931 935 S Standard Avenue, Santa Ana, CA 92701
- $4,525,000
- Sold Price
- $4,525,000
- List Price
- $5,180,000
- Closing Date
- Oct 16, 2023
- Status
- CLOSED
- MLS#
- OC23027454
- Year Built
- 1958
- Lot Size
- 7,841
- Acres
- 0.18
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 158
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
With a proven market rent upside, including a RUBS program for water, sewer, and trash, this offering provides an attractive "Going In" capitalization rate approaching 5% and a very attractive "Market Rent" capitalization rate. The existing loan of approximately $3,170,000 can be assumed, at a fixed interest rate of 2.90%, or a new loan can be placed on the property. Rents are effective March 1st, 2023.
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Additional Information
- Pool Description
- None
- Sewer
- Sewer Tap Paid
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 24
- Gross Scheduled Income
- $407,499
- Operating Expense
- 156860
Listing courtesy of Listing Agent: Mike Marcu (mike@mogharebi.com) from Listing Office: Mike Marcu, Broker.
Listing sold by Mike Marcu from Mike Marcu, Broker
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.