406 W Washington Avenue Santa Ana, CA
$ 2,170,000
Property Attributes
  • MLS#TR20180731
  • TypePending
  • CountyORANGE
  • CitySanta Ana
  • AreaSanta Ana South of First
  • NeighborhoodOther
  • Zip92706
  • Style
  • Price$ 2,170,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5200
  • Lot Size10,237 SqFt
Listing Provided Courtesy Of:
Sheng Wang with Century 21 Care.
Property Description

*Great Location in the City of Santa Ana. The 10 Units Apartment Building is in An Excellent Rental Area with Low Vacancy Rates. Two-Story 10-Unit Apartment Building is Located in High Demand Rental Desirable Neighborhood in the City of Santa Ana (Next to City of Tustin ). Building Inside Total 5,200 Sq. ft. New Paint on the Building. Newer Windows and All Units have been Fully Renovated. All One Bedroom with One Bath. Monthly Rent $1,350 with Individually Meters for Gas And Electricity. Annual Gross Income Approx. $162,000, Annual Expense $ 44,500 which includes Property Tax, Insurance , Gardener, Common Area Electricity , Water, Trash and Management Fee. Annual Net Operating Income Approx. $117,500. Cap Rate: 5.41 % with Current Property Tax Rate. Performa Annual Rental Income will be $173,400. Landlord Pays the Water/Trash/ Gas/ Gardener/ Property Tax /Insurance/ Management Fee . Separate On-Site None Operated Washer or Dryer. Currently No Additional Laundry Income. 10 Cars Garages Parking Spaces in Back of the Building. plus other parking spaces . Close to Freeway 5, Next to City of Tustin. Shopping Centers, Restaurants & Parks. Tenants with a "Month-To-Month" Lease Term Which Provides An Investor the Opportunity to Adjust the Rent in the future. Great investment opportunity For The Investor to Keep as a Long Term Investment. *Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants*

Price History
9/1/2020 Listed $2,170,000

General Features

Attached Structure Detached
Community Features Suburban
Directions Between Main and Flower
Garage Spaces 10.00
Levels Two
Listagentaor Tri-Counties
Listing Agent Sheng Wang - BRE#01772547
Listing Agent State License 01772547
MLS Area 69 - Santa Ana South of First
Pool Features None
Price Per Square Foot 417.31
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Unknown
Subdivision Name Other (OTHR)
Total Units 10

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Individual Room
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 5200.00
Lot Features Lot 10000-19999 Sqft
Lot Size Acres 0.2350
Lot Size Area 10237.0000
Lot Size Source Assessor
Lot Size Square Feet 10237.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 11
Number of Separate Gas Meters 11
Number of Separate Water Meters 1
Total Parking 10.00
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92706

AVG $820K
AVG 70
Year Built
AVG 1952

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