4 Units - Santa Ana Off Market Deal
441 S. Birch St., Santa Ana 92701
DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.
We are pleased to present this OFF MARKET four unit VALUE ADD apartment building located at 441 S. Birch Street in Santa Ana. Currently configured as four 2 bed/2 bath units each with interior laundry, the proposed design has lower units as 2 bed/2 bath with interior laundry and the upper units as 2 beds/1.5 baths without laundry. Owner started a renovation without permits or understanding the requirements for renovating a historical home. Purchase will need to be all cash or hard money loan.
Each unit is individually metered for gas, and there is an on-site laundry room on the property. Owner installed separate electrical wiring with the intension of have 4 separate electrical panels without permits. No functional electrical panel on-site. Potential space for HVAC in the attic for the upper units and basement for the lower units.
The property is a prime value add opportunity and presents a savvy investor with the opportunity to realize a substantial increase in rents through some upgrades and renovations. The property is located in the high rental demand city of Santa Ana blocks from Santa Ana High School and a few miles south of the Civic Center, Santa Ana City Hall, and the Orange County Courthouse. There are plenty of parks, shopping, entertainment and employment opportunities in the surrounding area. The property has easy access to both the 5 and 55 freeways.
The City and Heninger Park Review Committee will work with the new buyer to get permits and plan approval. Initial plans have been approved by the City Planning Department with returned comments from the City Building Department. Buyer may work with these plans or create own design.
To conform to original architectural design, City requires moving front stairs to interior and installation of rear stairs and upper deck reformation.
LIVING IN SANTA ANA
Santa Ana is a large city located in the state of California. With a population of 332,725 people and 54 constituent neighborhoods, Santa Ana is the 11th largest community in California.
Housing costs in Santa Ana are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.
Unlike some cities, Santa Ana isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Santa Ana are a mix of both white- and blue-collar jobs. Overall, Santa Ana is a city of service providers, sales and office workers, and production and manufacturing workers. There are especially a lot of people living in Santa Ana who work in maintenance occupations (12.44%), office and administrative support (11.93%), and sales jobs (9.56%).
Santa Ana, like many big cities in America, has a public transportation system, but the citizens of Santa Ana are lucky because theirs is one of the most extensive and widely used. Many commuters choose to leave their cars at home and instead use the bus to get to and from work. In fact, for some people it is feasible to forgo car ownership entirely, avoiding the cost and headache of driving in heavy traffic. The benefits include reduced air pollution and load on the road network.
The citizens of Santa Ana are slightly less educated than the national average of 21.84% for the average city or town: 13.96% of adults in Santa Ana have a bachelor's degree or advanced degree
The per capita income in Santa Ana in 2010 was $19,517, which is low income relative to California and the nation. This equates to an annual income of $78,068 for a family of four. However, Santa Ana contains both very wealthy and poor people as well.
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|Two 2-Bedroom 1.5-Bath||N/A|
Cash Flow Analysis
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Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.