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    2726 W Aurora Street

    Santa Ana, CA 92704
    • $1,589,000
    • STATUS: CONTINGENT
    • ON SITE: 18 days
    • ID#: 302604890
    Under Contract
    UPDATED: 40 min ago
    $1,589,000
    • 9
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    Hard to find Covington 4-Plex in walking distance to South Coast Plaza!!! Location is excellent near Calvary Chapel and only 2 blocks out of Costa Mesa. Approximately $65,000 spent on this just completed, remodeled single story 3 bedroom unit with no tenants above. The spacious patio in the 3br unit is in the process of being completely redone in either cement slab or pavers and, lastly, the fireplace in the living room is also in process of being remodeled or refinished. Virtually everything is new and b Hard to find Covington 4-Plex in walking distance to South Coast Plaza!!! Location is excellent near Calvary Chapel and only 2 blocks out of Costa Mesa. Approximately $65,000 spent on this just completed, remodeled single story 3 bedroom unit with no tenants above. The spacious patio in the 3br unit is in the process of being completely redone in either cement slab or pavers and, lastly, the fireplace in the living room is also in process of being remodeled or refinished. Virtually everything is new and beautifully done. The 3br can be shown to your prospective Buyers. This 4-Plex would be especially suited for your owner occupant Buyer or also great for your investor clients with it being able to generate excellent income. The rent shown on the 3br is projected market rent. Without question, this unit shows like a model home. The other 3 units have lots of room to raise rents. Last rent increases on units 2, 3 and 4 was in 2016. Each unit has a 1 car garage and all units have washer and dryer hook-ups in their garages. Also, each unit has it's own separate water heater resulting in lower owner expense because of the tenants paying for heating their water instead of the landlord. The two 2br - 2ba units are large with excellent layouts and large master bedrooms. All units have forced air heaters with exception of the 2br - 1ba unit above the garages which has a wall heater. This one won't last long. So hurry with your 4-Plex Buyers!!!

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/108181326
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    2726 W Aurora Street Santa Ana, CA 92704

    • Price: $1,589,000
    • Status: CONTINGENT
    • Updated: 40 min ago
    • ID#: 302604890
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1968
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    Oc - Santa Ana (92704)
    Property Description
    Hard to find Covington 4-Plex in walking distance to South Coast Plaza!!! Location is excellent near Calvary Chapel and only 2 blocks out of Costa Mesa. Approximately $65,000 spent on this just completed, remodeled single story 3 bedroom unit with no tenants above. The spacious patio in the 3br unit is in the process of being completely redone in either cement slab or pavers and, lastly, the fireplace in the living room is also in process of being remodeled or refinished. Virtually everything is new and b Hard to find Covington 4-Plex in walking distance to South Coast Plaza!!! Location is excellent near Calvary Chapel and only 2 blocks out of Costa Mesa. Approximately $65,000 spent on this just completed, remodeled single story 3 bedroom unit with no tenants above. The spacious patio in the 3br unit is in the process of being completely redone in either cement slab or pavers and, lastly, the fireplace in the living room is also in process of being remodeled or refinished. Virtually everything is new and beautifully done. The 3br can be shown to your prospective Buyers. This 4-Plex would be especially suited for your owner occupant Buyer or also great for your investor clients with it being able to generate excellent income. The rent shown on the 3br is projected market rent. Without question, this unit shows like a model home. The other 3 units have lots of room to raise rents. Last rent increases on units 2, 3 and 4 was in 2016. Each unit has a 1 car garage and all units have washer and dryer hook-ups in their garages. Also, each unit has it's own separate water heater resulting in lower owner expense because of the tenants paying for heating their water instead of the landlord. The two 2br - 2ba units are large with excellent layouts and large master bedrooms. All units have forced air heaters with exception of the 2br - 1ba unit above the garages which has a wall heater. This one won't last long. So hurry with your 4-Plex Buyers!!!
    Exterior Features

    Pool N/K Site Sidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 1 Units With Range Oven 4

    Property Features

    Actual Cap Rate 3.67 Annual Expense Actual 31114 Buildings 1 Gross Rent Multiplier Actual 17.42 Gross Scheduled Income Actual 91200 Possession Close Of Escrow Tenant Pays ElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 2950.0 Unit2 Rent Actual 1560.0 Unit3 Rent Actual 1625.0 Unit4 Rent Actual 1450.0 Water Meter On Property

    Listing provided courtesy of New Dimension Investment Prop. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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