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    2222 W Edinger Avenue

    Santa Ana, CA 92704
    • $625,000
    • STATUS: CONTINGENT
    • ON SITE: 37 days
    • ID#: 302633826
    Under Contract
    UPDATED: 55 min ago
    $625,000
    • 4
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    AUCTION SALE: This IS NOT a distressed or REO property. Lowest priced triplex in Orange County. Priced at only 13.5 x gross and at a 4.69% cap rate on current rents and expenses. Upside in rents allows for a market GRM of only 7.65 x gross and a cap rate of 10.2%. Located less than 1 mile from Mater Dei High School. In close proximity to plenty of restaurants, schools and shopping in the Centennial Park/Adams neighborhood of Santa Ana, one of Orange County's best rental markets. This property has been ren AUCTION SALE: This IS NOT a distressed or REO property. Lowest priced triplex in Orange County. Priced at only 13.5 x gross and at a 4.69% cap rate on current rents and expenses. Upside in rents allows for a market GRM of only 7.65 x gross and a cap rate of 10.2%. Located less than 1 mile from Mater Dei High School. In close proximity to plenty of restaurants, schools and shopping in the Centennial Park/Adams neighborhood of Santa Ana, one of Orange County's best rental markets. This property has been rented to the same tenants for over 20 years who always pay on time and are very cooperative. Large front patios for two front units and large backyard area for rear tenant. Units consist one 2 bedroom 1 bath and two 1 bedroom one baths. Great visibility - Corner lot location. Income includes $650 for yard area. Call listing agent for more info.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.welcometosandiegorealestate.com/homes/108938093
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    2222 W Edinger Avenue Santa Ana, CA 92704

    • Price: $625,000
    • Status: CONTINGENT
    • Updated: 55 min ago
    • ID#: 302633826
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1941
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    Oc - Santa Ana (92704)
    Property Description
    AUCTION SALE: This IS NOT a distressed or REO property. Lowest priced triplex in Orange County. Priced at only 13.5 x gross and at a 4.69% cap rate on current rents and expenses. Upside in rents allows for a market GRM of only 7.65 x gross and a cap rate of 10.2%. Located less than 1 mile from Mater Dei High School. In close proximity to plenty of restaurants, schools and shopping in the Centennial Park/Adams neighborhood of Santa Ana, one of Orange County's best rental markets. This property has been ren AUCTION SALE: This IS NOT a distressed or REO property. Lowest priced triplex in Orange County. Priced at only 13.5 x gross and at a 4.69% cap rate on current rents and expenses. Upside in rents allows for a market GRM of only 7.65 x gross and a cap rate of 10.2%. Located less than 1 mile from Mater Dei High School. In close proximity to plenty of restaurants, schools and shopping in the Centennial Park/Adams neighborhood of Santa Ana, one of Orange County's best rental markets. This property has been rented to the same tenants for over 20 years who always pay on time and are very cooperative. Large front patios for two front units and large backyard area for rear tenant. Units consist one 2 bedroom 1 bath and two 1 bedroom one baths. Great visibility - Corner lot location. Income includes $650 for yard area. Call listing agent for more info.
    Exterior Features

    Exterior Wood Pool N/K Roof Composition Site Sidewalks

    Interior Features

    Cooling N/K Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1

    Property Features

    Actual Cap Rate 4.69 Annual Expense Actual 12965 Buildings 1 Gross Rent Multiplier Actual 13.5 Gross Scheduled Income Actual 37680 Home Owners Fees 0.0 Possession Close Of Escrow Sewer Septic Sewer Connected Tenant Pays Cable Tv Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1010.0 Unit2 Rent Actual 740.0 Unit3 Rent Actual 740.0 Water Meter On Property

    Listing provided courtesy of Re/Max Property Connection. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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