Sold

931 935 S Standard Avenue

Santa Ana CA, 92701

$4,525,000


$306.07 per sqft

Sold

14,784 sqft

Condo

Built in 1958

Listed by Mike Marcu with Mike Marcu, Broker 909-371-1322

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.

OC23027454

MLS ID

February 15, 2023

Listed

March 23, 2024

Updated

Map

931 935 S Standard Avenue
Santa Ana CA, 92701

Interior Features

Total Stories

2


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.18 Acres


Lot Features

16-20 Units/Acre


Sewer

Sewer Tap Paid

Other Property Details

Area Name

699 - Not Defined


Days on Market

159


Garage

No


Parking

Assigned


Parking Total

24


View

No


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Zoning

R3


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

10/17/2023

Price Change

$4,525,000

-13%

10/17/2023

Sold

$4,525,000

7/26/2023

Under Contract

Listing Contact: 909-371-1322 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/23/2024 at 1:23 AM UTC

 

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