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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,540,000

Est. payment - /mo

8.42 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Chestnut Square (Chsq)

MLS Listing ID PW26219588

HOA Y/N No

Year Built 1976

Lot Size 8.421 Acres

Property Sub-Type Apartment

Property Description

Excellent opportunity to acquire a 10-unit multifamily building on the border of Santa Ana and Tustin. Located at 549 N Tustin Ave, this multifamily asset was built in 1976. It offers ten large and well maintained 1 bedroom + 1 bathroom units. The building boasts a total of 7,040 gross rentable square feet and is part of a community of 35 similar buildings. The complex is managed by an HOA which staffs an on-site management office. Gated access, two pool areas, a large playground, off-street parking and on-site laundry facilities make the property particularly appealing for renters and landlords.

The property conveniently located right on the border of Santa Ana and Tustin with onramps to both the 55 and 5 freeways a couple of minutes away. The property is walking distance to Subway Restaurant, Country Café, Noodle Place and more. Just to the North of the property are multiple hospitals and medical clinics offering convenient care and job opportunities. Sports fans will find the location particularly appealing due to its convenient location about fifteen minutes by car to The Honda Center and Angel Stadium.

For the right investor, this multifamily asset represents a the perfect opportunity to generate years of steady cash flow with minimal management or maintenance responsibilities. With the HOA handling management, maintenance and leasing this is the perfect passive investment for an owner who is looking for a completely hands-off ownership experience. As units turn over, the upside in rental income will be easily achievable.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Interior Features Balcony

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport

Carport Spaces 10

Pool Community, Fenced, In Ground

Community Features Suburban, Pool

Total Parking Spaces 10

Private Pool No

Building

Lot Description Near Public Transit, Yard

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 93071523

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Justin White Justin White 714.231.2537, DRE #01267826

NEARBY SCHOOL & BUSINESS

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549 N Tustin AVE Santa Ana, CA 92705