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    510 S Flower Street

    Santa Ana, CA 92703
    • $5,500,000
    • STATUS: Active
    • ON SITE: 124 days
    • ID#: PW20252228
    UPDATED: 54 min ago
    $5,500,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,613
      SQFT
    • $436
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    High demand rentals in a secured by electronic gate opener building. Waiting list for new tenants. Owners have kept up the building well with appreciative tenants and all paying on time. Close to Civic Center, all transportation and schools. Well kept up building showing pride of ownership.Owners recently bought what was described as top of the line "Rolls Royce" of laundry machines.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T07:26:27.91. 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.
    www.mckeeregroup.com/homes/112432843
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    510 S Flower Street Santa Ana, CA 92703

    • Price: $5,500,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: PW20252228
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    12,613
    SQFT
    $436
    $/SQFT
    1979
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    High demand rentals in a secured by electronic gate opener building. Waiting list for new tenants. Owners have kept up the building well with appreciative tenants and all paying on time. Close to Civic Center, all transportation and schools. Well kept up building showing pride of ownership.Owners recently bought what was described as top of the line "Rolls Royce" of laundry machines.
    Exterior Features

    Carport Spaces 21.00 Garage Spaces 0.00 Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 23.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 2.00

    Interior Features

    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 2+ Common Walls Heating Forced Air Heating YN Yes Laundry Features Individual Room Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.70 Community Features Biking Country Us Current Financing Conventional Electric Expense 1488.00 Elevation Units Feet Fuel Expense 4000.00 Garage Income 2400.00 Garage Rental Rate 50.00 Gross Income 336300.00 Gross Scheduled Income 323700.00 Insurance Expense 3612.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 4800.00 Laundry YN Yes Licenses Expense 200.00 Maintenance Expense 4800.00 Net Operating Income 245904.00 New Construction YN No New Taxes Expense 59000.00 Number Of Separate Electric Meters 20 Number Of Separate Gas Meters 20 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 76396.00 Other Expense 500.00 Other Expense Description Apt Mgr Other Income1 5400.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Other Tax Annual Amount 48199.00 Tenant Pays ElectricityGas Total Actual Rent 26975.00 Total Expenses 76396.00 Trash Expense 5796.00 Vacancy Allowance 1400 Water Sewer Expense 7812.00 Water Source Public Year Built Source Assessor Zoning R3

    Listing provided courtesy of Dick Seifert of Remax Real Estate One


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T07:26:27.91. 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.
     
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