Sold: Nov 19, 2021
Address
311 E Pine Street Santa Ana, CA
Price
$ 7,500,000
Property Attributes
  • MLS#OC21178404
  • TypeIncome
  • CountyORANGE
  • CitySanta Ana
  • Zip92701
  • Style
  • Price$ 7,500,000
  • Bedrooms19
  • Full Bathrooms19
  • Half Bathrooms0
  • Sqr Footage20525
  • Lot Size0.4 Acres
Listing Provided Courtesy Of:
Greg Bassirpou with Marcus & Millichap RE Invest -
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

The Park Town Luxury Townhomes are located in the City of Santa Ana, one of the strongest rental markets in Southern California. The City of Santa Ana is a historic city with a vibrant downtown located in Orange County. Built in 1987, the subject property offers a unit mix consisting of (6) three-bedroom/ two-bathroom units and (13) two-bedroom/ two-bathroom townhouse-style units totaling 20,525 square feet, situated over a 17,493 square foot lot. The subject property has recently gone through an extensive $350K exterior and interior renovation. Some upgrades include but are not limited to new roofs, new flooring, new kitchens, updated bathrooms, new windows, new plumbing, and new decking. Some tenant amenities include a large courtyard, gated security access, ample on-site subterranean parking, elevator access, and in-unit washer & dryer hookups. This offering represents a rare opportunity for an investor to achieve a 4.6% CAP Rate and 8% Total Return on current income for a stable, turnkey investment property in the desirable rental market of Santa Ana, California.

Price History
8/13/2021 Listed $7,525,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92701

Price
AVG $4.16M
$7.5M

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