$1,250,000
$1,195,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
222 Cypress AVE Santa Ana, CA 92701
7,505 Sqft Lot
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC21225300
Sold Date 12/09/21
HOA Y/N No
Year Built 1914
Lot Size 7,505 Sqft
Property Description
Three Unit Multi-Family Community located in Santa Ana. This property offers a unit mix consisting of one five-bedroom/ two-bathroom house, one Remodeled Two-bedroom/ one-bathroom unit, and one Remodeled Studio unit - all units consist a total of 2,614 livable square feet, on a 7,500 square foot lot with separate electric and gas meters for each unit. The subject property features tenant amenities such as: a large yard, on-site parking, washer/dryer hookups, and patios. Located in close proximity to the vibrant Downtown area and the Santa Ana Civic Center, providing immediate access to the 5 Freeway. This is a rare opportunity for an investor to acquire a 6.17% Cap Rate for a Stable Investment property in the solid rental market of Santa Ana, California.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Curbs, Sidewalks
Private Pool No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 40409105
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Ericka McAbee • Compass