$1,995,000
About this home
Great Value-Add opportunity in the renowned French Park neighborhood in Santa Ana. Located 1 block away from East Civic Center Drive. Be right in the action of the redevelopment going on in Downtown Santa Ana. This is a pair of fourplexes, one facing 506 Vance St and one facing 833 N Lacy. Both have a similar layout: eight one-bedroom floorplans with an eat-in kitchen, living room, and full bathroom. There are four ground-level units and four units on the second level, all with individual access. A third building houses the community/coin-op washer and dryer; the washer/dryer units are leased. Seven one-car garage spaces are available for tenant use; three face the alley towards the North East, and four face Vance St on the North West Side. The units' flooring is a combination of laminate tile and vinyl flooring, and countertops are tile. Potential rents are $191,520 ($1,995 x8) Actual rents are $139,392
Facts & features
- Cooling
- Wall Window Units
- Laundry
- Common Area
- Lot size
- 0.21 acres (9,148 sq ft)
- Year built
- 1946
- Area
- 70 - Santa Ana North of First
- County
- Orange
- Status
- Active
- Property type
- Multi Family
- Days on market
- 398
- Listed
- 2025-05-06
- Terms
- Cash, Cash To New Loan
- Parcel #
- 39804201
- MLS #
- PW25101465
