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Property Description

If you're looking for a great, solid investment in rental property, this is just what you're looking for! A great opportunity also exists in the ASSUMABLE LOAN at the low rate of 3.73%!! In a prime location just steps from the Santa Ana Civic Center, the Orange County Superior Court, and the reknowned Orange County School of Performing Arts, the location is also just minutes from Santa Ana College, the Bristol Marketplace shopping center and numerous other locales for shopping, dining and services. There's also easy access to public transporation. This 3 level building was built in 1987 and features an electronically controlled, gated parking garage on the 1st level and a total of 10 - 1 bedroom, 1 bath units on the next 2 levels. The units have a spacious great room with a large living and dining area and a convenient kitchen. The bedroom is at the rear with access to the large private balcony and the full bath. The units have newer windows and sliding glass doors, AC units and individual gas water heaters. Gas and electric are individually metered and the owner provides water, trash and sewer. Tenants are responsible for paying for their own cable TV and/or internet. There is a community laundry room with leased equipment that the leasor maintains and a small garden area in front. With all that this property and location has to offer, including job opportunities, it's easy to see why it stays fully occupied and the turnover rate is low. You'll have the peace of mind of knowing that you have a steady income stream. Owning a single family home or duplex as a rental has the disadvantage of having greatly reduced or no income in the event of a unit turnover. With 10 units, you have offsetting income in the event of turnovers, which don't happen frequently. Add to your portfolio or dive into rental income property investments with this terrific 10 unit complex. What a great opportunity!!

Overview

Property Status
For Sale
Lot Size
8,712 Sq.Ft.
MLS ID
PW25050495
Property Type
Condo
Year Built
1987

Features & Amenities

Neighborhood
Orange County
Architecture Styles
Contemporary
View Description
None
Stories
3
Garage Spaces
10.0
Water Source
Public
Utilites
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Pool
None
Lot Features
Front Yard, Landscaped, Near Public Transit
Parking
Assigned, Concrete, Covered
Air Conditioning
Wall/Window Unit(s)
Sewer
Public Sewer
Substructure
Slab
Disability Features
None
Security Features
Carbon Monoxide Detector(s), Security Gate, Smoke Detector(s)
Other Exterior Features
Lighting
Sales Price
$3,345,900
Zoning
R-2

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1015 N Parton Street

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1015 N Parton Street
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