Sold for $1,440,000

Listed by: New Dimension Investment Prop • Bob Walz • Contact: 714-918-2978

Bought with: Investment Capital Real Estate

$1,440,000

2228 Joana Dr, Santa Ana, CA 92705

8beds

7baths

4,110sqft

Multi Family

Built in 1969

-- sqft lot

$-- Zestimate^®

$350/sqft

$2,437 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,437/mo

Zestimate^® history

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$9,174/mo

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What's special

HUGE PRICE REDUCTION!!! $285,000 BELOW RECENT SALES COMP ACROSS THE SAME STREET ..... Sold on January 6, 2023 at $1,735,000. Hurry on this one!!!- CALL ALL YOUR BUYERS TO LET THEM KNOW ABOUT THIS GREAT OPPORTUNITY. SUBMIT ALL OFFERS!!!! Excellent Investment!!! 16.70 X Gross at current rents and 12.94 GRM at market rents!!! What a great buy!!! You won't find a better buy in Orange County, especially for a Nice Covington Style 4-plex in a Great location near the cities of Orange and Tustin. All units are good size and the 3 bedroom unit and one of the 2 bedroom units have been recently remodeled. Conveniently located just west of the 55 Fwy and just south of the 22 Fwy. Great corner location within tract. Rents are below market with room to increase and build in equity.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 7

Appliances

Included: Dryer
Laundry: Common Area, Gas Dryer Hookup

Features

Has fireplace: Yes
Fireplace features: Living Room
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 4,110
Total interior livable area: 4,110 sqft

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 4

Features

Levels: Two
Stories: 2
Entry location: Ground
Pool features: None
Fencing: Wood

Lot

Size: 7,841 Square Feet
Features: Corner Lot

Details

Parcel number: 39613122
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Roof: Shingle

Condition

New construction: No
Year built: 1969

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Available, Water Connected

Community & HOA

Community

Features: Curbs
Subdivision: ,Other

Location

Region: Santa Ana

Financial & listing details

Price per square foot: $350/sqft
Tax assessed value: $1,468,800
Annual tax amount: $16,666
Date on market: 8/7/2023
Cumulative days on market: 110 days
Listing terms: Cash,Cash to New Loan,Submit
Total actual rent: 85680
Tenant pays: Electricity, Gas, Telephone

Price history

Date	Event	Price
12/19/2023	Sold	$1,440,000-0.7%$350/sqft
Source: CRMLS #OC23146573 Report a problem
11/27/2023	Contingent	$1,450,000$353/sqft
Source: CRMLS #OC23146573 Report a problem
11/13/2023	Price change	$1,450,000-3.3%$353/sqft
Source: CRMLS #OC23146573 Report a problem
11/2/2023	Price change	$1,499,000-6.3%$365/sqft
Source: CRMLS #OC23146573 Report a problem
9/16/2023	Price change	$1,599,000-3.1%$389/sqft
Source: CRMLS #OC23146573 Report a problem
8/8/2023	Listed for sale	$1,650,000+142.6%$401/sqft
Source: CRMLS #OC23146573 Report a problem
7/29/2003	Sold	$680,000+124.1%$165/sqft
Source: Public Record Report a problem
5/27/1998	Sold	$303,500$74/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$16,666 +2.1%	$1,468,800 +2%
2024	$16,326 +50.6%	$1,440,000 +55%
2023	$10,843 +2%	$929,269 +2%
2022	$10,628 +2.8%	$911,049 +2%
2021	$10,339 +0.9%	$893,186 +1%
2020	$10,243	$884,028 +2%
2019	$10,243 +1.2%	$866,695 +2%
2018	$10,120 +5.8%	$849,701 +2%
2017	$9,566	$833,041 +2%
2016	$9,566 +1.9%	$816,707 +1.5%
2015	$9,385 +3.7%	$804,440 +2%
2014	$9,051	$788,683 +0.5%
2013	--	$785,119 +2%
2012	--	$769,725 +2%
2011	--	$754,633 +0.8%
2010	--	$748,994 -0.2%
2009	--	$750,774 +2%
2008	--	$736,053 +2%
2007	--	$721,621 +2%
2006	--	$707,472 +2%
2005	--	$693,600 +2%
2004	--	$680,000 +103.2%
2003	--	$334,603 +2%
2002	--	$328,043 +2%
2001	$3,479 +2.3%	$321,611 +2%
2000	$3,400	$315,305