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222 Cypress Ave
Santa Ana, CA 92701
Cypress Avenue Apartments · Multifamily Property For Sale
·
3 Units
Investment Highlights
- 5.7% CAP Rate and 10% Total Return on Current Income
- Large Yard and Ample On-Site Parking
- Easy Access to the 5 Freeway & Close to Retail, Schools, Entertainment, & Employment
- Desirable Unit Mix of (1) 5 Bed/ 2 Bath House, (1) 2 Bed/ 1 Bath Unit, and (1) Studio
- Close Proximity to City Attractions Including Downtown Santa Ana/ Civic Center, Bowers Museum, Discovery Science Center, and Main Place Mall
- Low Expense Property / Separately Metered for Gas & Electricity
Property Facts
| No. Units | 3 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 2,641 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1914 |
| Zoning | R3-B | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,641 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1914 |
| Zoning | R3-B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 1 | $3,500 | 1,508 |
| 2+1 | 1 | $1,375 | 683 |
| Studios | 1 | $1,050 | 450 |
Property Taxes
| Parcel Number | 404-091-05 | Improvements Assessment | $159,181 |
| Land Assessment | $1,167,329 | Total Assessment | $1,326,510 |
Property Taxes
Parcel Number
404-091-05
Land Assessment
$1,167,329
Improvements Assessment
$159,181
Total Assessment
$1,326,510
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