Property Details
About this Property
615 Civic Center East Drive, a prime 6-unit multifamily investment property located in the desirable French Park Historical Neighborhood of Santa Ana, CA. Built in 1978, this property features large six two-bedroom and two bath floorplans, complete with amenities such as garages, onsite laundry facility, patio or balconies, and fireplace (select units). The property has had recent capital improvements including upgraded windows, upgraded roof, upgraded facia boards, and is SB-721 compliant. Currently the property offering a 13.76 GIM and a 4.82% CAP rate, providing investors a great cashflow in a highly desirable location. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 0.4 miles from Santa Ana Metrolink Station, and 0.6 miles from the lively 4th Street Market and Downtown Santa Ana, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.90 miles of Santa Ana College, appealing to students and faculty. With proximity to the 5 Interstate, residents ca
MLS Listing Information
MLS #
CROC24210554
MLS Source
California Regional MLS
Days on Site
29
Parking, School, and Other Information
Garage/Parking
Garage: 10 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 6 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
615 E Civic Center Dr is a Residential Income in Santa Ana, CA 92701. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,400,000 and was built in 1978. This address can also be written as 615 E Civic Center Dr, Santa Ana, CA 92701.
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This listing information is up-to-date as of October 31, 2024. For the most current information, please contact Justin Butler, (949) 942-1305
