Property Details
About this Property
Minutes from South Coast Plaza, this very desirable 4-unit apartment building of all two bedroom one and a half bath townhouse units. Featuring private patios, individual metering for gas and electricity, individual water heaters, four garages, three open parking spaces and a laundry room, an investor can purchase 2701 S Baker in combination with 2709, 2717, 2725, 2729, and 2809 S Baker Street. Directly across the street from Saddleback High School the location is minutes from the 405 Freeway, South Coast Plaza, Segerstrom Center for the Arts and Cal Thornton Park. The South Coast Metro area is one of the most dynamic in Southern California. With current rents approximately half of market, additional revenue upside exists through implementation of a RUBS program for water/sewer, garage rent, and/or adding at least one ADU unit, which could add as much as $33,000 a year to the income. When a unit turns a renovation can add substantial rental income. Expenses are an average of all 24 units over a 12-month period of time. This opportunity to acquire up to six 4-unit assets, covering an entire city block, in a low velocity market from long term owners is unique.
MLS Listing Information
MLS #
CROC24119706
MLS Source
California Regional MLS
Interior Features
Laundry
Community Facility
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 4 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
2701 S Baker St is a Residential Income in Santa Ana, CA 92707. This – square foot property sits on a 6,950 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,213,000 and was built in 1961. This address can also be written as 2701 S Baker St, Santa Ana, CA 92707.
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This listing information is up-to-date as of August 31, 2024. For the most current information, please contact Mike Marcu, (949) 688-1224
