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2702 W Orion Avenue, Santa Ana, CA 92704

Property Details

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2702 W Orion Avenue
Santa Ana, CA 92704

For Sale: $3,250,000

Property Type: Commercial Apartments
MLS#: PW18261171

  • Building Size: 9100 SF
  • Lot Size: 15682 SF
  • Number of Units: 8
  • Number of Stories: 2
  • Year Built: 1970
  • Days on market: 44
  • Cap Rate: 7.20
  • Net Operating Income: $234,480
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Christian Walsh, Coldwell Banker Res. Brokerage

Property Description

Actual cap rate of 7.2%! We are proud to exclusively present 2636 & 2702 W. Orion Ave. Well located in the South Coast Metro area, this pair of 4 unit Covington-style buildings shares a private common courtyard. Each building’s unit mix includes a single level 3 bedroom/2 bath “owner’s unit,” one ground level 2 bedroom/2 bath, a townhouse-style 2 bedroom/1.5 bath and over the garages is a 2 bedroom/1 bath unit. For the pair, total building size is 9,100 sqft and total lot size is 15,682 sqft. All 8 units feature renovated interiors: including new kitchens, bathrooms, new flooring and newer windows. The buildings are recently painted and courtyard fully remodeled with planters and patio cover. Parking for each building includes 5 garage spaces and two additional parking spots. Each garage has washer/dryer hookups. There are 5 gas and 5 electric meters for each building. The buildings are under a master lease for all 8 units through the beginning of March 2020. The tenant manages the building and pays for all utilities, including water, trash and gardener.

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2702 W Orion Avenue, Santa Ana, CA 92704

Based on information from California Regional Multiple Listing Service, Inc. as of December 4, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Christian Walsh, Coldwell Banker Res. Brokerage

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