$1,700,000 Price Analysis    ♡   Santa Ana, CA 92701 9 bed 7 bath 4,405 SqFt ($385/SqFt) 0.31 acre lot. Built 1973 Listed 2024-04-18, Taxes $21,388 | Ⓧ USDA Ineligible due to price & location near Santa Ana |
Pleased to offer 819 Cypress Avenue
A 6+1 apartment cmplex located on the attractive tree-lined street of Cypress Avenue in the city of Santa Ana. This 4, 405 SF multifamily property boasts two, single-story cottage style buildings with private yards at the front of the property and a standalone fourplex at the rear of the property.
Tenants enjoy the high-quality interior finishes and tranquil residential setting, along with ample parking at over a 2:1 ratio. A desirable construction age of 1973, coupled with strong ownership/management that have renovated five of the seven interiors, make this investment an ideal candidate for the investor looking to produce immediate cash flow with minimal efforts.
Presented by Rick Applebaum at
Morgan Skenderian.
Property MLS #PW24077385 from CRMLS
Parking Features: Parking YN: Yes, Parking Features: Assigned
Parking Total: 13
Lot Size Acres: 0.3141
Lot Size Source: Assessor
Lot Size Square Feet: 13682
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Gardener Expense: 1500.00
Maintenance Expense: 4507.00
Rent Control: Yes
Source Listing Status: Active
County: Orange
Cap Rate: 6.20
Other Expense: 2002.00
Source Property Type: Residential Income
Insurance Expense: 2781.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
New Taxes Expense: 20372.00
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 7
Number of Separate Water Meters: 1
Parcel Number: 01105201
Postal Code Plus 4: 5872
Trash Expense: 3339.00
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $210,235 + $1,566,256 $1,776,491 | $21,388 |
| 2021 | $206,113 + $1,535,545 $1,741,658 | $20,890 |
| 2020 | $204,000 + $1,519,800 $1,723,800 | $20,932 |
| 2019 | $447,372 + $702,270 $1,149,642 | $14,425 |
| 2018 | $438,600 + $688,500 $1,127,100 | $13,885 |
| 2017 | $430,000 + $675,000 $1,105,000 | $13,768 |
| 2016 | $152,588 + $80,439 $233,027 | $4,004 |
| 2015 | $150,296 + $79,231 $229,527 | $3,950 |
| 2014 | $147,352 + $77,679 $225,031 | $3,879 |
| 2013 | $146,687 + $77,327 $224,014 | $3,806 |
| 2012 | $143,811 + $75,811 $219,622 | $3,705 |
| 2011 | $140,992 + $74,324 $215,316 | $3,529 |
| 2010 | $139,939 + $73,768 $213,707 | $3,142 |
| 2009 | $140,272 + $73,944 $214,216 | $3,074 |
| 2008 | $137,522 + $72,494 $210,016 | $2,869 |
| 2007 | $134,826 + $71,073 $205,899 | $2,777 |
$1,700,000
CRMLS
Price Changed 2024-05-07
$1,788,000
CRMLS
Listed 2024-04-18
$1,998,000
CRMLS
Listing removed 2019-04-02
$0
CRMLS
Listed 2019-04-01
$1,715,000
CRMLS
Sold 2019-03-29
$1,690,000
CRMLS
Listed 2019-01-18
$1,715,000
CRMLS
Listing removed 2019-01-12
$1,500
CRMLS
Listing removed 2018-12-19
$1,450
CRMLS
Price Changed for rent 2018-11-20
$1,500
CRMLS
Listed for rent 2018-11-08
$1,450
CRMLS
Listing removed 2016-12-01
$1,200
CRMLS
Listed for rent 2016-11-17
$1,200
CRMLS
Sold 2016-10-06
$1,105,000
Public Record
Sold 1990-02-21
$169,000
Public Record
Year Built: 1973
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Property Age: 51
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 3339.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.