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    601 S Main Street

    Santa Ana, CA 92701
    • $1,150,000
    • STATUS: Active
    • ON SITE: 131 days
    • ID#: PW21102289
    UPDATED: 22 min ago
    $1,150,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    We are pleased to offer 601 S. Main Street, a charming historic brick-sided 4-plex located in the highly in-demand rental market of Santa Ana. Ideally situated on a corner lot, 601 S. Main Street is just half a mile from Downtown Santa Ana. Downtown is rapidly gentrifying as the best location within the city, stacked full of eclectic eateries, elevated dining, a bustling nightlife, shopping, and a host of other activities that appeal to all ages. The offering at 601 S. Main Street is comprised of all highly favorable 2-bedroom units, each with a patio/balcony. Additionally, 3 out of the 4 units offer garage parking to accompany the open parking offering ample spots for everyone. The investment opportunity at 601 S. Main Street offers a new investor the opportunity to own a low-maintenance investment property with arguably the best location on the market today. With as little as 25% down payment and easily obtainable market rents, 601 S. Main Street is an exceptional opportunity for all types of investors to own in one of the strongest rental markets within Orange County.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-22T13:29:26.097. 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, South Bay. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/117169801
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    601 S Main Street Santa Ana, CA 92701

    • Price: $1,150,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: PW21102289
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1921
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    We are pleased to offer 601 S. Main Street, a charming historic brick-sided 4-plex located in the highly in-demand rental market of Santa Ana. Ideally situated on a corner lot, 601 S. Main Street is just half a mile from Downtown Santa Ana. Downtown is rapidly gentrifying as the best location within the city, stacked full of eclectic eateries, elevated dining, a bustling nightlife, shopping, and a host of other activities that appeal to all ages. The offering at 601 S. Main Street is comprised of all highly favorable 2-bedroom units, each with a patio/balcony. Additionally, 3 out of the 4 units offer garage parking to accompany the open parking offering ample spots for everyone. The investment opportunity at 601 S. Main Street offers a new investor the opportunity to own a low-maintenance investment property with arguably the best location on the market today. With as little as 25% down payment and easily obtainable market rents, 601 S. Main Street is an exceptional opportunity for all types of investors to own in one of the strongest rental markets within Orange County.
    Exterior Features

    Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Open Parking Spaces 3 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 4.2 Common Interest None Community Features CurbsStorm Drain(S)Street LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 75000 Insurance Expense 1359 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 3638 Net Operating Income 47987 New Construction YN No New Taxes Expense 12702 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 4 Operating Expense 24763 Other Expense 5197 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 2250 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public

    Listing provided courtesy of Rick Applebaum of Morgan Skenderian and Paul Espinosa of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-22T13:29:26.097. 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, South Bay. Licensed in the State of California, USA.
     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
    23670 Hawthorne Blvd. #100
    Torrance CA, 90505