization rate approaching 5% and a very attractive "Market Rent" capitalization rate. The existing loan of approximately $3,170,000 can be assumed, at a fixed interest rate of 2.90%, or a new loan can be placed on the property. Rents are effective March 1st, 2023.
With a proven market rent upside, including a RUBS program for water, sewer, and trash, this offering provides an attractive "Going In" capitalization rate approaching 5% and a very attractive "Market Rent" capitalization rate. The existing loan of approximately $3,170,000 can be assumed, at a fixed interest rate of 2.90%, or a new loan can be placed on the property. Rents are effective March 1st, 2023.
Location
State CA
County Orange
Area Oc - Santa Ana (92701)
Zoning Assessor
Exterior
Garage Unit1:Assigned
Building
Lot Description Curbs
Story 2
Sewer Sewer Connected
Others
Monthly Total Fees $248
Space Rent $33,196
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Bought with Mike Marcu • Mike Marcu, Broker