$3,595,000 Price Analysis    ♡   Santa Ana, CA 92706 Unknown bed 16 bath 12,506 SqFt ($287/SqFt) 0.23 acre lot. Built 1979 Listed 2024-05-14, Taxes $18,547 | Ⓧ USDA Ineligible due to price & location near Santa Ana |
Pleased to present 1328 North Durant Street located n Santa Ana
CA. This impressive property fea tures (16) open 1BR/1BA-Jr. units, averaging 700 SF. Boasting recent capital improvements totaling approximately $104, 000, this well-maintained property presents a compelling investment with a $224, 688 price per unit and an enticing 8.7% CAP rate based on market rents.
Residents will enjoy community garage parking, patios, balconies and A/C, making this an attractive prospect for the discerning investor seeking a lucrative addition to their portfolio. 1BR/1BA-Jr are legal studio units with a partition or furniture dividing bedroom area.
Presented by Rick Applebaum at
Morgan Skenderian.
Property MLS #PW24097102 from CRMLS
Lot Size Acres: 0.2343
Lot Size Source: Assessor
Lot Size Square Feet: 10206
Parking Features: Parking YN: Yes, Parking Features: Controlled Entrance
Parking Total: 16
Total Bathrooms in Unit-1: 1
Maintenance Expense: 10726.00
Rent Control: Yes
Source Listing Status: Active
County: Orange
Cap Rate: 4.92
Other Expense: 4944.00
Source Property Type: Residential Income
Insurance Expense: 10005.00
Area: 70 - Santa Ana North of First
Source Neighborhood: Other (OTHR)
New Taxes Expense: 43927.00
Number of Separate Electric Meters: 17
Number of Separate Gas Meters: 17
Number of Separate Water Meters: 1
Parcel Number: 39852120
Postal Code Plus 4: 3884
Subdivision: Other (OTHR)
Trash Expense: 4525.00
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,084,190 + $217,184 $1,301,374 | $18,547 |
| 2021 | $1,062,932 + $212,925 $1,275,857 | $18,145 |
| 2020 | $1,052,033 + $210,742 $1,262,775 | $18,144 |
| 2019 | $1,031,405 + $206,610 $1,238,015 | $17,843 |
| 2018 | $1,011,182 + $202,559 $1,213,741 | $17,234 |
| 2017 | $991,355 + $198,588 $1,189,943 | $17,077 |
| 2016 | $971,917 + $194,694 $1,166,611 | $16,760 |
| 2015 | $957,318 + $191,770 $1,149,088 | $16,540 |
| 2014 | $938,566 + $188,013 $1,126,579 | $16,246 |
| 2013 | $934,325 + $187,163 $1,121,488 | $15,959 |
| 2012 | $916,005 + $183,494 $1,099,499 | $15,590 |
| 2011 | $898,045 + $179,896 $1,077,941 | $14,975 |
| 2010 | $891,334 + $178,551 $1,069,885 | $14,630 |
| 2009 | $893,452 + $178,976 $1,072,428 | $14,387 |
| 2008 | $875,934 + $175,466 $1,051,400 | $13,442 |
| 2007 | $858,759 + $172,026 $1,030,785 | $13,064 |
$3,595,000
CRMLS
Year Built: 1979
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 45
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 3
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 4525.00
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.