939-1001 S Standard Avenue

    Santa Ana, CA 92701
    • $5,040,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: OC20070407
    UPDATED: 33 min ago
    $5,040,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,784
      SQFT
    • $341
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire 939 - 1001 South Standard Avenue, a 24-unit multifamily investment property located in Santa Ana, California.Built in 1958, 939 - 1001 South Standard Avenue consists of 24 one-bedroom units on two adjacent parcels. Most units have been partially renovated with upgraded flooring, kitchen, and bath. Amenities include open parking, gated access, and on-site laundry.

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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/104887827

    939-1001 S Standard Avenue Santa Ana, CA 92701

    • Price: $5,040,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: OC20070407
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    14,784
    SQFT
    $341
    $/SQFT
    1958
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    We are pleased to present the opportunity to acquire 939 - 1001 South Standard Avenue, a 24-unit multifamily investment property located in Santa Ana, California.Built in 1958, 939 - 1001 South Standard Avenue consists of 24 one-bedroom units on two adjacent parcels. Most units have been partially renovated with upgraded flooring, kitchen, and bath. Amenities include open parking, gated access, and on-site laundry.
    Exterior Features

    Garage Spaces 0.00 Lot Features Level With Street Lot Size Source Assessor Lot Size Units Acres Parking Total 24.00 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 Common Area Levels Two

    Property Features

    Additional Parcels Description 01125106 Additional Parcels YN Yes Building Area Units Square Feet Community Features CurbsGuttersSidewalks Country Us Electric Expense 6484.50 Elevation Units Feet Fuel Expense 6484.50 Gross Income 356100.00 Gross Operating Income 345597.00 Gross Scheduled Income 350100.00 Insurance Expense 5681.00 Land Lease YN No Laundry YN Yes Maintenance Expense 14400.00 Net Operating Income 201795.00 New Construction YN No New Taxes Expense 62687.00 Number Of Separate Electric Meters 24 Number Of Separate Gas Meters 24 Number Of Separate Water Meters 1 Number Of Units Leased 24 Operating Expense 143802.00 Other Expense 23000.00 Other Expense Description Misc Other Income1 6000.00 Professional Management Expense 12096.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 29175.00 Total Expenses 143802.00 Trash Expense 6484.50 Vacancy Allowance 10503 Water Sewer Expense 6484.50 Water Source Public Year Built Source Assessor Zoning R3

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    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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