Sold for $4,525,000

Listed by: Mike Marcu, Broker • Mike Marcu • Contact: 949-688-1224

Bought with: Mike Marcu, Broker

$4,525,000

931-935 S Standard Ave, Santa Ana, CA 92701

24beds

24baths

14,784sqft

Multi Family

Built in 1958

-- sqft lot

$-- Zestimate^®

$306/sqft

$2,063 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,063/mo

Zestimate^® history

Owner options

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$2,063/mo

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$2,063/mo

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$28,165/mo

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$28,165/mo

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What's special

With a proven market rent upside, including a RUBS program for water, sewer, and trash, this offering provides an attractive "Going In" capitalization rate approaching 5% and a very attractive "Market Rent" capitalization rate. The existing loan of approximately $3,170,000 can be assumed, at a fixed interest rate of 2.90%, or a new loan can be placed on the property. Rents are effective March 1st, 2023.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 24
Bathrooms: 24

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 14,784
Total interior livable area: 14,784 sqft

Property

Parking

Total spaces: 24
Parking features: Assigned
Uncovered spaces: 24

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 7,841 Square Feet
Features: 16-20 Units/Acre

Details

Additional parcels included: 01125104
Parcel number: 01125103
Zoning: R3
Special conditions: Standard

Construction

Type & style

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

Condition

New construction: No
Year built: 1958

Utilities & green energy

Sewer: Sewer Tap Paid
Water: Public

Community & HOA

Community

Features: Curbs, Urban

Location

Region: Santa Ana

Financial & listing details

Price per square foot: $306/sqft
Date on market: 2/16/2023
Cumulative days on market: 388 days
Listing terms: Cash to Existing Loan,Cash to New Loan
Total actual rent: 32378
Tenant pays: Electricity

Price history

Date	Event	Price
10/16/2023	Sold	$4,525,000-12.6%$306/sqft
Source: CRMLS #OC23027454 Report a problem
7/26/2023	Contingent	$5,180,000$350/sqft
Source: CRMLS #OC23027454 Report a problem
2/16/2023	Listed for sale	$5,180,000$350/sqft
Source: CRMLS #OC23027454 Report a problem