Santa Ana, CA 92701,222 Cypress Avenue
Santa Ana, CA 92701,222 Cypress Avenue
Santa Ana, CA 92701,222 Cypress Avenue
$1,250,000
Est. payment /mo
$1,195,000
4.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

7 Beds
4 Baths
7,505 Sqft Lot
SOLD DATE : 12/09/2021

Key Details

Sold Price $1,250,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC21225300

Sold Date 12/09/21

Bedrooms 7

HOA Y/N No

Lot Size 7,505 Sqft

Property Description

Three Unit Multi-Family Community located in Santa Ana. This property offers a unit mix consisting of one five-bedroom/ two-bathroom house, one Remodeled Two-bedroom/ one-bathroom unit, and one Remodeled Studio unit - all units consist a total of 2,614 livable square feet, on a 7,500 square foot lot with separate electric and gas meters for each unit. The subject property features tenant amenities such as: a large yard, on-site parking, washer/dryer hookups, and patios. Located in close proximity to the vibrant Downtown area and the Santa Ana Civic Center, providing immediate access to the 5 Freeway. This is a rare opportunity for an investor to acquire a 6.17% Cap Rate for a Stable Investment property in the solid rental market of Santa Ana, California.
Three Unit Multi-Family Community located in Santa Ana. This property offers a unit mix consisting of one five-bedroom/ two-bathroom house, one Remodeled Two-bedroom/ one-bathroom unit, and one Remodeled Studio unit - all units consist a total of 2,614 livable square feet, on a 7,500 square foot lot with separate electric and gas meters for each unit. The subject property features tenant amenities such as: a large yard, on-site parking, washer/dryer hookups, and patios. Located in close proximity to the vibrant Downtown area and the Santa Ana Civic Center, providing immediate access to the 5 Freeway. This is a rare opportunity for an investor to acquire a 6.17% Cap Rate for a Stable Investment property in the solid rental market of Santa Ana, California.

Location

State CA

County Orange

Area Oc - Santa Ana (92701)

Zoning Assessor

Building

Lot Description Corner Lot, Curbs, Sidewalks

Lot Size Range 7500-10889 SF

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $3,700

Listing Terms Cash, Conventional, Exchange

Financing Conventional

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Prashant Sampat • Pacific Avenue Realty
Bought with Ericka McAbee • Compass
advisor-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.