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2516 S Baker Street

Santa Ana, CA 92707
  • $1,600,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: OC23158196
UPDATED: 42 min ago
$1,600,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Shelly Kay Hilliard of Coldwell Banker Realty (714-374-4459)


Description

Introducing an extraordinary opportunity: an exclusive 4-unit multi-family investment nestled in the heart of Santa Ana, boasting an attractive 5% Cap rate. Experience a blend of excellence with (4) 2 Bed/1 Bath units, offering a total of 3,500 square feet of rentable space. Enhancing the allure, each tenant enjoys the luxury of a private 1-car garage, while Unit A & B offer their own secluded backyard/patio retreats. Recent light renovations have graced each unit, infusing a touch of modernity and revitalization. Elevating convenience, every unit is individually equipped with gas and electricity meters. Commanding a prime position on an expansive 6098 square foot lot, this property enjoys a coveted location within a mile of South Coast Metro and the central artery of Orange County's freeway network. This facilitates direct routes to Los Angeles, San Diego, and the Inland Empire. Notably, the property's accessibility is exceptional: a mere (5) minutes from John Wayne Airport, (45) minutes from LAX, and just (60) minutes from San Diego.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T12:32:25.023. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142838690
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2516 S Baker Street Santa Ana, CA 92707

  • Price: $1,600,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 42 min ago
  • MLS #: OC23158196
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1958
Built
Neighborhood:
Rosewood Baker
County:
Orange
Area:
69 - Santa Ana South of First
Property Description
Introducing an extraordinary opportunity: an exclusive 4-unit multi-family investment nestled in the heart of Santa Ana, boasting an attractive 5% Cap rate. Experience a blend of excellence with (4) 2 Bed/1 Bath units, offering a total of 3,500 square feet of rentable space. Enhancing the allure, each tenant enjoys the luxury of a private 1-car garage, while Unit A & B offer their own secluded backyard/patio retreats. Recent light renovations have graced each unit, infusing a touch of modernity and revitalization. Elevating convenience, every unit is individually equipped with gas and electricity meters. Commanding a prime position on an expansive 6098 square foot lot, this property enjoys a coveted location within a mile of South Coast Metro and the central artery of Orange County's freeway network. This facilitates direct routes to Los Angeles, San Diego, and the Inland Empire. Notably, the property's accessibility is exceptional: a mere (5) minutes from John Wayne Airport, (45) minutes from LAX, and just (60) minutes from San Diego.
Exterior Features

Construction Materials Stucco Entry Level 1 Entry Location Front Of Building Fencing Wrought Iron Foundation Details Slab Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Parking Features Door-SingleGarageGarage Faces Rear Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Alley PavedPaved Roof Asbestos Shingle Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas Range Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Tile Heating Wall Furnace Heating YN Yes Interior Features Granite CountersOpen FloorplanTile CountersBedroom On Main Level

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5 Common Interest None Community Features CurbsSidewalks Contingency Buyer To Cooperate With Sellers 1031 Exchange. Offer Subject To Inspection Current Financing Conventional Garage YN Yes Gross Income 0 Gross Scheduled Income 108960 Insurance Expense 2000 Land Lease YN No Laundry Features See Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 4000 Net Operating Income 82930 New Construction YN No New Taxes Expense 16000 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 25100 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Trash Expense 2000 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 930 Water Sewer Expense 700 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T12:32:25.023. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Shelly Kay Hilliard of Coldwell Banker Realty (714-374-4459)