939-1017 S Standard Avenue

    Santa Ana, CA 92701
    • $9,995,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: OC19026058
    UPDATED: 37 min ago
    $9,995,000
    • 0
      BEDS
    • 0.73
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 29,560
      SQFT
    • $338
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    South Standard Portfolio is a 48-unit multifamily investment portfolio located in Santa Ana, California. Built in 1958, the South Standard Portfolio consists of 48 multifamily units across four parcels. Most units at 939 & 1001 South Standard Avenue have been partially renovated with upgraded flooring, kitchen, and bath. Seventeen of the units at 1013 & 1017 South Standard Avenue have been partially renovated with new flooring, kitchens, and baths. The exterior of 1013 & 1017 South Standard Avenue was recently renovated in 2018. The South Standard Portfolio is situated near schools, parks, and major transportation routes. The properties can be acquired together or as separate 24-unit buildings.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T20:39:27.957. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/91538740

    939-1017 S Standard Avenue Santa Ana, CA 92701

    • Price: $9,995,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: OC19026058
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.73
    Acres
    29,560
    SQFT
    $338
    $/SQFT
    1958
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    South Standard Portfolio is a 48-unit multifamily investment portfolio located in Santa Ana, California. Built in 1958, the South Standard Portfolio consists of 48 multifamily units across four parcels. Most units at 939 & 1001 South Standard Avenue have been partially renovated with upgraded flooring, kitchen, and bath. Seventeen of the units at 1013 & 1017 South Standard Avenue have been partially renovated with new flooring, kitchens, and baths. The exterior of 1013 & 1017 South Standard Avenue was recently renovated in 2018. The South Standard Portfolio is situated near schools, parks, and major transportation routes. The properties can be acquired together or as separate 24-unit buildings.
    Exterior Features

    Garage Spaces 0.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels Description 011-251-06; 011-251-09; 011-251-10 Additional Parcels YN Yes Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 15278.00 Elevation Units Feet Fuel Expense 15278.00 Gross Income 702300.00 Gross Operating Income 681681.00 Gross Scheduled Income 702300.00 Insurance Expense 11362.00 Land Lease YN No Laundry YN Yes Maintenance Expense 24000.00 Net Operating Income 399678.00 New Construction YN No New Taxes Expense 123062.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 48 Operating Expense 282003.00 Other Expense 35200.00 Other Expense Description Other Professional Management Expense 27267.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 57275.00 Total Expenses 282003.00 Trash Expense 15278.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 15278.00 Water Source Public Year Built Source Assessor Zoning R3

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T20:39:27.957. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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