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324 E Pine Street, Santa Ana, CA 92701
8
beds
6
baths
4350
ft2
· 7663
ft2 lot
$1,400,000
$322 / ft2
Listing provided courtesy of Brenden Felix, Brenden Felix.
Source CRMLS.
I am pleased to present a unique opportunity located in one of Orange County’s strongest rental markets. This Historic property contains 5 + 1 Non-conforming Jr ADU unit in the heart of Santa Ana. The vintage property consists of One – 4 Bed / 1 Bath unit, Two – 2 Bed / 1 Bath Units, Two – Studio Units and 1 non-conforming Jr ADU studio Unit. The property has enclosed garages on site as well as a common laundry room that produces laundry income. The Owner is currently doing a RUBS program charging back for Water, trash and sewer to the tenants 90% of the bill calculated per capita. The property is located walking distance to Santa Ana High School and downtown. The owner has done several renovations over the years consisting of turning about half of the units and replacing 90% of the windows to vinyl retrofit windows, Rewire on most of the units and some new plumbing. A little bit about the history that this property holds with the city of Santa Ana: This is the JC Horton house, built by Reverend Wooten in 1890. Reverend Wooten was the first pastor of the 1st episcopal church in Santa Ana. He sold it to Horton right after it was built and raised his family there. Horton was the Santa Ana city founder and owned a furniture store with Spurgeon.
HOA
$0/month
On market
1 year
Year built
1890
Property type
Condo
Parking
7
MLS
OC20072762
Price / Sq.Ft.
$322 / ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Appliances: Gas Range, Water Heater
•   
Has Appliances
•   
Laundry: 1
Interior Features
•   
Electric Details: Standard
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central, Wall Furnace, Forced Air
Interior Size
•   
Building Area Total: 4350.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 5.00
•   
Uncovered Spaces: 2.00
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Seller
Lot Info
•   
Zoning: R-3
•   
Lot Features: 2-5 Units/Acre, Lot 6500-9999
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1759
•   
Lot Size Area: 7663.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 6
Property Features
•   
Common Walls: 2+ Common Walls
Property Type
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 7
•   
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 1
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Sewer Assessments
Assesments Information
•   
Assessments: Special Assessments
Listing Details, Costs & Financing Information
Financial Info
•   
Garage Income: 275.00
•   
Water Sewer Expense: 4800.00
•   
Laundry Income: 200.00
•   
Cap Rate: 4.20
•   
Laundry Equipment Own Lease: Lease
•   
Fuel Expense: 1800.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 15796.00
•   
Insurance Expense: 1650.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 31135.00
•   
Gross Scheduled Income: 86580.00
•   
Tax Block: I
•   
Operating Expense: 31135.00
Tax/Assessment Info
•   
Gross Income: 89947.00
•   
Tax Year: 2020
•   
Taxes: 8843.0
Lease Info
•   
Net Operating Income: 58812.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 480.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1275.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1275.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1495.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 2.00
•   
Unit 2 Total Rent: 1495.00
Unit 1 Information
•   
Unit 1 Bedrooms: 4
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 2000.00
•   
Unit 1 Total Rent: 2000.00
Unit 4 Information
•   
Unit 4 Actual Rent: 900.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 900.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
Unit 5 Information
•   
Unit 5 Actual Rent: 850.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 850.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 1
Multi Unit Information
•   
# Of Units: 6
•   
Price Per Unit: 233333
Unit 6 Information
•   
Unit 6 Actual Rent: 695.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 695.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Garage Spaces: 0.00
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Eastside
•   
Subdivision: Other (OTHR)
•   
Community Features: Curbs, Sidewalks, Street Lights
•   
Directions: From first street Main Street South to Pine Street turn Left/East 3 blocks. From the 5 Freeway go West off of Fourth to First Street proceed West turn left on Main Street, South on Main to Pine Street turn Left/East.
Other
Calculation
•   
Dom: 60
•   
Cdom: 60
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 20, 2021 12:18am
Neighborhood snapshot
38
Properties for sale
9
Median days on market
$391.65
Median sold price/sqft
105.33%
Sold/List %
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Property History
04/13/2020
04/13/2020
CRMLS #OC20072762
active
CRMLS #OC20072762
$1,400,000
+133.33%
09/26/2012
09/26/2012
Public Record
sold
Public Record
$600,000
--20.63%
12/02/2008
12/02/2008
Public Record
sold
Public Record
$756,000
+152.00%
11/26/1991
11/26/1991
Public Record
sold
Public Record
$300,000
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