1905 W Myrtle
Santa Ana, CA 92703
- – beds
- – baths
- – sqft
- 8,166 sqft lot
- 1957 build
- – on site
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The Best Deal for Investor. NO RENT CONTROL! Located in a High Demand Area of Rental Apartments in the City Of Santa Ana. Total 6 Units. ALL 2 Bedrooms with 1 Bathroom in Each Unit (Approx. 750 Sq.Ft. Per Unit). Inside 4,501 Sq. Ft. with Lot Size 8,166 Sq. Ft. No Vacancy. 100% Occupancy. Long Term Tenants. Low Maintenance Fee. Current Monthly Rent for Each Unit $ 1,600 / $1,475 / $ 1,450 / $ 1,450 / $ 1,350 / $ 1,600. Pro Forma Monthly Rent Approx. $ 1,700. Current Monthly Gross Income $ 8,925. Annual Gross Rental Income $ 107,100. Current Annual Expenses: $ 22,950 ( Includes Annual Electricity $ 240 / Annual Gas : $ 2,196 / Annual Trash $ 2,184 / Annual Current Insurance $ 1,980 / Annual Current Property Tax : $ 15,600). Annual Net Income : $ 84,150. Current Cap Rate: 5.28% (With Current Existing Property Tax). Total Detached 6 Car Garage Spaces in the Back Yard. Easy Access to Freeways 5, 22 and 57. Close to Schools. Great Property for Investors!
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Last updated Apr 29, 2024
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MLS# TR19073014 —
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/14/19
Oct 14, 2019
|
Sold | CRMLS_CA | $1,510,000 | -5.3% |
|
8/29/19
Aug 29, 2019
|
Pending | CRMLS_CA | $1,595,000 | |
|
4/2/19
Apr 2, 2019
|
Listed / Active | CRMLS_CA | $1,595,000 | 80.2% (17.3% / YR) |