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Santa Ana, CA 92701,1308 N Sycamore ST
Santa Ana, CA 92701,1308 N Sycamore ST
Santa Ana, CA 92701,1308 N Sycamore ST
$2,735,000
Est. payment /mo
$2,790,000
2.0%
Est.Price: ?

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0.34 Acres Lot
SOLD DATE : 11/13/2019

Key Details

Sold Price $2,735,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Other (Othr)

MLS Listing ID PW19149206

Year Built 1956

Lot Size 0.340 Acres

Property Description

Welcome to 1308-1320 N. Sycamore Street, an 11-unit apartment complex located in the heart of Santa Ana within an opportunity zone. Comprised of a 4-unit & 7-unit building on separate parcels (which can be purchased together or separately), 1308-1320 N. Sycamore Street has been beautifully & extensively renovated with 7 out of the 11 units remodeled and over $185,000 in recent improvements. Inside select renovated units you will find new kitchens with granite countertops, stainless steel appliances, new bathrooms with new vanities, tile shower walls and high-efficiency toilets and LED recessed lighting The exterior shines with new exterior paint, windows, asphalt, replaced and repaired roof and fresh landscaping. This investment opportunity is desirably located near Downtown Santa Ana, The County of Orange Federal & Judicial Buildings, Bowers Museum & Main Place Mall, allowing tenants to work and enjoy shopping, dining and entertainment all within city limits. 1308-1320 N. Sycamore offers immediate cash flow to a new investor with the opportunity to increase cash flow by renovating the remaining 4 units making this an excellent investment opportunity. *Opportunity Zone Investment, *4.8%CAP Rate on Current Rents, *3.9% Fixed Rate Financing with 32% Down Payment, 4-Plex & 7-Units on Separate Parcels (Can Be Purchased Together or Separately), *Major Renovations and Upgrades Completed- Interiors & Exterior, *In-Demand Rental Location Near Downtown Santa Ana & Bowers Museum

Location

State CA

County Orange

Area 70 - Santa Ana North Of First

Interior

Laundry None

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

Building

Lot Description 11-15 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Rick Applebaum • Morgan Skenderian
Bought with Rick Applebaum • Morgan Skenderian
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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