413 W Stevens Avenue, Santa Ana, CA 92707
- $1,797,000
- Sold Price
- $1,797,000
- List Price
- $1,700,000
- Closing Date
- Sep 26, 2023
- Status
- CLOSED
- MLS#
- OC23135707
- Year Built
- 1969
- Lot Size
- 7,405
- Acres
- 0.17
- Lot Location
- Cul-De-Sac, Lawn
- Days on Market
- 5
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Covington
Property Description
Extremely sought after Covington style 4-unit apartment building with a desirable mix comprised of (1) One-Bedroom/One-Bathroom, (2) Two- Bedroom/Two-Bathroom, and (1) Three- Bedroom/Two-Bathroom totaling approx. 4109 living sq ft. This is an excellent asset-add opportunity for any Investor. Current ownership has professionally maintained the asset. The property possesses many advantageous features such as the 3-bedroom single story unit offers a private enclosed patio. One lower 2-bedroom 2 bath boasts a large fenced in yard perfect for kids or herb garden. The upper 2 bedroom is a mirrored image of lower 2 bedroom with a quaint balcony. Upper 1 bedroom unit extends over the 4 attached single car garages and is generous in size and loads of storage and has a great room feel. Units also offer 2 additional parking spaces and coin operated laundry that generates additional income. Each unit has its own gas meter. This fully rented fourplex is situated in a cul-de -sac location on a highly sought after tree-lined street. The building offers a low maintenance yard, long-term tenants and is situated within minutes of South Coast Plaza, freeway access, shopping, entertainment, John Wayne airport and close to Segerstrom center. With the continued addition and demand for new development, this should continue to drive both population growth and increased household income, which ultimately provides much confidence for continued rent escalation.
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Additional Information
- Appliances
- Dishwasher, Free-Standing Range, Disposal, Range Hood, Water Heater
- Pool Description
- None
- Fireplace Description
- Gas Starter, Living Room
- Heat
- Central
- Cooling Description
- None
- View
- None
- Roof
- Composition
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Bedroom on Main Level, Main Level Master
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $74,100
- Operating Expense
- 12809
Listing courtesy of Listing Agent: Dani Walker (DaniWalker@FirstTeam.com) from Listing Office: First Team Real Estate.
Listing sold by Brandon Bacchas from RE/MAX ESTATE PROPERTIES
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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.