$2,400,000
615 E Civic Center Drive Santa Ana, CA 92701
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$2,400,000
Est. payment /mo
6,420 SqFt
Active
615 E Civic Center Drive Santa Ana, CA 92701
UPDATED:
10/31/2024 05:46 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,420 sqft
Price per Sqft $373
MLS Listing ID CROC24210554
HOA Y/N No
Year Built 1978
Lot Size 7,500 Sqft
Acres 0.17
Property Description
615 Civic Center East Drive, a prime 6-unit multifamily investment property located in the desirable French Park Historical Neighborhood of Santa Ana, CA. Built in 1978, this property features large six two-bedroom and two bath floorplans, complete with amenities such as garages, onsite laundry facility, patio or balconies, and fireplace (select units). The property has had recent capital improvements including upgraded windows, upgraded roof, upgraded facia boards, and is SB-721 compliant. Currently the property offering a 13.76 GIM and a 4.82% CAP rate, providing investors a great cashflow in a highly desirable location. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 0.4 miles from Santa Ana Metrolink Station, and 0.6 miles from the lively 4th Street Market and Downtown Santa Ana, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.90 miles of Santa Ana College, appealing to students and faculty. With proximity to the 5 Interstate, residents can
Location
State CA
County Orange
Area Listing
Interior
Fireplace No
Laundry Other
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 39804207
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Listed by Justin Butler • Kirklen Investment Group
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