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$3,850,000   Price Analysis
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902 E 17th St
Santa Ana, CA 92701
21 bed 18 bath 10,990 SqFt ($350/SqFt)
0.27 acre lot. Built 1954
Listed 2024-01-23, Taxes $40,765
Ⓧ USDA Ineligible
due to price & location

near Santa Ana

902 E 17th Street comprises of 18 units situated on a well-maintaind 11

547 square feet lot of land. The property's cross streets are Lincoln Avenue and Fairmont Street. 902 E 17th Street sits adjacent to the I-5 Freeway and is within a two-mile radius to Downtown Santa Ana , also dubbed Downtown Orange County . The property offers convenient access to grocery stores, pharmacies, restaurants and plenty of specialty retail all within walking distance. 902 E 17th Street features mature landscaping with courtyard, gated entry, on-site tuck-under and surface vehicle parking. The units feature kitchens fully-equipped with appliances, wall-to-wall carpet and wall air conditioning and heating. The property offers convenient access to the I-5, 55, 57, 22 and 405 freeways connecting to all of Orange County, as well as Riverside, San Bernardino and Los Angeles Counties.

Neighboring cities include: Tustin, Orange, Garden Grove, Anaheim and Irvine. The city of Santa Ana is home to Discovery Cube Orange County, 4th Street Market, the Mainplace Mall and River View Golf Course, to name a few. Sa nta Ana provides a scenic atmosphere and is a short distance to local landmarks within a 20-mile radius, such as Downtown Orange County, Disneyland, Disney California Adventure Park, Angels Stadium of Anaheim, Honda Center, Browers Museum, Santa Ana Zoo, South Coast Plaza, Marconi Automotive Museum, John Wayne Airport, Newport Beach, Huntington Beach and more. 902 E 17th Street is a prime Santa Ana income-producing property and a extraordinary long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor or those seeking a 1031 exchange opportunity.


Presented by Eric Chen at
Cb Richard Ellis.


Property MLS #CV24014303 from CRMLS

Bedrooms: 21

Laundry Features: Common Area

Cooling Features: Wall/Window Unit(s)
Heating Features: Wall Furnace
Heating: Yes

Full Bathrooms: 18

Carport Spaces: 16
Garage Spaces: 1
Parking Total: 19

Lot Description: 16-20 Units/Acre
Lot Size Acres: 0.2651
Lot Size Source: Assessor
Lot Size Square Feet: 11547

Number of Units: 18
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

Calculated Total Monthly Association Fees: 0
Gardener Expense: 1800.00
Maintenance Expense: 11297.00

Number of Units Leased: 18
Vacancy Allowance: 8735

Community Features: Curbs, Sidewalks

Source Listing Status: Active
County: Orange
Cap Rate: 4.40
Other Expense: 3600.00
Source Property Type: Residential Income
Insurance Expense: 4417.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
New Taxes Expense: 51422.00
Number of Separate Electric Meters: 18
Number of Separate Gas Meters: 18
Number of Separate Water Meters: 1
Parcel Number: 39816201
Postal Code Plus 4: 2505
Professional Management Expense: 14473.00
Trash Expense: 10248.00
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$2,128,234 + $1,118,799
$3,247,033
$40,765
2021$2,086,504 + $1,096,862
$3,183,366
$39,835
2020$2,065,110 + $1,085,615
$3,150,725
$39,894
2019$2,024,618 + $1,064,329
$3,088,947
$39,143
2018$1,984,920 + $1,043,460
$3,028,380
$37,689
2017$1,946,000 + $1,023,000
$2,969,000
$37,373
2016$1,817,297 + $812,200
$2,629,497
$33,503
2015$1,790,000 + $800,000
$2,590,000
$33,082
2014$1,313,120 + $735,348
$2,048,468
$27,002
2013$1,307,186 + $732,024
$2,039,210
$26,542
2012$1,281,555 + $717,671
$1,999,226
$25,981
2011$1,256,427 + $703,599
$1,960,026
$25,072
2010$1,247,037 + $698,341
$1,945,378
$24,623
2009$1,505,550 + $799,917
$2,305,467
$28,289
2008$1,476,030 + $784,232
$2,260,262
$26,485
2007$1,447,089 + $768,855
$2,215,944
$25,890

Price Changed 2024-05-11
$3,850,000
CRMLS
Price Changed 2024-02-28
$4,000,000
CRMLS
Listed 2024-01-23
$4,100,000
CRMLS
Listing removed 2022-04-02
$0
CRMLS
Price Changed 2021-12-07
$3,999,000
CRMLS
Relisted 2021-10-25
$4,200,000
CRMLS
Listing removed 2021-10-22
$0
CRMLS
Listed 2021-10-18
$4,500,000
CRMLS
Sold 2016-12-02
$2,969,000
Public Record
Listing removed 2016-07-02
$2,999,000
CRMLS
Listed 2016-05-25
$2,999,000
CRMLS
Sold 2014-07-08
$2,590,000
Public Record

Net Operating Income: 169554.00

Total Square Feet Living: 10990
Year Built: 1954
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 70
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor

Electric Expense: 1534.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 8399.00
Water Source: Public

Sierra Preparatory Academy is a public middle school located approximately 0.5 miles away.
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Hoover Elementary School is a public elementary school located approximately 0.5 miles away.
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Santa Ana High School is a public high school located approximately 1.4 miles away.
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St. Joseph Elementary School is a private elementary and middle school located approximately 0.6 miles away.
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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.