1524 N Sycamore Street

    Santa Ana, CA 92701
    • $1,995,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: PW20014165
    UPDATED: 26 min ago
    $1,995,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,773
      SQFT
    • $295
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    We are pleased to offer 1524-1530 N. Sycamore Street, an 8-unit apartment complex located in the heart of Santa Ana within an Opportunity Zone. Comprised of side-by-side four unit buildings on a single lot, 1524-1530 N. Sycamore Street is a well-maintained property with several recent capital improvements. The subject property boasts new windows, new garage doors, majority tile flooring in common areas and a major roof renovation. Tenants of the community enjoy private patios and balconies, individual water heaters and hard to find, washer and dryer hookups in each unit. Maybe the most appealing characteristic of this building is its close proximity to the best of what Santa Ana has to offer including Bowers Museum, Main Place Mall (w/city approved $300 million remodel planned), Orange County School of the Arts and the rapidly gentrifying Downtown Santa Ana stacked full of eclectic eateries and elevated dining, fantastic night life, shopping and a host of other activities.1524-1530 N. Sycamore is attractively priced under $250,000 per unit and under $300 per sq.ft., well below the recent sales around Santa Ana. A new investor can immediately produce a respectable cash-flow with as little as a 35% down payment. An estimated 25% in rental upside will help enhance the returns in the coming years making this multi-family community a truly excellent investment opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-20T15:32:37.73. 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 The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

    www.livelovethefoothills.com/homes/102464177

    1524 N Sycamore Street Santa Ana, CA 92701

    • Price: $1,995,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: PW20014165
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    6,773
    SQFT
    $295
    $/SQFT
    1929
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    70 - Santa Ana North of First
    Property Description
    We are pleased to offer 1524-1530 N. Sycamore Street, an 8-unit apartment complex located in the heart of Santa Ana within an Opportunity Zone. Comprised of side-by-side four unit buildings on a single lot, 1524-1530 N. Sycamore Street is a well-maintained property with several recent capital improvements. The subject property boasts new windows, new garage doors, majority tile flooring in common areas and a major roof renovation. Tenants of the community enjoy private patios and balconies, individual water heaters and hard to find, washer and dryer hookups in each unit. Maybe the most appealing characteristic of this building is its close proximity to the best of what Santa Ana has to offer including Bowers Museum, Main Place Mall (w/city approved $300 million remodel planned), Orange County School of the Arts and the rapidly gentrifying Downtown Santa Ana stacked full of eclectic eateries and elevated dining, fantastic night life, shopping and a host of other activities.1524-1530 N. Sycamore is attractively priced under $250,000 per unit and under $300 per sq.ft., well below the recent sales around Santa Ana. A new investor can immediately produce a respectable cash-flow with as little as a 35% down payment. An estimated 25% in rental upside will help enhance the returns in the coming years making this multi-family community a truly excellent investment opportunity.
    Exterior Features

    Garage Spaces 8.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 16.00 Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.20 Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1350.00 Gross Income 0.00 Gross Multiplier 14.90 Gross Operating Income 129902.00 Gross Scheduled Income 133920.00 Insurance Expense 2172.00 Land Lease YN No Laundry YN No Maintenance Expense 7794.00 Maintenance Percent 6.00 Net Operating Income 84325.00 New Construction YN No New Taxes Expense 22509.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 45577.00 Operating Expense Percent 34.00 Other Expense 9307.00 Other Expense Description Utility Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other French Court Total Expenses 45577.00 Trash Expense 0.00 Vacancy Allowance 4018 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Rick Applebaum of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-20T15:32:37.73. 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 The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

     
    The Costantino Group | Cal American Homes and Realty
    405 West Foothill Blvd Suite 203
    Claremont CA, 91711