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601 S Main Street, Santa Ana, CA 92701
4
beds
2
baths
3190
ft2
· 4356
ft2 lot
$1,100,000
$345 / ft2
Listing provided courtesy of Rick Applebaum, Morgan Skenderian.
Source CRMLS.
We are pleased to offer 601 S. Main Street, a charming historic brick-sided 4-plex located in the highly in-demand rental market of Santa Ana. Ideally situated on a corner lot, 601 S. Main Street is just half a mile from Downtown Santa Ana. Downtown is rapidly gentrifying as the best location within the city, stacked full of eclectic eateries, elevated dining, a bustling nightlife, shopping and a host of other activities that appeal to all ages. The offering at 601 S. Main Street is comprised of all highly favorable 2-bedroom units, each with a patio/balcony. Additionally, 3 out of the 4 units offer garage parking to accompany the open parking offering ample spots for everyone. The investment opportunity at 601 S. Main Street offers a new investor the opportunity to own a low maintenance investment property with arguably the best location on the market today. With as little as 25% down payment and easily obtainable market rents, 601 S. Main Street is an exceptional opportunity for all types of investors to own in one of the strongest rental markets within Orange County.
HOA
$—/month
On market
1 year
Year built
1921
Property type
Multi-Family
Parking
6
MLS
PW20022326
Price / Sq.Ft.
$345 / ft2
Status
Active
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Property Details
Interior Features & Layout
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: 3190.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 3.00
•   
Uncovered Spaces: 3.00
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: 2-5 Units/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1000
•   
Lot Size Area: 4356.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 32.30
•   
Gross Operating Income: 72750.00
•   
Water Sewer Expense: 0.00
•   
Other Expense Description: Utility
•   
Other Expense: 5197.00
•   
Vacancy Allowance Rate: 3.00
•   
Maintenance Expense: 3638.00
•   
Cap Rate: 4.40
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 12149.00
•   
Insurance Expense: 1359.00
•   
Vacancy Allowance: 2250
•   
Total Expenses: 24211.00
•   
Gross Scheduled Income: 75000.00
•   
Tax Block: 6
•   
Maintenance Percent: 5.00
•   
Operating Expense: 24211.00
•   
Gross Multiplier: 14.67
Tax/Assessment Info
•   
Gross Income: 0.00
•   
Tax Year: 2020
•   
Taxes: 9695.0
Lease Info
•   
Net Operating Income: 48539.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1375.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1375.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 3
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1625.00
•   
Unit 1 Total Rent: 4875.00
Multi Unit Information
•   
# Of Units: 2
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Henninger Park
•   
Subdivision: Other (OTHR)
•   
Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
•   
Directions: Corner of E. Bishop Street & Main Street
Other
Calculation
•   
Dom: 144
•   
Cdom: 144
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 12:17am
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
01/31/2020
01/31/2020
CRMLS #PW20022326
active
CRMLS #PW20022326
$1,100,000
+60.58%
04/15/2013
04/15/2013
Public Record
sold
Public Record
$685,000
+101.47%
07/01/2012
07/01/2012
Public Record
sold
Public Record
$340,000
--5.56%
05/15/2011
05/15/2011
Public Record
sold
Public Record
$360,000
09/02/2010
09/02/2010
Public Record
sold
Public Record
$360,000
--43.93%
See more property history
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