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    931 S Standard Avenue

    Santa Ana, CA 92701
    • $5,350,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: OC20090173
    UPDATED: 12 min ago
    $5,350,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,784
      SQFT
    • $362
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    for the sale of 931 +GG 935 South Standard Avenue, a 24-unit apartment community located in Santa Ana, California. This property provides an investor the opportunity to acquire a high-quality asset in one of the most desirable markets in California.Built in 1958, 931-935 South Standard Avenue is a two story, 24-unit apartment community that is located on South Standard Ave in Santa Ana, CA. The property comprises 2 residential buildings totaling 14,784 rentable square feet. The complex is situated on an approximately 0.3642-acre site. The apartment homes feature spacious one-bedroom floor. The units feature kitchens, ceiling fans in select units, ovens, range and carpet flooring. The property features gated access, lush garden landscaping, and parking. It is within walking distance to Kennedy Elementary and Century Park High schools and retail shopping.Current Scheduled Income is effective 7/1/2020.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-04T14:30:39.53. 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/105767105

    931 S Standard Avenue Santa Ana, CA 92701

    • Price: $5,350,000
    • Status: Active
    • Updated: 12 min ago
    • ID#: OC20090173
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    14,784
    SQFT
    $362
    $/SQFT
    1958
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    for the sale of 931 +GG 935 South Standard Avenue, a 24-unit apartment community located in Santa Ana, California. This property provides an investor the opportunity to acquire a high-quality asset in one of the most desirable markets in California.Built in 1958, 931-935 South Standard Avenue is a two story, 24-unit apartment community that is located on South Standard Ave in Santa Ana, CA. The property comprises 2 residential buildings totaling 14,784 rentable square feet. The complex is situated on an approximately 0.3642-acre site. The apartment homes feature spacious one-bedroom floor. The units feature kitchens, ceiling fans in select units, ovens, range and carpet flooring. The property features gated access, lush garden landscaping, and parking. It is within walking distance to Kennedy Elementary and Century Park High schools and retail shopping.Current Scheduled Income is effective 7/1/2020.
    Exterior Features

    Garage Spaces 0.00 Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Total 24.00 Pool Features None Pool Private YN No Property Attached YN Yes

    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 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels Description 01125104 Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 5000.00 Elevation Units Feet Fuel Expense 7000.00 Gross Income 6785.00 Gross Operating Income 347924.00 Gross Scheduled Income 358685.00 Insurance Expense 2776.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 5161.00 Laundry YN Yes Maintenance Expense 3239.00 Net Operating Income 216894.00 New Construction YN No New Taxes Expense 66183.00 Number Of Separate Electric Meters 26 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 24 Operating Expense 131030.00 Other Expense 15393.00 Other Expense Description Misc. Other Income1 1624.00 Professional Management Expense 10417.00 Rent Control YN No Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Subdivision Name Other Other Supplies Expense 3605.00 Tenant Pays Electricity Total Actual Rent 27525.00 Total Expenses 131030.00 Trash Expense 3200.00 Vacancy Allowance 10760 Vacancy Allowance Rate 3.00 Water Sewer Expense 14218.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Mike Marcu of Mike Marcu, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-04T14:30:39.53. 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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