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Listed by Justin White • Justin White
$1,925,000
Est. payment /mo
5,042 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,042 sqft
Price per Sqft $381
MLS Listing ID CRPW25143945
HOA Y/N No
Year Built 1937
Lot Size 9,312 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
An excellent opportunity to acquire a 6-unit multifamily building in Santa Ana. Located at 802 N Spurgeon St, this multifamily asset was built in 1937. It offers (4) 2 bed + 1 bath units and (2) 1 bed + 1 bath units that also have additional dining rooms. Residents of the property enjoy use of an off-street parking a lot, as well as three garages for additional storage. The buildings boast a total of 5,042 gross rentable square feet on a large 9,288 square foot corner lot. Tenants enjoy the ability to quickly walk to food halls, bars, restaurants and stores in the Downtown area. Buyers will notice a number of similar sized apartment buildings in the neighborhood that have been beautifully renovated to include luxury finishes and cater to a high-end tenant demographic. These neighboring properties serve as an excellent proof of concept for what can be done with this property and the achievable market rental income. -6 charming units in Historic French Park -Large 9,288 square foot lot -Solid in-place income and significant upside -Walking distance to 4th Street & Downtown Santa Ana -Most rapidly gentrifying neighborhood in Santa Ana
Location
State CA
County Orange
Interior
Heating Forced Air
Fireplace No
Laundry No Hookups
Building
Lot Description Corner Lot
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