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710 Washington, Santa Ana, CA 92703
Priced at Only: $2,950,000
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Address: 710 Washington, Santa Ana, CA 92703
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  • MLS#: NP26007705 ( Commercial/Residential )
  • Street Address: 710 Washington
  • Viewed: 2
  • Price: $2,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1983
  • Bldg sqft: 0
  • Days On Market: 68
  • Additional Information
  • County: ORANGE
  • City: Santa Ana
  • Zipcode: 92703
  • Provided by: R L M Equities
  • Contact: Randall Randall
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    JUST REDUCED: NEW VACANCY FOR RENT $2100. The Washington Apartments is a 14 unit apartment community located in the heart of Santa Ana. Built in 1983 and situated just north of the historic Downtown District, the property offers investors a highcash flow opportunity with significant upside potential. The property is attractively priced at a strong 5.9% cap rate based on current income, with local market rents supporting an estimated 8.9% pro forma cap rate. The Washington Apartments features spacious studio units, each exceeding 700 square feet. Residents currently pay RUBS, contributing to efficient, low expense operations. The property also provides multiple on site common area laundry machines for resident convenience, as well as 14 gated garage parking spaces located on the first floor.
Features
Building Area Total
  1. 10400.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 54
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 14.00
Gardner Expense
  1. 1100.00
Insurance Expense
  1. 11696.00
Laundry Features
  1. Common Area
Laundry Income
  1. 3896.00
Levels
  1. Three Or More
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 189403.00
Newtaxesexpense
  1. 37964.00
Number Of Rentedgarages
  1. 9880
Number Of Separate Electric Meters
  1. 15
Number Of Separate Gas Meters
  1. 15
Otherexpense
  1. 21000.00
Otherexpensedescription
  1. All Utl.
Otherincome1
  1. 12666.00
Otherincomedescription
  1. RUBS
Parcel Number
  1. 39853106
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 454511686:CRM
Suppliesexpense
  1. 2588.00
Totalexpenses
  1. 93177.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1983
Year Built Source
  1. Assessor
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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