324 E Pine Street

    Santa Ana, CA 92701
    • $1,400,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: OC20072762
    UPDATED: 26 min ago
    $1,400,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,350
      SQFT
    • $322
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1890
    County:

    School Ratings & Info

    Description

    I am pleased to present a unique opportunity located in one of Orange County+GGs strongest rental markets. This Historic property contains 5 + 1 Non-conforming Jr ADU unit in the heart of Santa Ana. The vintage property consists of One +GG 4 Bed / 1 Bath unit, Two +GG 2 Bed / 1 Bath Units, Two +GG Studio Units and 1 non-conforming Jr ADU studio Unit. The property has enclosed garages on site as well as a common laundry room that produces laundry income. The Owner is currently doing a RUBS program charging back for Water, trash and sewer to the tenants 90% of the bill calculated per capita. The property is located walking distance to Santa Ana High School and downtown. The owner has done several renovations over the years consisting of turning about half of the units and replacing 90% of the windows to vinyl retrofit windows, Rewire on most of the units and some new plumbing. A little bit about the history that this property holds with the city of Santa Ana: This is the JC Horton house, built by Reverend Wooten in 1890. Reverend Wooten was the first pastor of the 1st episcopal church in Santa Ana. He sold it to Horton right after it was built and raised his family there. Horton was the Santa Ana city founder and owned a furniture store with Spurgeon.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-04T13:29:12.387. 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 Powerhouse Real Estate. Licensed in the State of California, USA.

    www.thepowerhouserealestate.com/homes/105004608

    324 E Pine Street Santa Ana, CA 92701

    • Price: $1,400,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: OC20072762
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,350
    SQFT
    $322
    $/SQFT
    1890
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    I am pleased to present a unique opportunity located in one of Orange County+GGs strongest rental markets. This Historic property contains 5 + 1 Non-conforming Jr ADU unit in the heart of Santa Ana. The vintage property consists of One +GG 4 Bed / 1 Bath unit, Two +GG 2 Bed / 1 Bath Units, Two +GG Studio Units and 1 non-conforming Jr ADU studio Unit. The property has enclosed garages on site as well as a common laundry room that produces laundry income. The Owner is currently doing a RUBS program charging back for Water, trash and sewer to the tenants 90% of the bill calculated per capita. The property is located walking distance to Santa Ana High School and downtown. The owner has done several renovations over the years consisting of turning about half of the units and replacing 90% of the windows to vinyl retrofit windows, Rewire on most of the units and some new plumbing. A little bit about the history that this property holds with the city of Santa Ana: This is the JC Horton house, built by Reverend Wooten in 1890. Reverend Wooten was the first pastor of the 1st episcopal church in Santa Ana. He sold it to Horton right after it was built and raised his family there. Horton was the Santa Ana city founder and owned a furniture store with Spurgeon.
    Exterior Features

    Garage Spaces 5.00 Lot Features 2-5 Units/AcreLot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 7.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances Gas RangeWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Heating CentralWall FurnaceForced Air Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.20 Community Features CurbsSidewalksStreet Lights Country Us Electric Standard Electric Expense 480.00 Elevation Units Feet Fuel Expense 1800.00 Garage Income 275.00 Gross Income 89947.00 Gross Scheduled Income 86580.00 Insurance Expense 1650.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 200.00 Laundry YN Yes Net Operating Income 58812.00 New Construction YN No New Taxes Expense 15796.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 31135.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Sewer Assessments Special Listing Conditions Standard Subdivision Name Other Eastside Total Expenses 31135.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 4800.00 Water Source Public Year Built Source Seller Zoning R-3

    Listing provided courtesy of Brenden Felix of Brenden Felix


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-04T13:29:12.387. 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 Powerhouse Real Estate. Licensed in the State of California, USA.

     
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