931 Standard Avenue, Santa Ana, CA 92701

$4,525,000
Sold Price
$4,525,000
List Price
$5,180,000
Closing Date
Oct 16, 2023
MLS#
OC23027454
Status
SOLD
Type
Multifamily

Property Description

With a proven market rent upside, including a RUBS program for water, sewer, and trash, this offering provides an attractive "Going In" capitalization rate approaching 5% and a very attractive "Market Rent" capitalization rate. The existing loan of approximately $3,170,000 can be assumed, at a fixed interest rate of 2.90%, or a new loan can be placed on the property. Rents are effective March 1st, 2023.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Mike Marcu, Broker, Mike Marcu. Selling Office: Mike Marcu, Broker.