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626 E 3rd St, Santa Ana, CA 92701
$715,000
626 E 3rd St, Santa Ana, CA 92701View this property at 626 E 3rd St, Santa Ana, CA 92701
626 E 3rd StSanta AnaCA92701
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Property Description
626 E 3rd. St. is a 4-unit multifamily investment property located in Santa Ana, CA. Built in 1920, this property is located at 626 E 3rd St. and consists of all one-bedroom, one bath units, in addition to tremendous rental upside potential with an interior renovation plan and adding an ADU. The property is situated on a +/- 6,141 SF lot and is zoned for 5+ units. This provides an investor with the potential of an ADU addition for more rental income but keeping the integrity of the existing parking spaces for the tenants. An investor can also take advantage of additional tax benefits with the property being situated in an opportunity zone. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water, electricity, gas, and trash. We encourage all interested parties to do their own due diligence with Santa Ana's planning and development division regarding any ADU potential! The property to be sold as-is!
Full Property Details
Full Property Details for 626 E 3rd St
General
- Sold For: $715,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-249349
- Added to Site: 451 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Additional Information
- Other Features: None
Parking
- Garage Description: Driveway
Location
- Area: Santa Ana North of First
- County: Orange
- Driving Directions: The property is located minutes from Downtown Santa Ana, the Santa Ana Metrolink, 4th St Market, the OC Streetcar rail, Santa Ana Zoo, Main Place Mall, and the Santa Ana DMV. The property is ideally located near the 5 & 55 FWY for an easy commute.
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 1,740
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1930
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 4
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.11
- Lot Size: 6141
- Lot Size Source: Assessor
Financial Considerations
- Price Per Sq. Ft.: $502.87
- Assessment Year: 1930
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 398-482-10
Listed by Matthews Real Estate Investment Services, David Harrington
Sold by Think Boutiq Real Estate, Lesley Teasley
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Schools
Schools serving 626 E 3rd St
School District:Santa Ana Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
850 Brown St, Santa Ana, CA 92701 | K-5 | 0.2 mi | |
2021 N Grand Ave, Santa Ana, CA 92705 | 6-8 | 1.2 mi | |
1401 S Grand Ave, Santa Ana, CA 92705 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 626 E 3rd St
Date
Details
Price
Change
Source
5/23/2023
Sold
$715,000
-18.29%
MLS
4/14/2023
Price Reduced
$875,000
-7.89%
MLS
3/09/2023
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
626 E 3rd St, Santa Ana, CA 92701 (MLS# 23-249349) is a Multi-Family property that was sold at $715,000 on May 23, 2023. Want to learn more about 626 E 3rd St? Do you have questions about finding other Multi-Family real estate for sale in Santa Ana? You can browse all Santa Ana real estate or contact a Coldwell Banker agent to request more information.