Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1987
Sq.Footage
N/A
The Park Town Luxury Townhomes are located in the City of Santa Ana, one of the strongest rental markets in Southern California. The City of Santa Ana is a historic city with a vibrant downtown located in Orange County. Built in 1987, the subject property offers a unit mix consisting of (6) three-bedroom/ two-bathroom units and (13) two-bedroom/ two-bathroom townhouse-style units totaling 20,525 square feet, situated over a 17,493 square foot lot. The subject property has recently gone through an extensive $350K exterior and interior renovation. Some upgrades include but are not limited to new roofs, new flooring, new kitchens, updated bathrooms, new windows, new plumbing, and new decking. Some tenant amenities include a large courtyard, gated security access, ample on-site subterranean parking, elevator access, and in-unit washer & dryer hookups. This offering represents a rare opportunity for an investor to achieve a 4.6% CAP Rate and 8% Total Return on current income for a stable, turnkey investment property in the desirable rental market of Santa Ana, California.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Parking
Underground
-
Pool
Yes
-
Pool Features
None
Area & Lot
-
Lot Features
Near Public Transit
-
Lot Size(acres)
0.4015
-
Property Type
Residential Income
Price
-
Sales Price
$7,525,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Orange
Elementary School
Middle School
High School
Listing Courtesy of Greg Bassirpou , Marcus & Millichap RE Invest
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