City of Santa Ana. Built in Year 1985. Gated Community for 22 Units in Four Connected buildings, 22 units with Gated 34 Parking Spaces. The Property is Located in High Rental Demand and High Employment Area of Santa Ana. No Rent Control. Each Unit Has It's Own Water Heater. The 14 Units are One Bedroom with One Bath (Current Monthly Rent $1,075, Market Rent $1,275). Another 8 Units are Two Bedrooms with TWO Baths (Current Monthly Rent $1,400, Market Rent $ 1,675). Total Monthly Gross Rent is $26,155. (Annual Pro Forma Gross Rent # 370,800) Annual Gross Income is $313,860 Plus Annual Laundry Income $5,100, Annual Expense Approx. $78,889, Annual Net Income $240,070. Near BY Main St and Chestnut Dr. Walking Distance to Downtown Santa Ana, Freeway 5, McDonald's, Shopping Center and Bus Stations.
*Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit.
Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and
property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers.
Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.