1226-1230 E Borchard Avenue

    Santa Ana, CA 92707
    • $4,100,000
    • STATUS: Active Under Contract
    • ON SITE: 36 days
    • ID#: OC20043037
    Under Contract
    UPDATED: 67 min ago
    $4,100,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,108
      SQFT
    • $339
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    1226 & 1230 East Borchard Avenue is a 20-unit multifamily investment property located in Santa Ana, California. Built in 1961, 1226 & 1230 East Borchard Avenue consists exclusively of one-bedroom units and includes amenities such as gated access, on-site laundry, security doors, and open parking. Current ownership recently renovated the exterior, with a new roof and new windows in 2019, and new paint in 2020. The property is located in close proximity to the Interstate 5 and State Route 55 interchange providing residents with easy access to employment hubs in all directions.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-05T13:29:04.607. 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 Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

    www.sdluxe.com/homes/103680062

    1226-1230 E Borchard Avenue Santa Ana, CA 92707

    • Price: $4,100,000
    • Status: Active Under Contract
    • Updated: 67 min ago
    • ID#: OC20043037
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    12,108
    SQFT
    $339
    $/SQFT
    1961
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    1226 & 1230 East Borchard Avenue is a 20-unit multifamily investment property located in Santa Ana, California. Built in 1961, 1226 & 1230 East Borchard Avenue consists exclusively of one-bedroom units and includes amenities such as gated access, on-site laundry, security doors, and open parking. Current ownership recently renovated the exterior, with a new roof and new windows in 2019, and new paint in 2020. The property is located in close proximity to the Interstate 5 and State Route 55 interchange providing residents with easy access to employment hubs in all directions.
    Exterior Features

    Garage Spaces 0.00 Lot Features Lawn Lot Size Source Assessor Lot Size Units Acres Parking Total 20.00 Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels Description 01425119 Additional Parcels YN Yes Building Area Units Square Feet Community Features CurbsGuttersSidewalks Country Us Electric Expense 5355.00 Elevation Units Feet Fuel Expense 5355.00 Gross Income 278960.00 Gross Scheduled Income 275460.00 Insurance Expense 6000.00 Land Lease YN No Laundry Income 3500.00 Laundry YN Yes Maintenance Expense 10000.00 Net Operating Income 155333.00 New Construction YN No New Taxes Expense 51115.00 Number Of Separate Electric Meters 20 Number Of Separate Gas Meters 20 Number Of Separate Water Meters 1 Number Of Units Leased 20 Operating Expense 115363.00 Other Expense 16000.00 Other Expense Description Misc. Professional Management Expense 10828.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 22955.00 Total Expenses 115363.00 Trash Expense 5355.00 Vacancy Allowance 8264 Water Sewer Expense 5355.00 Water Source Public Year Built Source Assessor Zoning M-1

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-05T13:29:04.607. 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 Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037