Est. cap rate

3.2%

Assumed rent, all units

$8,920/mo

Units

4

Price per unit

$424,750

Est. annual NOI

$53,520

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,462 sqft

Lot size

8,276 sqft

Year built

1917

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

1

MLS #

246562630

About this property

Turn-key investment opportunity in Santa Ana’s desirable French Park neighborhood! This 4-unit property, including a fully permitted ADU, currently generates approximately $11,954/month, with a pro forma of approximately $12,900/month. All units have been extensively remodeled with updated kitchens, bathrooms, flooring, paint, and partial plumbing and electrical upgrades. Unit mix includes a 2 bed/2 bath + den, 3 bed/2 bath, 1 bed/1 bath, and 2 bed/1 bath. The front unit also features in-unit laundry, a basement, and private backyard. Three units have separate electric meters, and three are rented fully furnished. New appliances and furnishings are included with the sale. Seller has obtained permits for an additional ADU to be built.

Location

1102 French

Santa Ana, Orange, CA, 92701