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.

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

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

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.

510 S Flower Street

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510 S Flower Street Santa Ana, CA 92703

Property Description

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

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

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	Electricity Gas
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