1402 N Durant Street

    Santa Ana, CA 92706
    • $3,395,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: PW20066207
    UPDATED: 157 min ago
    $3,395,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,200
      SQFT
    • $303
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Pleased to present the opportunity to acquire The Durant Towers Apartments, a 16-unit apartment building located in the Opportunity Zone of Santa Ana, CA. Built in 1984; the property offers a simple unit mix of all large studio units with every unit featuring a spacious balcony. The property has two on-site laundry facilities, security cameras and direct access to a gated parking garage which includes 18 parking spaces. Each unit features wood floors, tile kitchen floors, wall a/c units and granite countertops in some units. The building is individually metered for gas and electricity. The Durant Towers offers an investor the opportunity to purchase a well-located asset in an Opportunity Zone with a 5.2% cap rate on market rents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T00:25:07.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.

    www.thenajargroup.com/homes/104727985

    1402 N Durant Street Santa Ana, CA 92706

    • Price: $3,395,000
    • Status: Active
    • Updated: 157 min ago
    • ID#: PW20066207
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    11,200
    SQFT
    $303
    $/SQFT
    1923
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    Pleased to present the opportunity to acquire The Durant Towers Apartments, a 16-unit apartment building located in the Opportunity Zone of Santa Ana, CA. Built in 1984; the property offers a simple unit mix of all large studio units with every unit featuring a spacious balcony. The property has two on-site laundry facilities, security cameras and direct access to a gated parking garage which includes 18 parking spaces. Each unit features wood floors, tile kitchen floors, wall a/c units and granite countertops in some units. The building is individually metered for gas and electricity. The Durant Towers offers an investor the opportunity to purchase a well-located asset in an Opportunity Zone with a 5.2% cap rate on market rents.
    Exterior Features

    Garage Spaces 18.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Total 18.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.20 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 236880.00 Gross Multiplier 14.33 Gross Scheduled Income 236880.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 142995.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 0 Number Wall AC 16 Operating Expense 86779.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 86779.00 Trash Expense 0.00 Vacancy Allowance 7106 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Chris Keramati of Triqor Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T00:25:07.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.

     
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    El Cajon CA, 92021