1308 N Sycamore Street $2,735,000

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    1308 N Sycamore Street Santa Ana, CA 92701

    Closed
    SOLD 11/13/2019

    $2,735,000

    Market Estimate
    • 0 Beds
    • 0 Baths
    • 6,294 sq. ft.
    • Multi-Family
    • MLS# PW19149206
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    Views: 11

    Property Details

    Welcome to 1308-1320 N. Sycamore Street, an 11-unit apartment complex located in the heart of Santa Ana within an opportunity zone. Comprised of a 4-unit & 7-unit building on separate parcels (which can be purchased together or separately), 1308-1320 N. Sycamore Street has been beautifully & extensively renovated with 7 out of the 11 units remodeled and over $185,000 in recent improvements. Inside select renovated units you will find new kitchens with granite countertops, stainless steel appliances, new bathrooms with new vanities, tile shower walls and high-efficiency toilets and LED recessed lighting The exterior shines with new exterior paint, windows, asphalt, replaced and repaired roof and fresh landscaping. This investment opportunity is desirably located near Downtown Santa Ana, The County of Orange Federal & Judicial Buildings, Bowers Museum & Main Place Mall, allowing tenants to work and enjoy shopping, dining and entertainment all within city limits. 1308-1320 N. Sycamore offers immediate cash flow to a new investor with the opportunity to increase cash flow by renovating the remaining 4 units making this an excellent investment opportunity. *Opportunity Zone Investment, *4.8%CAP Rate on Current Rents, *3.9% Fixed Rate Financing with 32% Down Payment, 4-Plex & 7-Units on Separate Parcels (Can Be Purchased Together or Separately), *Major Renovations and Upgrades Completed- Interiors & Exterior, *In-Demand Rental Location Near Downtown Santa Ana & Bowers Museum

    • General Features
      • Number Of Separate Water Meters 4
      • Number Of Separate Electric Meters 11
      • Number Of Separate Gas Meters 11
      • Number Of Units Total 11
      • Year Built 1956
      • Subdivision Name Other (OTHR)
      • County Or Parish Orange
      • Number Of Buildings 4
      • Community Features Curbs, Sidewalks, Storm Drains
    • Building Features
      • Laundry Features None
    • Property Features
      • Lot Size Acres 0.33
      • Lot Features 11-15 Units/Acre
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 18.00

    Neighborhood

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    Market Last 30 Days In This Postal Code

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    Property History

    Date Event Price Percent Change
    -- New in Database Source
    11/13/2019 12:00:00 AM Sold Source New Value: $2,735,000
    Based on information from California Regional Multiple Listing Service, Inc. as of 5/31/2020 8:49:16 PM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.