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    1/2 BATHS
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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

PRICE REDUCED! The Parton Street 4-plex apartments are a well located 4-plex in Santa Ana which are within walking distance of Orange County Superior Court, Orange County Public Health, Santa Ana City Hall and a host of other county related employment venues. The subject property features detached structures which were built in 1967 and 1996 respectively and the exterior is constructed almost completely of stucco, which limits exterior repair cost down the road. The buildings sit atop a large 7,802 square foot which is enclosed by a wooden fence creating added privacy for the residents. The apartments are occupied by long term tenants who enjoy the spacious apartments, a fenced yard area, enclosed garage parking (3 double car garages), an onsite laundry facility, and individual hot water heaters. The rare combination of being located near desirable county based employment, tenant amenities, and quality of construction will allow the Parton 4-plex apartments to be a sought after rental destination with a low cost of ownership for years to come. Income, Cap rate and GRM numbers are based on proforma rents. Actual rents are below market levels.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T08:25:09.053. 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 deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
www.searchwithcompass.com/homes/118583759
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1009 N Parton Street Santa Ana, CA 92701

  • Price: $1,195,000
  • Status: Active
  • Updated: 82 min ago
  • ID#: PW21135215
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1967
Built
Neighborhood:
Other (Othr)
County:
Orange
Area:
70 - Santa Ana North of First
Property Description
PRICE REDUCED! The Parton Street 4-plex apartments are a well located 4-plex in Santa Ana which are within walking distance of Orange County Superior Court, Orange County Public Health, Santa Ana City Hall and a host of other county related employment venues. The subject property features detached structures which were built in 1967 and 1996 respectively and the exterior is constructed almost completely of stucco, which limits exterior repair cost down the road. The buildings sit atop a large 7,802 square foot which is enclosed by a wooden fence creating added privacy for the residents. The apartments are occupied by long term tenants who enjoy the spacious apartments, a fenced yard area, enclosed garage parking (3 double car garages), an onsite laundry facility, and individual hot water heaters. The rare combination of being located near desirable county based employment, tenant amenities, and quality of construction will allow the Parton 4-plex apartments to be a sought after rental destination with a low cost of ownership for years to come. Income, Cap rate and GRM numbers are based on proforma rents. Actual rents are below market levels.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 5 Open Parking Spaces 2 Parking Features Garage Faces Rear Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.9 Common Interest None Community Features Sidewalks Electric Expense 480 Fuel Expense 390 Garage YN Yes Gross Income 900 Gross Scheduled Income 87300 Insurance Expense 1104 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalFhaFreddie MacVa Loan Maintenance Expense 2779 Net Operating Income 60175 New Construction YN No New Taxes Expense 13751 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 24506 Other Expense 968 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 140 Tenant Pays Cable TvElectricityGas Trash Expense 732 Vacancy Allowance 2619 Vacancy Allowance Rate 3 Water Sewer Expense 2160 Water Source Public

Listing provided courtesy of Michael Arp of Morgan Skenderian


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T08:25:09.053. 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 deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
 
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Brandon Hobbs Group | Compass
341 Bayside Drive
Newport Beach CA, 92660