MLS® ID: OC19258456
405 E 15th Street
Santa Ana, California, 92701 $908,000
We are pleased to present this three unit multi-family complex located in the City of Santa Ana with 6% Cap Rate. The property has a great unit mix of one, two and three bedroom units. Each unit also has its own private patio. The two free standing buildings were built in 1978, however it was completely remodeled interior and exterior. Interior with new bathroom, new kitchen, new cabinet, new flooring, new painting, granite counter top, new laminated wood floor and are separately metered for gas and electric. The property contains ample parking, with both carport and street spaces. The units also include private patios and individual laundry hookups. The asset is very well maintained and has excellent curb appeal. This property is located in a strong rental market, and is in close proximity to major retail, shopping, educational and employment opportunities. The buildings are directly across the street from Wallace R. Davis Elementary School and less than two miles from Willard Intermediate School and Santa Ana College. The asset is also less than two miles from Main Place Mall and the Discovery Cube Orange County. At less than one mile, tenants are minutes away from Downtown Santa Ana, Santa Ana Civic Center, and the Santa Ana Zoo. The property is about one and a half miles away from the 5 and 55 Freeways, granting tenants ease of access to the greater Southern California region.