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401 S Hickory Street, Santa Ana, CA 92701
3
beds
2
baths
4283
ft2
· 12000
ft2 lot
$1,500,000
$350 / ft2
Listing provided courtesy of Gary Tolfa, Triqor Group.
Source CRMLS.
We are pleased to present the opportunity to acquire The Hickory Apartments, a 6-unit apartment building located in the Opportunity Zone of Santa Ana, CA. Built in 1964, the property offers a diverse unit mix of 1 and 2 bedroom units. The property has an on-site laundry facility and direct access to a garage and carport parking. Each unit features laminate wood floors and has been taken care of very meticulously. The building is individually metered for gas and electricity. The Hickory Apartments offers an investor the opportunity to purchase a well-located asset in an Opportunity Zone with a 4.6% cap rate on current rents.
HOA
$—/month
On market
10 months
Year built
1964
Property type
Multi-Family
Parking
MLS
PW20110093
Price / Sq.Ft.
$350 / ft2
Status
Active
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Flyhomes Cash Offer
Based on a price of $1,500,000
Rebate:
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Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
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Best
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$7,500
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Discount Brokerage
$5,650
not offered
$5,650
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Dryer Included, Washer Hookup
•   
Laundry: 1
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
Interior Size
•   
Building Area Total: 4283.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: Landscaped
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2755
•   
Lot Size Area: 12000.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 6
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 6
•   
Number Of Separate Gas Meters: 6
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 109591.00
•   
Water Sewer Expense: 0.00
•   
Cap Rate: 4.60
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 0.00
•   
Vacancy Allowance: 3389
•   
Professional Management Expense: 0.00
•   
Total Expenses: 40914.00
•   
Gross Scheduled Income: 112980.00
•   
Tax Block: C
•   
Operating Expense: 40914.00
•   
Gross Multiplier: 13.28
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 109591.00
•   
Tax Year: 2020
•   
Taxes: 5083.0
Lease Info
•   
Net Operating Income: 68676.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1675.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 2
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 3350.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 4
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1463.00
•   
Unit 1 Total Rent: 5852.00
Multi Unit Information
•   
# Of Units: 2
School Neighborhood & Directions
Location
•   
Community Features: Suburban
•   
Directions: Please Contact Listing Agent For All Directions
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 17, 2021 2:04pm
Neighborhood snapshot
39
Properties for sale
9
Median days on market
$391.95
Median sold price/sqft
105.40%
Sold/List %
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Property History
09/10/2020
09/10/2020
Public Record
sold
Public Record
$1,410,000
--6.00%
06/08/2020
06/08/2020
CRMLS #PW20110093
active
CRMLS #PW20110093
$1,500,000
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