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2516 Rosewood Avenue
Santa Ana, CA 92707
Sold
2516 Rosewood Avenue
Santa Ana, CA 92707
Sold
We are pleased to exclusively offer for sale this 4 unit multi-family investment located in the City of Santa Ana. The subject property features an excellent unit mix of (4) 2 Bed/1 Bath units for a total rentable square footage of 3,500. Each tenant has access to its own 1 car garage and Unit B has its own enclosed backyard. All (4) units have been recently renovated with new granite countertops, new flooring, bathtubs, water heaters, and more. Priced at a current 4.25% CAP Rate with an achievable rent upside of 37%, this offering provides strong Day 1 income figures with the potential for future growth. Each unit is separately metered for gas and electricity thus the owner is only responsible for water, sewer, and trash. This large 6,098 SF lot is strategically positioned within a mile of South Coast Metro and the confluence of Orange County’s freeway system, which provides direct access to Los Angeles, San Diego, and the Inland Empire. Specifically, the property sits a mere (5) minutes from John Wayne Airport, (45) minutes from LAX and (60) from San Diego. This, in addition to the sustained demand for new development, should continue to drive both population growth and increased median household income, which ultimately provides much optimism for continued rent growth within the submarket moving forward. Lastly, Santa Ana is currently the only city in Orange County with Local RSO Ordinances, which should be perceived as a positive from an acquisition standpoint, and here's why: The Buyer(s) is offered an opportunity to purchase a multi-family asset in California w/ legislation risk already cooked into the pricing.
PROPERTY INFORMATION
| MLS # | SB23048573 | Lot Size | 6,098 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,295,000
Price Per SqFt: $ 370 |
DOM | 654 Days |
| Address | 2516 Rosewood Avenue | Type | Residential Income |
| City | Santa Ana | Sq.Ft. | 3,500 Sq. Ft. |
| Postal Code | 92707 | Garage | 4 |
| County | Orange | Year Built | 1958 |
| Bed / Bath | 8 / 0 | Parking | 5 |
| Built In | 1958 | Status | Closed |
| Sold Date | 2023-05-05 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Gas Dryer Hookup, Washer Hookup |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,381
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/05/2023 | Sold | $1,265,000 |
| 04/24/2023 | Pending | $1,295,000 |
| 04/18/2023 | Active Under Contract | $1,295,000 |
| 03/24/2023 | Listed | $1,295,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Joshua Barut, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
