$1,485,000
$1,495,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
3708 S Marine ST Santa Ana, CA 92704
7,840 Sqft Lot
Key Details
Sold Price $1,485,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW19214776
Sold Date 11/04/19
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1968
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Very rare offering of a Covington-style fourplex with an outstanding South Coast Metro Area location. Located in Santa Ana in an approximately 107-parcel multi-family development which is adjacent to the city of Costa Mesa. South Coast Plaza is 3/4 mile to the SE. With in excess of $1.5 billion in yearly sales, this retail mall has the highest sales volume in the U.S. Orange Coast College, the OC Fairgrounds, John Wayne Airport and the headquarters of Calvary Chapel--Costa Mesa are all within a short drive from the property.
The property consists of a single building which has a one-story, 3 BDR/1.75 BA unit in the front and three 2 BDR units in the two-story rear portion of the bulding. All units have individual water heaters and private yards or balconies. The building was constructed in 1968. There are four individual garage spaces plus five uncovered tandem spaces, all accessed from a rear alley. The 3 BDR units in this complex were designed to be desirable for owner occupancy and are very spacious, with a pitched roof and fireplace. As a result, these buildings are rarely offered for sale. There were no reported sales in this development in 2018 and the only reporsted 2019 sale was of two adjacent fourplexes which were master-leased to one party.
The property is fully-occupied with month-to-month tenancies. The lease rates are significantly below market. The property is owned by an estate that is liquidating its portfolio of properties.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Ensuite Laundry In Garage, Laundry Room
Interior
Interior Features Balcony, Ceiling Fan(s), Laminate Counters
Laundry Location In Garage,Laundry Room
Heating Natural Gas, Wall Furnace
Cooling None
Flooring Carpet, Tile, Vinyl
Fireplaces Type See Remarks
Equipment Satellite Dish
Fireplace Yes
Appliance Electric Oven, Electric Range, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater
Laundry In Garage, Laundry Room
Exterior
Garage Assigned, Asphalt, Direct Access, Door-Single, Garage, Off Street, Paved, Private, Garage Faces Rear, One Space, Side By Side, Tandem, Uncovered
Garage Spaces 4.0
Garage Description 4.0
Fence Wood
Pool None
Community Features Biking, Curbs, Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Shingle
Parking Type Assigned, Asphalt, Direct Access, Door-Single, Garage, Off Street, Paved, Private, Garage Faces Rear, One Space, Side By Side, Tandem, Uncovered
Total Parking Spaces 9
Private Pool No
Building
Lot Description 6-10 Units/Acre, Corner Lot, Front Yard, Garden, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level, Yard
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 41402204
Security Features Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to Loan
Special Listing Condition Standard, Trust
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Bought with Amy Bailey • Drouin Realty