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SOLD 4/16/2021
412 E Pine Street, Santa Ana, CA 92701
8
beds
8
baths
5358
ft2
· 9335
ft2 lot
$1,860,000
$364 / ft2
Listing provided courtesy of Listing Broker: Shelly Kay Hilliard, Coldwell Banker Res Brokerage.
Source CRMLS.
Highly desirable well maintained 8-unit apartment complex, located in Henninger Park area of Santa Ana. This complex has low turnover and produces immediate cash flow with market rents, perfect for new investors. Featuring 8 spacious 1-bed / 1-bath units, on-site laundry facility, covered carports, and assigned parking. Some of the units have been renovated including; kitchen cabinets with granite or tile countertops, and the flooring is a combination of laminate, tile, or carpet. Walking distance to recently renovated Santa Ana Historic District, featuring restaurants, entertainment, shopping, easy access to public transit and schools. Pine Street's proximity to the 5 & 55 freeways, employment, area shopping malls, and just a few miles to the City of Tustin, makes this an ideal location for renters. This is an opportunity you won't want to miss.
HOA
$0/month
On market
a month
Year built
1965
Property type
Multi-Family
Parking
10
MLS
OC20261986
Price / Sq.Ft.
$364 / ft2
Status
Closed
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area, Community, Dryer Included, Washer Included
•   
Appliances: Gas Range
•   
Has Appliances
•   
Security Features: Gated Community, Security Lights, Smoke Detector(s), Window Bars
•   
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
•   
Room Information: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
Interior Features
•   
Interior Features: Formica Counters, Granite Counters, Open Floorplan, Tile Counters
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Flooring
•   
Flooring: Carpet, Laminate, Tile
Interior Size
•   
Building Area Total: 5358.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Carport, Detached Carport
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 2.00
•   
Carport Spaces: 8.00
Community Info
•   
Road Frontage Type: City Street
•   
Road Surface Type: Paved
•   
Number Of Buildings: 1
•   
Total Units: 8
Property Features
•   
View: Courtyard, Neighborhood, Trees/Woods
•   
Fencing: Wrought Iron
•   
Accessibility: No Interior Steps
•   
Property Condition: Turnkey
•   
Common Walls: 2+ Common Walls
•   
Exterior Features: Rain Gutters
Building Info
•   
Building Area Units: Square Feet
•   
Roof: Asphalt
•   
Foundation Details: Slab
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
•   
Construction Materials: Brick, Stucco
Lot Info
•   
Lot Features: 0-1 Unit/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2143
•   
Lot Size Area: 9335.0000
•   
Lot Size Units: Square Feet
Property Type
•   
Architectural Style: Colonial
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 9
•   
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 9
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 142427.00
•   
Water Sewer Expense: 1827.00
•   
Laundry Income: 487.00
•   
Maintenance Expense: 4700.00
•   
Cap Rate: 6.00
•   
Laundry Equipment Own Lease: Lease
•   
Total Actual Rent: 12120.00
•   
Fuel Expense: 1066.00
•   
Trash Expense: 1800.00
•   
New Taxes Expense: 19812.00
•   
Insurance Expense: 1870.00
•   
Vacancy Allowance: 3500
•   
Professional Management Expense: 0.00
•   
Total Expenses: 32838.00
•   
Gross Scheduled Income: 145440.00
•   
Tax Block: F
•   
Operating Expense: 32838.00
•   
Gardener Expense: 1200.00
•   
Gross Multiplier: 13.41
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 0.00
•   
Tax Year: 2020
•   
Taxes: 20003.0
Lease Info
•   
Net Operating Income: 109589.00
Hoa
•   
Hoa Amenities: Outdoor Cooking Area
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 563.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1435.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1435.00
Unit 7 Information
•   
Unit 7 Garage Spaces: 1.00
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 1750.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 1750.00
•   
Unit 7 Bedrooms: 1
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 1425.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1425.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Garage Spaces: 1.00
•   
Unit 8 Actual Rent: 1750.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 1750.00
•   
Unit 8 Bedrooms: 1
•   
Unit 8 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1490.00
•   
Unit 1 Total Rent: 1490.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1470.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1470.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 1400.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1400.00
•   
Unit 5 Garage Spaces: 1.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 8
•   
Number Of Units Leased: 8
Unit 6 Information
•   
Unit 6 Actual Rent: 1400.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 1400.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Garage Spaces: 1.00
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Henninger Park/ Eastside
•   
Subdivision: Other (OTHR)
•   
Community Features: Biking, Curbs, Street Lights
School Info
•   
Directions: S. of E. 1st St. and E. of Main St.
Other
Calculation
•   
Dom: 23
•   
Cdom: 23
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 19, 2021 11:11pm
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
04/16/2021
04/16/2021
CRMLS #OC20261986
sold
CRMLS #OC20261986
$1,950,000
01/15/2021
01/15/2021
CRMLS #OC20261986
pending
CRMLS #OC20261986
$1,950,000
12/23/2020
12/23/2020
CRMLS #OC20261986
active
CRMLS #OC20261986
$1,950,000
+29.48%
01/30/2017
01/30/2017
Public Record
sold
Public Record
$1,506,000
+31.53%
12/03/2015
12/03/2015
Public Record
sold
Public Record
$1,145,000
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