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918 French Street

Santa Ana, CA 92701
  • $1,599,000
  • STATUS: Active
  • ON SITE: 48 Days
  • ID#: PW22065223
UPDATED: 27 min ago
$1,599,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1907
County:

School Ratings & Info

Listing Agent(s): James Zhou of Keller Williams Costa Mesa (949-734-6581)


Description

Unique property in the heart of Santa Ana in the Historic French Park neighborhood with it's large traditional homes. With it's large number rooms (8 rooms), bathrooms (6) and 2 kitchens, the property can be used to house multi-generations of the same extended family, rented out to different tenants as a rental property or for commercial purposes such as a child care facility or as a library, art gallery, museum, or private school with a conditional use permit. See attached supplement (the property is located in a zone called Specific Development Plan No 19 which permits residential and certain commercials uses). There is also enough room in the lot size for a potential ADU should the buyer want even more rental income. Seller has intentionally limited the number of tenants to 2 to allow for the next owner flexibility in the usage of the property. The property and neighborhood has a charm that brings back memories of a time that people long for. Set around this traditional nostalgic character of the neighborhood are the shops, restaurants, museums, bars, government offices, etc all conveniently within walking distance and appealing to tenants for either residential or commercial purposes.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T23:29:22.76. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127454183
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918 French Street Santa Ana, CA 92701

  • Price: $1,599,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 27 min ago
  • ID#: PW22065223
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1907
Built
Neighborhood:
Other (Othr)
County:
Orange
Area:
70 - Santa Ana North of First
Property Description
Unique property in the heart of Santa Ana in the Historic French Park neighborhood with it's large traditional homes. With it's large number rooms (8 rooms), bathrooms (6) and 2 kitchens, the property can be used to house multi-generations of the same extended family, rented out to different tenants as a rental property or for commercial purposes such as a child care facility or as a library, art gallery, museum, or private school with a conditional use permit. See attached supplement (the property is located in a zone called Specific Development Plan No 19 which permits residential and certain commercials uses). There is also enough room in the lot size for a potential ADU should the buyer want even more rental income. Seller has intentionally limited the number of tenants to 2 to allow for the next owner flexibility in the usage of the property. The property and neighborhood has a charm that brings back memories of a time that people long for. Set around this traditional nostalgic character of the neighborhood are the shops, restaurants, museums, bars, government offices, etc all conveniently within walking distance and appealing to tenants for either residential or commercial purposes.
Exterior Features

Architectural Style Traditional Construction Materials Drywall Direction Faces East Exterior Features Awning(S)Rain Gutters Fencing None Foundation Details Concrete PerimeterRaised Lot Features 6-10 Units/AcreFront YardLandscapedNear ParkRectangular LotYard Number Of Separate Electric Meters 1 Open Parking Spaces 5 Parking Features DrivewayGaragePavedPrivateOn Street Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Roof Asphalt Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Accessibility Features Safe Emergency Egress From HomeParkingAccessible Doors Appliances Convection OvenDisposalGas OvenGas RangeRefrigeratorTankless Water HeaterWater Heater Basement YN Yes Common Walls 2+ Common Walls Cooling See RemarksWall/Window Unit(S) Cooling YN Yes Fireplace Features Master BedroomWood Burning Fireplace YN Yes Flooring Wood Heating Space HeaterSee Remarks Heating YN Yes Interior Features BalconyHigh CeilingsPantryPartially FurnishedStair ClimberTile CountersAll Bedrooms UpAll Bedrooms DownBedroom On Main LevelGalley KitchenMain Level MasterWalk-In Closet(S) Window Features BlindsDrapesScreens

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.7 Common Interest None Community Features Park Contingency Seller May Do 1031 Exchange; Buyer To Cooperate With Seller if So Current Financing None Disclosures Rent Control Electric Standard Electric Expense 2130 Exclusions Furnishings Owned By Tenants Fuel Expense 0 Garage YN Yes Gross Income 128400 Gross Scheduled Income 128400 Inclusions Furnishings Owned By Seller Insurance Expense 1850 Land Lease YN No Laundry Features Washer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalContract Maintenance Expense 3500 Net Operating Income 105082 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 23318 Other Expense 3000 Possession Close Of Escrow Property Condition FixerRepairs Cosmetic Property Sub Type Mixed Use Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 3200 Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Available Water Sewer Expense 1912 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T23:29:22.76. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): James Zhou of Keller Williams Costa Mesa (949-734-6581)