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    510 S Flower Street

    Santa Ana, CA 92703
    • $5,500,000
    • STATUS: Active
    • ON SITE: 153 days
    • ID#: PW20252228
    UPDATED: 75 min ago
    $5,500,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,613
      SQFT
    • $436
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    High demand rentals in a secured by electronic gate opener building. Waiting list for new tenants. Owners have kept up the building well with appreciative tenants and all paying on time. Close to Civic Center, all transportation and schools. Well kept up building showing pride of ownership.Owners recently bought what was described as top of the line "Rolls Royce" of laundry machines.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T18:37:20.677. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
    www.thealvaradobrothers.com/homes/112432843
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    510 S Flower Street Santa Ana, CA 92703

    • Price: $5,500,000
    • Status: Active
    • Updated: 75 min ago
    • ID#: PW20252228
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    12,613
    SQFT
    $436
    $/SQFT
    1979
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    High demand rentals in a secured by electronic gate opener building. Waiting list for new tenants. Owners have kept up the building well with appreciative tenants and all paying on time. Close to Civic Center, all transportation and schools. Well kept up building showing pride of ownership.Owners recently bought what was described as top of the line "Rolls Royce" of laundry machines.
    Exterior Features

    Carport Spaces 21 Carport YN Yes Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 20 Open Parking Spaces 2 Parking Features Assigned Parking Total 23 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls Heating Forced Air Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.7 Common Interest None Community Features Biking Current Financing Conventional Electric Expense 1488 Fuel Expense 4000 Garage YN No Gross Income 336300 Gross Scheduled Income 323700 Insurance Expense 3612 Land Lease YN No Laundry Features Laundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 4800 Net Operating Income 245904 New Construction YN No New Taxes Expense 59000 Number Of Separate Gas Meters 20 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 76396 Other Expense 500 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 48199 Tenant Pays ElectricityGas Total Actual Rent 26975 Trash Expense 5796 Vacancy Allowance 1400 Water Sewer Expense 7812 Water Source Public Zoning R3

    Listing provided courtesy of Dick Seifert of Remax Real Estate One


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T18:37:20.677. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
     
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    1800 N Bristol St, Suite C135
    Santa Ana CA, 92706