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902 E 17th St 18 Unit Apartment Building $3,850,000 ($213,889/Unit) 5% Cap Rate Santa Ana, CA 92701
INVESTMENT HIGHLIGHTS
- Well-Maintained Property Situated on ± 11,547 SF Lot Built in 1954
- Significant Potential for Rental Upside
- Property Features Include: Gated Entry, Courtyard, Mature Landscaping, Carport and Surface Vehicle Parking
- Attractive Unit Mix Featuring One and Two Bedroom Floor Plans | Average Unit Size of 611 Square Feet
- Newly Reinforced Support Columns
- Kitchens with Fully-Equipped Appliances, Wall-to-Wall Carpeting, and Wall Air Conditioning and Heating
EXECUTIVE SUMMARY
902 E 17th Street comprises of 18 units situated on a well-maintained 11,547 square feet lot of land. The property's cross streets are Lincoln Avenue and Fairmont Street. 902 E 17th Street sits adjacent to the I-5 Freeway and is within a two-mile radius to Downtown Santa Ana. The property offers convenient access to grocery stores, pharmacies, restaurants, and plenty of specialty retail all within walking distance.
The property features mature landscaping with courtyard, gated entry, on-site tuck-under and surface vehicle parking. The units feature kitchens fully equipped
with appliances, wall-to-wall carpet and wall air conditioning and heating.
The property features mature landscaping with courtyard, gated entry, on-site tuck-under and surface vehicle parking. The units feature kitchens fully equipped
with appliances, wall-to-wall carpet and wall air conditioning and heating.
PROPERTY FACTS
| Price | $3,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $213,889 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 5% | Building Size | 10,990 SF |
| Gross Rent Multiplier | 12.16 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Zoning | C5 | ||
| Price | $3,850,000 |
| Price Per Unit | $213,889 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.16 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 10,990 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | C5 |
AMENITIES
SITE AMENITIES
- Courtyard
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | $1,400 | 575 |
| 2+1 | 3 | $1,700 | 790 |
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Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 398-162-01 | Improvements Assessment | $2,258,497 |
| Land Assessment | $1,187,279 | Total Assessment | $3,445,776 |
PROPERTY TAXES
Parcel Number
398-162-01
Land Assessment
$1,187,279
Improvements Assessment
$2,258,497
Total Assessment
$3,445,776
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902 E 17th St
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