215 E 15th St | Santa Ana, CA 92701
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- LoopNet Team
215 E 15th St
Santa Ana, CA 92701
Park Tower Apartments · Multifamily Property For Sale
·
74 Units
INVESTMENT HIGHLIGHTS
- Luxury and Well-Kept Property with Nice Curb Appeal & Rental Upside, Securely Gated Entrance with Grade Level & Subterranean Parking
- Units Include Private Patios, Air Conditioning, Garbage Disposals, Upgraded Kitchens & Bathrooms, and Spacious Floor Plans
- Located in the Desirable French Court, Also Next to Trendy Artist District and Art Walk, Downtown Orange County, and Downtown Santa Ana
- Newer Built in 1985, Interior & Exterior Renovations Completed from 2018-22, Which Include 54 of 74 Unit Interiors & an Extensive Exterior Renovation
- Huge Upside in Rental Income: Some units are $250-580 below the current rents in the building, plus there is an additional $200/unit potential
- Attractive Assumable Financing Available: $12,525,000 I.O. Loan, 3.02% as of 5/5/22, Variable Rate Loan. Buyer Can Get New Financing Also.
PROPERTY FACTS
| No. Units | 74 | Lot Size | 0.66 AC |
| Property Type | Multifamily | Building Size | 50,400 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1984/2021 |
| Building Class | B | ||
| Zoning | R3 | ||
| No. Units | 74 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.66 AC |
| Building Size | 50,400 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1984/2021 |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Ceiling Fans
- Tile Floors
- Patio
- Vinyl Flooring
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 40 | $1,755 | 539 |
| 2+2 | 34 | $2,225 | 814 |
PROPERTY TAXES
| Parcel Number | 398-125-16 | Improvements Assessment | $8,193,486 |
| Land Assessment | $13,685,514 | Total Assessment | $21,879,000 |
PROPERTY TAXES
Parcel Number
398-125-16
Land Assessment
$13,685,514
Improvements Assessment
$8,193,486
Total Assessment
$21,879,000
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