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1905 W Myrtle Santa Ana, CA 92703
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Key Details
Sold Price $1,510,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID TR19073014
Year Built 1957
Lot Size 8,276 Sqft
Property Description
The Best Deal for Investor. NO RENT CONTROL! Located in a High Demand Area of Rental Apartments in the City Of Santa Ana. Total 6 Units. ALL 2 Bedrooms with 1 Bathroom in Each Unit (Approx. 750 Sq.Ft. Per Unit). Inside 4,501 Sq. Ft. with Lot Size 8,166 Sq. Ft. No Vacancy. 100% Occupancy. Long Term Tenants. Low Maintenance Fee. Current Monthly Rent for Each Unit $ 1,600 / $1,475 / $ 1,450 / $ 1,450 / $ 1,350 / $ 1,600. Pro Forma Monthly Rent Approx. $ 1,700. Current Monthly Gross Income $ 8,925. Annual Gross Rental Income $ 107,100. Current Annual Expenses: $ 22,950 ( Includes Annual Electricity $ 240 / Annual Gas : $ 2,196 / Annual Trash $ 2,184 / Annual Current Insurance $ 1,980 / Annual Current Property Tax : $ 15,600). Annual Net Income : $ 84,150. Current Cap Rate: 5.28% (With Current Existing Property Tax). Total Detached 6 Car Garage Spaces in the Back Yard. Easy Access to Freeways 5, 22 and 57. Close to Schools. Great Property for Investors!
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Laundry None
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Sidewalks
Building
Lot Description Front Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Sheng Wang • Century 21 Care
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