615 Civic Center Drive, Santa Ana, CA 92701
  • MLS#: OC24210554 ( Apartment )
  • Street Address: 615 Civic Center Drive
  • Viewed: 1
  • Price: $2,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1978
  • Bldg sqft: 0
  • Days On Market: 44
  • Additional Information
  • County: ORANGE
  • City: Santa Ana
  • Zipcode: 92701
  • Subdivision: Other (othr)
  • Provided by: Kirklen Investment Group
  • Contact: Justin Justin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    615 Civic Center East Drive, a prime 6 unit multifamily investment property located in the desirable French Park Historical Neighborhood of Santa Ana, CA. Built in 1978, this property features large six two bedroom and two bath floorplans, complete with amenities such as garages, onsite laundry facility, patio or balconies, and fireplace (select units). The property has had recent capital improvements including upgraded windows, upgraded roof, upgraded facia boards, and is SB 721 compliant. Currently the property offering a 13.76 GIM and a 4.82% CAP rate, providing investors a great cashflow in a highly desirable location. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 0.4 miles from Santa Ana Metrolink Station, and 0.6 miles from the lively 4th Street Market and Downtown Santa Ana, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.90 miles of Santa Ana College, appealing to students and faculty. With proximity to the 5 Interstate, residents can conveniently connect to major employment hubs across Orange and Los Angeles Counties. This investment not only promises attractive living spaces but also the potential for strong tenant demand in a thriving area.
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Features
Building Area Total
  1. 6420.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 22
Electric Expense
  1. 596.00
Entry Location
  1. First level
Fuel Expense
  1. 3095.00
Garage Spaces
  1. 10.00
Insurance Expense
  1. 6500.00
Laundry Features
  1. Common Area
Laundry Income
  1. 2160.00
Levels
  1. Two
Lot Features
  1. Level with Street
Netoperatingincome
  1. 115651.00
Newtaxesexpense
  1. 28300.00
Otherexpense
  1. 3200.00
Parcel Number
  1. 39804207
Pool Features
  1. None
Postalcodeplus4
  1. 7521
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 424945246:CRM
Subdivision Name Other
  1. Other
Taxblock
  1. 74
Totalexpenses
  1. 53947.00
Trash Expense
  1. 4702.00
Vacancyallowance
  1. 4882
Water Sewer Expense
  1. 3950.00
Water Source
  1. Public
Year Built
  1. 1978
Year Built Source
  1. Assessor