Riverine Apartments is a 30-unit multifamily investment property located at 1001 Riverine Avenue, Santa Ana, CA. Built in 1982, Riverine Apartments consists of spacious studio units and offers amenities including on-site laundry, controlled access, security doors, private balconies, and gated covered parking. 16 units have recently undergone renovations including new flooring, cabinets, paint, quartz countertops, fixtures, and appliance packages.

Garage Spaces 30.00 Lot Features Level With Street Lot Size Source Assessor Lot Size Units Acres Parking Features Subterranean Parking Total 30.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Common Area Levels Two

Additional Parcels YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalks Country Us Electric Expense 10808.00 Elevation Units Feet Fuel Expense 10807.00 Gross Income 501271.00 Gross Operating Income 486521.00 Gross Scheduled Income 491652.00 Insurance Expense 2880.00 Land Lease YN No Laundry YN Yes Maintenance Expense 15000.00 Net Operating Income 298844.00 New Construction YN No New Taxes Expense 79647.00 Number Of Separate Electric Meters 30 Number Of Separate Gas Meters 30 Number Of Separate Water Meters 1 Operating Expense 187677.00 Other Expense 27460.00 Other Expense Description Misc Other Income1 9619.00 Professional Management Expense 19461.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 187677.00 Trash Expense 10807.00 Vacancy Allowance 14750 Water Sewer Expense 10807.00 Water Source Public Year Built Source Assessor

Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest

Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T12:21:33.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.

1001 Riverine Avenue

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1001 Riverine Avenue Santa Ana, CA 92701

Property Description

Garage Spaces	30.00
Lot Features	Level With Street
Lot Size Source	Assessor
Lot Size Units	Acres
Parking Features	Subterranean
Parking Total	30.00
Parking YN	Yes
Pool Features	None
Pool Private YN	No
Property Attached YN	No

Average Studio Area Units	Square Feet
Average1 Bed Area Units	Square Feet
Average2 Bed Area Units	Square Feet
Average3 Bed Area Units	Square Feet
Common Walls	No Common Walls
Laundry Features	Common Area
Levels	Two

Additional Parcels YN	No
Building Area Units	Square Feet
Community Features	Curbs Gutters Sidewalks
Country	Us
Electric Expense	10808.00
Elevation Units	Feet
Fuel Expense	10807.00
Gross Income	501271.00
Gross Operating Income	486521.00
Gross Scheduled Income	491652.00
Insurance Expense	2880.00
Land Lease YN	No
Laundry YN	Yes
Maintenance Expense	15000.00
Net Operating Income	298844.00
New Construction YN	No
New Taxes Expense	79647.00
Number Of Separate Electric Meters	30
Number Of Separate Gas Meters	30
Number Of Separate Water Meters	1
Operating Expense	187677.00
Other Expense	27460.00
Other Expense Description	Misc
Other Income1	9619.00
Professional Management Expense	19461.00
Rent Control YN	Yes
Senior Community YN	No
Sewer	Public Sewer
Special Listing Conditions	Standard
Total Expenses	187677.00
Trash Expense	10807.00
Vacancy Allowance	14750
Water Sewer Expense	10807.00
Water Source	Public
Year Built Source	Assessor