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1009 N Parton ST Santa Ana, CA 92701
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Key Details
Sold Price $1,192,558
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW21135215
Sold Date 02/23/22
HOA Y/N No
Year Built 1967
Lot Size 7,801 Sqft
Property Description
The Parton Street 4-plex apartments are a well located 4-plex in Santa Ana which are within walking distance of Orange County Superior Court, Orange County Public Health, Santa Ana City Hall and a host of other county related employment venues. The subject property features detached structures which were built in 1967 and 1996 respectively and the exterior is constructed almost completely of stucco, which limits exterior repair cost down the road. The buildings sit atop a large 7,802 square foot which is enclosed by a wooden fence creating added privacy for the residents. The apartments are occupied by long term tenants who enjoy the spacious apartments, a fenced yard area, enclosed garage parking (3 double car garages), an onsite laundry facility, and individual hot water heaters. The rare combination of being located near desirable county based employment, tenant amenities, and quality of construction will allow the Parton 4-plex apartments to be a sought after rental destination with a low cost of ownership for years to come. Income, Cap rate and GRM numbers are based on proforma rents. Actual rents are below market levels.
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Garage Faces Rear
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Sidewalks
Parking Type Garage Faces Rear
Total Parking Spaces 8
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 39853305
Energy Description 390.0
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Freddie Mac, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Freddie Mac, VA Loan
Financing Cash
Special Listing Condition Standard
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Bought with Farzan Parvizi • First Team Real Estate