1419 1423 S Sycamore Street

Santa Ana , CA 92707

MLS#: PW25107267

$3,350,000

Status: Active
Listing number: PW25107267
Listing provided by: Justin White
Listing agent phone: None
Last update: a month ago
On site: 3 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1953

Sq.Footage

N/A

1419-1423 represents the opportunity to acquire 12 units situated across two adjacent parcels just one block off Main Street in Santa Ana. This well-maintained property is comprised of 100% 2 bed + 1 bath units averaging approximately 750 square feet each. Built in 1953, the buildings boast a total of 8,995 square feet with aggregate lot square footage of 12,502. Each unit is rented with one off-street parking space. Interior plumbing has been updated on both buildings and a water shutoff valve has been installed inside each unit. Both buildings have passed SB 721 balcony inspections. Tenants enjoy living on Sycamore because of it’s convenient proximity to both Main Street and Edinger Avenue. The property is within a 5-minute walk of shops and restaurants including: DG Market, Superior Grocers, Family Nails, Pizza Trio, Jack in the Box, KFC, Tierra Mia Coffee and many more. The units are generating strong cash ?ow with a 5.87% cap rate. With a minor investment in ?xtures and aesthetics a buyer will be able to capture a signi?cant amount of upside.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco, Wood Siding

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.287

  • Property Type

    Residential Income

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $3,350,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Orange

Elementary School

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Listing Courtesy of Justin White , Justin White

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1419-1423 represents the opportunity to acquire 12 units situated across two adjacent parcels just one block off Main Street in Santa Ana. This well-maintained property is comprised of 100% 2 bed + 1 bath units averaging approximately 750 square feet each. Built in 1953, the buildings boast a total of 8,995 square feet with aggregate lot square footage of 12,502. Each unit is rented with one off-street parking space. Interior plumbing has been updated on both buildings and a water shutoff valve has been installed inside each unit. Both buildings have passed SB 721 balcony inspections. Tenants enjoy living on Sycamore because of it’s convenient proximity to both Main Street and Edinger Avenue. The property is within a 5-minute walk of shops and restaurants including: DG Market, Superior Grocers, Family Nails, Pizza Trio, Jack in the Box, KFC, Tierra Mia Coffee and many more. The units are generating strong cash ?ow with a 5.87% cap rate. With a minor investment in ?xtures and aesthetics a buyer will be able to capture a signi?cant amount of upside.

1419 1423 S Sycamore Street

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