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Listed by Justin White • Justin White
$ 1,925,000
Est. payment /mo
Price Dropped by $25K
802 North Spurgeon Street Santa Ana, CA 92701
5,042 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 5,042 sqft
Price per Sqft $381
Subdivision French Park Condos
MLS Listing ID PW-25143945
Year Built 1937
Lot Size 9,312 Sqft
Property Sub-Type Commercial/Residential
Property Description
An excellent opportunity to acquire a 6-unit multifamily building in Santa Ana. Located at 802 N Spurgeon St, this multifamily asset was built in 1937. It offers (4) 2 bed + 1 bath units and (2) 1 bed + 1 bath units that also have additional dining rooms. Residents of the property enjoy use of an off-street parking a lot, as well as three garages for additional storage. The buildings boast a total of 5,042 gross rentable square feet on a large 9,288 square foot corner lot. Tenants enjoy the ability to quickly walk to food halls, bars, restaurants and stores in the Downtown area. Buyers will notice a number of similar sized apartment buildings in the neighborhood that have been beautifully renovated to include luxury finishes and cater to a high-end tenant demographic. These neighboring properties serve as an excellent proof of concept for what can be done with this property and the achievable market rental income. -6 charming units in Historic French Park -Large 9,288 square foot lot -Solid in-place income and significant upside -Walking distance to 4th Street & Downtown Santa Ana -Most rapidly gentrifying neighborhood in Santa Ana
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Interior
Heating Forced Air
Laundry None
Exterior
Parking Features Gated
Garage Spaces 3.0
Pool None
Community Features Suburban
Building
Lot Description Corner Lot
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944