2516 S Baker Street, Santa Ana, CA 92707
- $1,535,000
- Sold Price
- $1,535,000
- List Price
- $1,600,000
- Closing Date
- Nov 03, 2023
- Status
- CLOSED
- MLS#
- OC23158196
- Year Built
- 1958
- Lot Size
- 6,098
- Acres
- 0.14
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 34
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Rosewood Baker
Property Description
Introducing an extraordinary opportunity: an exclusive 4-unit multi-family investment nestled in the heart of Santa Ana, boasting an attractive 5% Cap rate. Experience a blend of excellence with (4) 2 Bed/1 Bath units, offering a total of 3,500 square feet of rentable space. Enhancing the allure, each tenant enjoys the luxury of a private 1-car garage, while Unit A & B offer their own secluded backyard/patio retreats. Recent light renovations have graced each unit, infusing a touch of modernity and revitalization. Elevating convenience, every unit is individually equipped with gas and electricity meters. Commanding a prime position on an expansive 6098 square foot lot, this property enjoys a coveted location within a mile of South Coast Metro and the central artery of Orange County's freeway network. This facilitates direct routes to Los Angeles, San Diego, and the Inland Empire. Notably, the property's accessibility is exceptional: a mere (5) minutes from John Wayne Airport, (45) minutes from LAX, and just (60) minutes from San Diego.
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Additional Information
- Appliances
- Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Exterior Construction
- Stucco
- Roof
- Asbestos Shingle
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Granite Counters, Open Floorplan, Tile Counters, Bedroom on Main Level
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $108,960
- Operating Expense
- 25100
Listing courtesy of Listing Agent: Shelly Kay Hilliard (shelly.hilliard@camoves.com) from Listing Office: Coldwell Banker Realty.
Listing sold by Kristine Ng from COMPASS
Mortgage Calculator
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