Very rare offering of a Covington-style fourplex with an outstanding South Coast Metro Area location. Located in Santa Ana in an approximately 107-parcel multi-family development which is adjacent to the city of Costa Mesa. South Coast Plaza is 3/4 mile to the SE. With in excess of $1.5 billion in yearly sales, this retail mall has the highest sales volume in the U.S. Orange Coast College, the OC Fairgrounds, John Wayne Airport and the headquarters of Calvary Chapel--Costa Mesa are all within a short drive from the property.

The property consists of a single building which has a one-story, 3 BDR/1.75 BA unit in the front and three 2 BDR units in the two-story rear portion of the bulding. All units have individual water heaters and private yards or balconies. The building was constructed in 1968. There are four individual garage spaces plus five uncovered tandem spaces, all accessed from a rear alley. The 3 BDR units in this complex were designed to be desirable for owner occupancy and are very spacious, with a pitched roof and fireplace. As a result, these buildings are rarely offered for sale. There were no reported sales in this development in 2018 and the only reporsted 2019 sale was of two adjacent fourplexes which were master-leased to one party.

The property is fully-occupied with month-to-month tenancies. The lease rates are significantly below market. The property is owned by an estate that is liquidating its portfolio of properties.