802 N Spurgeon Street, Santa Ana, CA 92701
- $1,925,000
- List Price
- $1,925,000
- Price Change
- ▼ $25,000 1751492954
- Status
- ACTIVE
- MLS#
- PW25143945
- Year Built
- 1937
- Lot Size
- 9,312
- Acres
- 0.21
- Lot Location
- Corner Lot
- Days on Market
- 18
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- French Park Condos (Frpc)
Property Description
An excellent opportunity to acquire a 6-unit multifamily building in Santa Ana. Located at 802 N Spurgeon St, this multifamily asset was built in 1937. It offers (4) 2 bed + 1 bath units and (2) 1 bed + 1 bath units that also have additional dining rooms. Residents of the property enjoy use of an off-street parking a lot, as well as three garages for additional storage. The buildings boast a total of 5,042 gross rentable square feet on a large 9,288 square foot corner lot. Tenants enjoy the ability to quickly walk to food halls, bars, restaurants and stores in the Downtown area. Buyers will notice a number of similar sized apartment buildings in the neighborhood that have been beautifully renovated to include luxury finishes and cater to a high-end tenant demographic. These neighboring properties serve as an excellent proof of concept for what can be done with this property and the achievable market rental income. -6 charming units in Historic French Park -Large 9,288 square foot lot -Solid in-place income and significant upside -Walking distance to 4th Street & Downtown Santa Ana -Most rapidly gentrifying neighborhood in Santa Ana
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Additional Information
- Pool Description
- None
- Heat
- Forced Air
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $159,876
- Operating Expense
- 56275
Listing courtesy of Listing Agent: Justin White (thesbgbp@gmail.com) from Listing Office: Justin White.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.