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    1615 French Street

    Santa Ana, CA 92701
    • $2,150,000
    • STATUS: Active
    • ON SITE: 311 days
    • ID#: OC20018110
    UPDATED: 49 min ago
    $2,150,000
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,800
      SQFT
    • $199
      $/SQFT
    Type:
    Commercial
    Built:
    1981
    County:

    School Ratings & Info

    Description

    INVESTMENT SUMMARY+G- Two-story multi-tenant Office Building with 9 individual suites and executive offices.+G- Tenant occupied providing an owner-user flexible occupancy options. Most of the leases are on a month to month or expire within a year.+G- Newly painted exterior, exceptional upgraded interiors and private balconies.+G- Offices have separate electrical meters allowing an owner to minimize utility cost.+G- Ample Parking | 30 surface and uncovered spaces with gated parking.+G- Ideal Central Business District location conveniently located to retail goods and services.+G- Easy access to the 5, 22 and 55 freeways as well as the transportation hub (Amtrak, Metrolink). +G- Minutes from Downtown Santa Ana & Civic Center, Tustin and Orange.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T20:31:51.087. 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 or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/102600303
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    1615 French Street Santa Ana, CA 92701

    • Price: $2,150,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: OC20018110
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    10,800
    SQFT
    $199
    $/SQFT
    1981
    Built
    Neighborhood:
    70 - Santa Ana North of First
    County:
    Orange
    Area:
    70 - Santa Ana North of First
    Property Description
    INVESTMENT SUMMARY+G- Two-story multi-tenant Office Building with 9 individual suites and executive offices.+G- Tenant occupied providing an owner-user flexible occupancy options. Most of the leases are on a month to month or expire within a year.+G- Newly painted exterior, exceptional upgraded interiors and private balconies.+G- Offices have separate electrical meters allowing an owner to minimize utility cost.+G- Ample Parking | 30 surface and uncovered spaces with gated parking.+G- Ideal Central Business District location conveniently located to retail goods and services.+G- Easy access to the 5, 22 and 55 freeways as well as the transportation hub (Amtrak, Metrolink). +G- Minutes from Downtown Santa Ana & Civic Center, Tustin and Orange.
    Exterior Features

    Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 5.50 Country Us Expense Year 2019 Gross Scheduled Income 152000.00 Insurance Expense 6000.00 Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 118000.00 Operating Expense 34000.00 Other Expense 12000.00 Property Sub Type Office Real Estate Tax Expense 16400.00 Special Listing Conditions Standard Total Expenses 34000.00 Vacancy Allowance Rate 3.00 Water Source Other

    Listing provided courtesy of Teresita Yu of Ocap Real Estate Financial


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T20:31:51.087. 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 or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731