2228 Joana Drive, Santa Ana, CA 92705
- $1,440,000
- Sold Price
- $1,440,000
- List Price
- $1,450,000
- Closing Date
- Dec 19, 2023
- Status
- CLOSED
- MLS#
- OC23146573
- Year Built
- 1969
- Lot Size
- 7,841
- Acres
- 0.18
- Lot Location
- Corner Lot
- Days on Market
- 109
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Other
Property Description
HUGE PRICE REDUCTION!!! $285,000 BELOW RECENT SALES COMP ACROSS THE SAME STREET ..... Sold on January 6, 2023 at $1,735,000. Hurry on this one!!!- CALL ALL YOUR BUYERS TO LET THEM KNOW ABOUT THIS GREAT OPPORTUNITY. SUBMIT ALL OFFERS!!!! Excellent Investment!!! 16.70 X Gross at current rents and 12.94 GRM at market rents!!! What a great buy!!! You won't find a better buy in Orange County, especially for a Nice Covington Style 4-plex in a Great location near the cities of Orange and Tustin. All units are good size and the 3 bedroom unit and one of the 2 bedroom units have been recently remodeled. Conveniently located just west of the 55 Fwy and just south of the 22 Fwy. Great corner location within tract. Rents are below market with room to increase and build in equity.
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Additional Information
- Appliances
- Dryer
- Pool Description
- None
- Fireplace Description
- Living Room
- Roof
- Shingle
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $85,680
- Operating Expense
- 35239
Listing courtesy of Listing Agent: Bob Walz (bob@bobwalz.com) from Listing Office: New Dimension Investment Prop.
Listing sold by Ignacio Diaz Jr. from Investment Capital Real Estate
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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.