Santa Ana, CA 92703,1905 W Myrtle
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Santa Ana, CA 92703,1905 W Myrtle
Santa Ana, CA 92703,1905 W Myrtle
Santa Ana, CA 92703,1905 W Myrtle
Santa Ana, CA 92703,1905 W Myrtle

$1,510,000

Est. payment /mo

$1,595,000

5.3%
Est.Price: ?

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1905 W Myrtle Santa Ana, CA 92703

8,276 Sqft Lot

SOLD DATE : 10/14/2019

Key Details

Sold Price $1,510,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Other (Othr)

MLS Listing ID TR19073014

Sold Date 10/14/19

HOA Y/N No

Year Built 1957

Lot Size 8,276 Sqft

Property Description

The Best Deal for Investor. NO RENT CONTROL! Located in a High Demand Area of Rental Apartments in the City Of Santa Ana. Total 6 Units. ALL 2 Bedrooms with 1 Bathroom in Each Unit (Approx. 750 Sq.Ft. Per Unit). Inside 4,501 Sq. Ft. with Lot Size 8,166 Sq. Ft. No Vacancy. 100% Occupancy. Long Term Tenants. Low Maintenance Fee. Current Monthly Rent for Each Unit $ 1,600 / $1,475 / $ 1,450 / $ 1,450 / $ 1,350 / $ 1,600. Pro Forma Monthly Rent Approx. $ 1,700. Current Monthly Gross Income $ 8,925. Annual Gross Rental Income $ 107,100. Current Annual Expenses: $ 22,950 ( Includes Annual Electricity $ 240 / Annual Gas : $ 2,196 / Annual Trash $ 2,184 / Annual Current Insurance $ 1,980 / Annual Current Property Tax : $ 15,600). Annual Net Income : $ 84,150. Current Cap Rate: 5.28% (With Current Existing Property Tax). Total Detached 6 Car Garage Spaces in the Back Yard. Easy Access to Freeways 5, 22 and 57. Close to Schools. Great Property for Investors!

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 00734219

Energy Description 2196.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Sheng Wang • Century 21 Care
Bought with Sheng Wang • Century 21 Care
agent

Dan McLemore

Agent | License ID: 02043167

+1(562) 534-1673

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