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    332 S Newhope Street

    Santa Ana, CA 92704
    • $3,700,000
    • STATUS: CONTINGENT
    • ON SITE: 109 Days
    • ID#: NP21141727
    Under Contract
    UPDATED: 28 min ago
    $3,700,000
    • 5
      BEDS
    • 0.78
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Peppertree Apartments offer a professional investor the opportunity to purchase an income producing property with 30% upside in Rents. There is also potential to build two additional units on the .8 Acre lot. The complex is located off of Newhope St., with great exposure for marketing future vacant units. The parcel is also situated just TWO bock from the Fountain Valley northern border. There are four Middle and Elementary schools within walking distance, as well as a multitude of Retail Centers and Parks. The Peppertree Apartments offer a professional investor the opportunity to purchase an income producing property with 30% upside in Rents. There is also potential to build two additional units on the .8 Acre lot. The complex is located off of Newhope St., with great exposure for marketing future vacant units. The parcel is also situated just TWO bock from the Fountain Valley northern border. There are four Middle and Elementary schools within walking distance, as well as a multitude of Retail Centers and Parks.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.solisteamrealty.com/homes/118845677
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    332 S Newhope Street Santa Ana, CA 92704

    • Price: $3,700,000
    • Status: CONTINGENT
    • Updated: 28 min ago
    • ID#: NP21141727
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.78
    Acres
    Neighborhood:
    Oc - Santa Ana (92704)
    County:
    Orange
    Area:
    Oc - Santa Ana (92704)
    Property Description
    The Peppertree Apartments offer a professional investor the opportunity to purchase an income producing property with 30% upside in Rents. There is also potential to build two additional units on the .8 Acre lot. The complex is located off of Newhope St., with great exposure for marketing future vacant units. The parcel is also situated just TWO bock from the Fountain Valley northern border. There are four Middle and Elementary schools within walking distance, as well as a multitude of Retail Centers and Parks. The Peppertree Apartments offer a professional investor the opportunity to purchase an income producing property with 30% upside in Rents. There is also potential to build two additional units on the .8 Acre lot. The complex is located off of Newhope St., with great exposure for marketing future vacant units. The parcel is also situated just TWO bock from the Fountain Valley northern border. There are four Middle and Elementary schools within walking distance, as well as a multitude of Retail Centers and Parks.
    Exterior Features

    Pool N/K Roof Rock/Gravel Spa N/K

    Interior Features

    Heat Source Natural Gas Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 3.35 Annual Expense Actual 86958 Buildings 5 Gross Rent Multiplier Actual 17.19 Gross Scheduled Income Actual 215280 Terms Exchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 900.0 Unit2 Rent Actual 1270.0 Unit3 Rent Actual 1555.0 Unit4 Rent Actual 2050.0 Zoning Assessor

    Listing provided courtesy of R L M Equities. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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