601 S Main Street

    Santa Ana, CA 92701
    • $1,100,000
    • STATUS: Active
    • ON SITE: 124 days
    • ID#: PW20022326
    UPDATED: 61 min ago
    $1,100,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,190
      SQFT
    • $345
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    We are pleased to offer 601 S. Main Street, a charming historic brick-sided 4-plex located in the highly in-demand rental market of Santa Ana. Ideally situated on a corner lot, 601 S. Main Street is just half a mile from Downtown Santa Ana. Downtown is rapidly gentrifying as the best location within the city, stacked full of eclectic eateries, elevated dining, a bustling nightlife, shopping and a host of other activities that appeal to all ages. The offering at 601 S. Main Street is comprised of all highly favorable 2-bedroom units, each with a patio/balcony. Additionally, 3 out of the 4 units offer garage parking to accompany the open parking offering ample spots for everyone. The investment opportunity at 601 S. Main Street offers a new investor the opportunity to own a low maintenance investment property with arguably the best location on the market today. With as little as 25% down payment and easily obtainable market rents, 601 S. Main Street is an exceptional opportunity for all types of investors to own in one of the strongest rental markets within Orange County.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-04T11:25:29.653. 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/102813871

    601 S Main Street Santa Ana, CA 92701

    • Price: $1,100,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: PW20022326
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    3,190
    SQFT
    $345
    $/SQFT
    1921
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    We are pleased to offer 601 S. Main Street, a charming historic brick-sided 4-plex located in the highly in-demand rental market of Santa Ana. Ideally situated on a corner lot, 601 S. Main Street is just half a mile from Downtown Santa Ana. Downtown is rapidly gentrifying as the best location within the city, stacked full of eclectic eateries, elevated dining, a bustling nightlife, shopping and a host of other activities that appeal to all ages. The offering at 601 S. Main Street is comprised of all highly favorable 2-bedroom units, each with a patio/balcony. Additionally, 3 out of the 4 units offer garage parking to accompany the open parking offering ample spots for everyone. The investment opportunity at 601 S. Main Street offers a new investor the opportunity to own a low maintenance investment property with arguably the best location on the market today. With as little as 25% down payment and easily obtainable market rents, 601 S. Main Street is an exceptional opportunity for all types of investors to own in one of the strongest rental markets within Orange County.
    Exterior Features

    Garage Spaces 3.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    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 No Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.40 Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Multiplier 14.67 Gross Operating Income 72750.00 Gross Scheduled Income 75000.00 Insurance Expense 1359.00 Land Lease YN No Laundry YN No Maintenance Expense 3638.00 Maintenance Percent 5.00 Net Operating Income 48539.00 New Construction YN No New Taxes Expense 12149.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 24211.00 Operating Expense Percent 32.30 Other Expense 5197.00 Other Expense Description Utility Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Henninger Park Total Expenses 24211.00 Trash Expense 0.00 Vacancy Allowance 2250 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Rick Applebaum of Morgan Skenderian and Paul Espinosa of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-04T11:25:29.653. 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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