511 E Washington Avenue
Santa Ana, CA 92701
- – beds
- – baths
- – sqft
- ~1 acre lot
- 1964 build
- – on site
The Washington Avenue Apartments is a 30-unit apartment community located in the very desirable French Court neighborhood of Santa Ana, one of the strongest rental markets in Southern California. The City of Santa Ana is a historic city with a vibrant downtown located in Orange County. Built in 1964, the subject property offers a very attractive unit mix comprised of one-, two-, and three-bedroom units totaling 26,707 square feet situated on just over one acre of land. Approximately 75% of the unit mix consists of two- and three-bedroom units. Some amenities include gated entry with a large courtyard, ample on-site parking including carports, BBQ area, patios/balconies, and an on-site laundry facility. Some recent renovations and upgrades of interiors and exterior include granite countertops, vinyl/plank flooring, new tubs and showers, new appliances, new windows and sliders, new railings, a substantial deck replacement/resurfacing, new A/C units, some new bathrooms and kitchens, and the bulk of the individual water heaters have been replaced. This offering represents an opportunity for an investor to achieve a 5.88% CAP Rate and 6.14% Cash-on-Cash return, on current income, for a well-located and stable/turnkey investment property in the desirable rental market of Santa Ana, California. Additionally, The Washington Avenue Apartments are well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
Last checked:
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Last updated Nov 28, 2024
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MLS# OC24202271 —
The Building
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Year Built:1964
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Year Built Source:Public Records
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New Construction:No
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Building Area Total:26707.00
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Building Area Units:Square Feet
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Total Number Of Units:30
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:30
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# of Separate Water Meters:1
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# of Separate Electric Meters:30
Interior
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Levels:Two
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Entry Location:Ground
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Laundry:Community
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Laundry:1
Location
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Directions:Please do not disturb tenants. Make all offers subject to inspection.
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Latitude:33.75624900
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Longitude:-117.86299000
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:R3
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Lot Features:Landscaped, Near Public Transit
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Lot Size Area:46479.0000
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Lot Size Acres:1.0670
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Lot Size SqFt:46479.00
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Lot Size Source:Public Records
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:4
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Tax Census Tract:744.05
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Tax Tract:140
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Tax Lot:8
The Listing
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Special Listing Conditions:Standard
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Parcel Number:39815118
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Curbs, Sidewalks, Storm Drains, Street Lights
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:56.00
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Uncovered Spaces:22.00
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Carport Spaces:34.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/11/24
Sep 11, 2024
|
Sold | CRMLS_CA |
