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Key Details
Sold Price $715,000
Property Type Other Types
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 1,740 sqft
Price per Sqft $410
MLS Listing ID CL23249349
Sold Date 05/23/23
Bedrooms 1
HOA Y/N No
Year Built 1930
Lot Size 6,141 Sqft
Acres 0.14
Property Description
626 E 3rd. St. is a 4-unit multifamily investment property located in Santa Ana, CA. Built in 1920, this property is located at 626 E 3rd St. and consists of all one-bedroom, one bath units, in addition to tremendous rental upside potential with an interior renovation plan and adding an ADU. The property is situated on a +/- 6,141 SF lot and is zoned for 5+ units. This provides an investor with the potential of an ADU addition for more rental income but keeping the integrity of the existing parking spaces for the tenants. An investor can also take advantage of additional tax benefits with the property being situated in an opportunity zone. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water, electricity, gas, and trash. We encourage all interested parties to do their own due diligence with Santa Ana's planning and development division regarding any ADU potential! The property to be sold as-is!
Location
State CA
County Orange
Area Santa Ana North Of First
Interior
Heating None
Cooling No Air Conditioning
Fireplace No
Exterior
Parking Type Other
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 39848210
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with LesleyTeasley