Santa Ana, CA 92705,801 S Lyon #148;149;150

$430,000

Est. payment /mo

$675,000

36.3%
Est.Price: ?

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801 S Lyon #148;149;150 Santa Ana, CA 92705

871 Sqft Lot

SOLD DATE : 11/30/2020

Key Details

Sold Price $430,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Village Meadows (Vlmd)

MLS Listing ID EV20184369

Sold Date 11/30/20

Condo Fees $376

HOA Fees $376/mo

HOA Y/N Yes

Year Built 1972

Lot Size 871 Sqft

Property Description

Three amazing side by side condos with professional on-site property management! Each of the units is a one bedroom with one bathroom and includes assigned covered parking with storage. The association grounds are beautifully taken care of and boast of mature trees throughout. Tenants have access to two pools and an on-site coin-op laundry. One of the units is currently available — perfect for a buyer who may want to live in one of the units and rent out the other two. Extremely low HOA dues which include: water, trash, sewer, landscaping and insurance. Tenants pay all other utilities as part of their standard lease. HOA funds will cover scheduled exterior maintenance which includes roof, porch, etc. The professional onsite managment team will assist with advertising any available units, as well as prequalifying & leasing to approved tenants. Property management also assists with cleanup and repairs after tenants move out for an additional fee. Currently cap rate is at 6%, huge upside to raise rents to market rate for a 8% cap! Seller will consider selling just one or a combination of the three condos; $235,000 each unit.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Carport Spaces 1

Pool Association, Fenced

Community Features Street Lights, Sidewalks

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 93791148

Acceptable Financing Cash

Listing Terms Cash

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by LARA FERNANDEZ • KELLER WILLIAMS REALTY
Bought with Charles Brewer • Home Smart Realty Group

Rachael Hughel

Realtor | License ID: 01218759

+1(818) 397-8177

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