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14-unit property
Represented Buyer

Sold: $2,400,000

Description

The Garnsey Property is a well-maintained 14-unit building in the heart of Santa Ana with a unit mix of 12 two bedroom Jr., one bath and 2 one bedroom Jr., one bath. The exterior is in great condition, and unit interiors are clean with tile flooring, huge balconies, ample parking and copper plumbing. There are two parking spaces for all two bedroom units and one space for one bedroom units with an automatic gate for added security. Tenants pay gas and electric utilities, and the property has an on-site laundry facility for additional income. Rents have a 15% upside potential. The property is attractive to tenants because of its close proximity to education (K-12), service employment (OC Courthouse Complex) and shopping/ entertainment in the revitalized Downtown Santa Ana Corridor.

Features:

  • City: Santa Ana
  • State: CA