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1102 1104 N French St

Santa Ana, CA 92701
  • $3,595,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: OC24026439
$3,595,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Mark Bridge of Mark Bridge, Broker (949-474-4004)


Description

1102 & 1104 North French Street, 7 legal + 1 non-conforming units on two parcels, is located in the robust rental market of Santa Ana, California. Built in 1908, 1923 & 1955, the property consists of 5,916 rentable square feet and has been updated by the current owner spent $500,000+ on the recent significant renovations. The superb unit mix consists of four 1 Bed / 1 Bath, 2 Bed / 1 Bath, 2 Bed / 1.5 Bath, 2 Bed / 2 Bath & a 3 Bed / 2 Bath unit. The property is situated on two parcels totaling 0.37-acres and includes 2 private garage spaces plus 7 additional on-site parking spaces with street parking also available. The property is also separately metered for gas and electric with a community laundry room. The properties can be sold together or individually. Santa Ana is in the county seat of Orange County; California and it is the second most populous in the county. The United States Census Bureau estimated its 2019 population at 332,318, making Santa Ana the 57th most-populous city in the United States. Santa Ana is in Southern California, adjacent to the Santa Ana River, about 10 miles (16 km) from the coast. Founded in 1869, the city is part of the Greater Los Angeles Area, the second largest metropolitan area in the United States, with almost 18 million residents in 2010. Santa Ana is a very densely populated city, ranking fourth nationally in that regard among cities of over 300,000 residents (trailing only New York City, San Francisco, and Boston). New York Times characterizes Santa Ana as the face of a new California, a state where Latinos have more influence in everyday life " electorally, culturally, and demographically " than almost anywhere else in the country. The local apartment market in the city of Santa Ana remains strong, and thus this property offers an investor the ability to capture quality residents seeking a well-located neighborhood with convenient access to a wide variety of retail, transportation, and educational amenities. This overall demand for well-located apartments.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T00:30:33.41. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/147336403
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1102 1104 N French St Santa Ana, CA 92701

  • Price: $3,595,000
  • Status: Active
  • On Site: 16 Days
  • ID#: OC24026439
0
Beds
0
Baths
0
½ Baths
0.37
Acres
1955
Built
Neighborhood:
French Villas (Frvl)
County:
Orange
Area:
70 - Santa Ana North of First
Property Description
1102 & 1104 North French Street, 7 legal + 1 non-conforming units on two parcels, is located in the robust rental market of Santa Ana, California. Built in 1908, 1923 & 1955, the property consists of 5,916 rentable square feet and has been updated by the current owner spent $500,000+ on the recent significant renovations. The superb unit mix consists of four 1 Bed / 1 Bath, 2 Bed / 1 Bath, 2 Bed / 1.5 Bath, 2 Bed / 2 Bath & a 3 Bed / 2 Bath unit. The property is situated on two parcels totaling 0.37-acres and includes 2 private garage spaces plus 7 additional on-site parking spaces with street parking also available. The property is also separately metered for gas and electric with a community laundry room. The properties can be sold together or individually. Santa Ana is in the county seat of Orange County; California and it is the second most populous in the county. The United States Census Bureau estimated its 2019 population at 332,318, making Santa Ana the 57th most-populous city in the United States. Santa Ana is in Southern California, adjacent to the Santa Ana River, about 10 miles (16 km) from the coast. Founded in 1869, the city is part of the Greater Los Angeles Area, the second largest metropolitan area in the United States, with almost 18 million residents in 2010. Santa Ana is a very densely populated city, ranking fourth nationally in that regard among cities of over 300,000 residents (trailing only New York City, San Francisco, and Boston). New York Times characterizes Santa Ana as the face of a new California, a state where Latinos have more influence in everyday life " electorally, culturally, and demographically " than almost anywhere else in the country. The local apartment market in the city of Santa Ana remains strong, and thus this property offers an investor the ability to capture quality residents seeking a well-located neighborhood with convenient access to a wide variety of retail, transportation, and educational amenities. This overall demand for well-located apartments.
Exterior Features

Entry Level 1 Entry Location First Foundation Details Slab Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 9 Open Parking Spaces 7 Parking Features AssignedGarage Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes Roof FlatShingle Spa Features None Spa YN No

Interior Features

Appliances Built-In RangeGas OvenGas RangeMicrowave Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Natural Gas Heating YN Yes Interior Features Quartz Counters

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Cap Rate 5.52 Common Interest None Community Features CurbsGutter(s)Storm Drain(s)Street LightsSuburbanSidewalks Current Financing None Electric Expense 3600 Fuel Expense 1800 Garage YN Yes Gross Income 288000 Gross Scheduled Income 288000 Insurance Expense 7000 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 9000 Net Operating Income 198471 New Construction YN No New Taxes Expense 42989 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 2 Number Of Units Leased 8 Operating Expense 82089 Other Expense 5300 Possession Close Of Escrow Property Condition Updated/Remodeled Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 114000 Trash Expense 4440 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 8640 Vacancy Allowance Rate 3 Water Sewer Expense 7000 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T00:30:33.41. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Mark Bridge of Mark Bridge, Broker (949-474-4004)