MLS® ID: OC19256290
1609 Evergreen Street
Santa Ana, California, 92707 $958,000
Once a life time opportunity to own an investment property with over 6.65% CAP rate in currently tight and popular commercial apartment triplex market, with even more potential to generate more returns from rent improvement and management. This great triplex is situated in a major and popular prime location, walking distance to shopping, school and parks. This large triplex has 3,052 sq ft on a large lot over 7,200 sq ft. Built in 1961, however it was completely remodeled interior and exterior. Interior with new bath room, new kitchen, new cabinet, new flooring, new painting, granite countertop, new laminated wood floor. It has 1 set of 3bed/1bath unit, 1 set of 2bed/2bath unit, 1 set of 3bed/3bath unit, with individual meters and large patios. Even better, you could purchase the adjacent property 1613 Evergreen from the same owner to reap management and cost synergy benefits for owning both properties. What a great investment opportunity. Price per sq ft much lower than available properties in same neighborhood.