$2,808,000
$2,900,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
1001 W Stevens AVE Santa Ana, CA 92707
Key Details
Sold Price $2,808,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision South Coast Terrace (Sctr)
MLS Listing ID OC18107848
Sold Date 10/25/18
HOA Fees $407/mo
HOA Y/N Yes
Year Built 1972
Property Description
REDUCED PRICE!!! Best ROI on the market! But that’s just the beginning. This is a truly unique opportunity to have an income property better than anything else on the market. This offering consists of 10 units located in the highly desirable South Coast Metro area (1001 W. Stevens). There are 9 two-bedroom units and 1 three-bedroom unit that are fully rented with seasoned tenants and ROI calculations that are based on REAL (not projected) numbers, which means your Buyer gets condominium benefits along with apartment building convenience & revenue. Under the same ownership for over TEN years, the units have a proven track record of low vacancies (1% average), low operating costs and smooth & consistent operation. And because this is a planned community, most of the larger expenses (Insurance, landscape, utilities) as well as big-ticket capital expenses (roofs, paint, pools, termite, etc.) are included in the low HOA dues which means (best part) they are ALREADY included in the ROI projections. Few (if ANY) other listings on the market make such considerations or can boast REAL (not projected or potential) rents & expenses. Lastly, the condo community has undergone a major renovation over the past several years. Termite, roofs, pools, paint, balconies (and more) have been replaced and won’t need to be done again for years to decades. Contact selling Broker for more details not listed in this narrative.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Detached Carport, Gated, Permit Required
Carport Spaces 10
Pool Community, Association
Community Features Suburban, Pool
Utilities Available Cable Available, Electricity Available, Natural Gas Connected, Water Connected
Amenities Available Dues Paid Monthly, Gas, Pool, Guard, Spa/Hot Tub, Trash, Water
Parking Type Detached Carport, Gated, Permit Required
Total Parking Spaces 10
Private Pool No
Building
Lot Description Paved
Story 2
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
HOA Name South Coast Terrace
Senior Community No
Tax ID 93041401
Security Features Gated with Guard
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Trade
Special Listing Condition Standard
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Bought with DANIEL HU • RE/MAX CONNECT
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442