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2110 Obarr Place

Santa Ana, CA 92705
  • $1,650,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: PW21242331
UPDATED: 56 min ago
$1,650,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1977
County:

School Ratings & Info

Listing Agent: Eric Guichet of South Coast Investment Prop.


Description

Pride of ownership Covington style 4-plex in Santa Ana (really city of Orange) north of the 5 freeway. The unit mix includes (1) 3 bedroom 2 bath, (2) 2 bedroom 1 bath and (1) 1 bedroom 1 bath units. This property has approx. 4,066 Sq Ft of living space and is located on a large lot 8,276 Sq Ft with abundant off-street parking. 7 total garage spaces as the front unit has a double car garage and there are 5 single car garages as well (potential for garage income). Tons of amenities for the tenants that include private patios and or balconies, onsite laundry, forced air heating and wall air conditioning, and a fireplace with washer and dryer hook ups in the 3 bedroom unit. Roof has been replaced within the last 5 years and the building was freshly painted as well. The yearly gross scheduled income is excellent at $97,464 and still room to raise rent. Tenants pay for all utilities (they are billed directly for water and trash). This property has it all. Hard to find a value add deal with a going in cap rate of 4.2+%. Great for Owner Occupant!!!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T17:26:19.93. 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 Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123078575
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2110 Obarr Place Santa Ana, CA 92705

  • Price: $1,650,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 56 min ago
  • ID#: PW21242331
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1977
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
Pride of ownership Covington style 4-plex in Santa Ana (really city of Orange) north of the 5 freeway. The unit mix includes (1) 3 bedroom 2 bath, (2) 2 bedroom 1 bath and (1) 1 bedroom 1 bath units. This property has approx. 4,066 Sq Ft of living space and is located on a large lot 8,276 Sq Ft with abundant off-street parking. 7 total garage spaces as the front unit has a double car garage and there are 5 single car garages as well (potential for garage income). Tons of amenities for the tenants that include private patios and or balconies, onsite laundry, forced air heating and wall air conditioning, and a fireplace with washer and dryer hook ups in the 3 bedroom unit. Roof has been replaced within the last 5 years and the building was freshly painted as well. The yearly gross scheduled income is excellent at $97,464 and still room to raise rent. Tenants pay for all utilities (they are billed directly for water and trash). This property has it all. Hard to find a value add deal with a going in cap rate of 4.2+%. Great for Owner Occupant!!!
Exterior Features

Lot Features LawnLandscaped Number Of Separate Electric Meters 4 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.24 Common Interest None Community Features BikingCurbs Contingency Contingent On Sale Of 2 Properties Next Door To Each Other. Can Be Different Buyers. This Property Must Be Sold With 2109 Obarr PlaceSanta AnaCa Mls #Pw21242376 Electric Expense 402 Fuel Expense 1230 Garage YN Yes Gross Income 101094 Gross Scheduled Income 97464 Insurance Expense 2019 Land Lease YN No Laundry Features Common AreaWasher HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 1366 Net Operating Income 70031 New Construction YN No New Taxes Expense 18810 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 31063 Pest Control Expense 420 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 2995 Vacancy Allowance Rate 3 Water Sewer Expense 3281 Water Source Other



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T17:26:19.93. 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 Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Eric Guichet of South Coast Investment Prop.