3740 S Marine Street, Santa Ana, CA 92704

$1,775,000

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Sold Price
$1,775,000
List Price
$1,799,000
Closing Date
Jul 02, 2024
Status
CLOSED
MLS#
OC24088029
Year Built
1969
Lot Size
7,841
Acres
0.18
Lot Location
Level
Days on Market
29
Property Type
Multifamily
Property Sub Type
Quadruplex

Property Description

Don’t miss this great investment opportunity for a quadraplex in the sought after Covington area of Santa Ana. This well-maintained building features four separate units, with garages and ample additional parking spaces. The property is located just minutes from the 405 & 55 freeways, beautiful SoCal beaches, and South Coast Plaza. All four of the units are currently occupied by excellent long-term tenants. Unit 1: 3 Bed 1.75 Bath single level with updated kitchen, fireplace in living room, and two car garage. Unit 2: 2 Bed 1.5 Bath on two levels (bedrooms up), granite counters in kitchen, and 1 car garage. Unit 3: 2 Bed 1.75 Bath single level, new light fixtures, 1 car garage. Unit 4: 2 Bed 1 Bath carriage unit above garages with private balcony. Three sides of the building have updated dual pane windows. All units have newer flooring, a combination of either carpet/wood or carpet/woodgrain tile planks. All units have newer heaters, and water heaters. The laundry room is furnished with a full-sized washer/dryer for each unit (total 4 sets). Each unit is metered separately for gas and electricity. There is 1 meter for water. Owner pays gas/elec for common areas and all water.

Additional Information

Appliances
Dryer, Washer
Pool Description
None
Fireplace Description
Living Room, See Remarks
Heat
Central
Garage Spaces Total
5
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$92,628
Operating Expense
11018

Listing courtesy of Listing Agent: Martha Karelius (marthakarelius@gmail.com) from Listing Office: @Vantage Real Estate.

Listing sold by Mary Hoferer from NONMEMBER MRML

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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.