A great Turn-Key Investment Opportunity with a HIGH Rental Income. The seller is offering two Fourplexes to be sold together or Separately- 1102 N French St. & 1104 N French St. Income is $11,850 for 1102 and $11,950 for 1104 that's a total of $23,800 Per Month for all 8 units. Good unit mix, with a shared common driveway. ALL UNITS FULLY REMODELED. All leases are at market rent. Remodeling included ALL new Kitchens, ALL new Bathrooms, ALL New flooring and Paint, Partial New Plumbing and Electrical. The front units also come with their own laundry room inside the unit. Most units include a wall mounted A/C. Separate Electric meter in 7 of the units. Excellent cash flow and a High CAP Rate of 6.2% and GRM of 12. Units ranging from 1 Bedroom/ 1 Bath to 3 Bedrooms/ 2 bath. The fact that these are separate Fourplexes presents an opportunity to obtain Either, 2 residential loans OR a commercial loan- Buyers to further investigate their best options. Parking is mixed with some garages and some uncovered parking on the premises. Six of the units are rented Fully FURNISHED, to help bring top-dollar rents. All Brand-New Appliances and Furniture convey with the sale. This is a rare opportunity and by far the best deal in town. The property is located on a quiet street, well established, clean and safe north of downtown Santa Ana. The French Park neighborhood is very desirable and is one block from OCSHA By Washington and Main. Tax records shows the Effective Year Built for 1102 N French as 1923, and for 1104 N French as 1966. Please do not disturb the tenants if driving by.
Property Details
Property Features
Property Information:
Year Built: 1965
Stories: 2
Listing Office:
Office Name: Doron Refael, Broker
Office Phone: (714) 253-2883
Listing Agent: Doron Refael
Interior Features
Interior Information:
Interior: Partially Furnished
Fireplace: Family Room
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 3 spaces
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Utilities
Utilities Information:
Heating: Floor Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: From Main and 17th head south, make a left on Washington and a right on French St.
Price Information
Listing Price Info
Price Summary:
List Price: $1,799,000
Tax Information:
Annual Amount: $5,545
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Ana, CA.
This property is $939.6K more than the Median Sold Price in Santa Ana, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC23143938
Listing Office:
Office Name: Doron Refael, Broker
Office Phone: (714) 253-2883
Listing Agent: Doron Refael
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/24/2024, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 30, 2021
Jul 30, 2021Home Sold
$1,165,000
Nov 02, 1992
Nov 02, 1992Home Sold
$255,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,545
$408,411
2020
$5,547
$404,224
2019
$5,259
$396,299
2018
$5,259
$388,529
2017
$5,213
$380,911
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Davis Elementary School
1405 French St
Distance between this listing and this school0.20 miles
Public District Grades KG-5
3
/10
Garfield Elementary School
850 Brown St
Distance between this listing and this school0.46 miles
Public District Grades KG-5
5
/10
Edward B. Cole Academy
333 E Walnut St
Distance between this listing and this school0.68 miles
Public Charter Grades KG-5
Nearby Schools
5
/10
Orange County Educational Arts Academy
825 N Broadway
Distance between this listing and this school0.28 miles
Public Charter Grades KG-8
7
/10
El Sol Santa Ana Science and Arts Academy
328 W Halesworth St
Distance between this listing and this school0.30 miles
Public Charter Grades KG-8
2
/10
Willard Intermediate School
1342 N Ross St
Distance between this listing and this school0.49 miles
Public District Grades 6-8
Nearby Schools
9
/10
Ocsa
1010 N Main St
Distance between this listing and this school0.18 miles
Public Charter Grades 7-12
5
/10
Advanced Learning Academy
335 E Walnut St
Distance between this listing and this school0.64 miles
Public Charter Grades 3-12
6
/10
Nova Academy Early College High School
500 W Santa Ana Blvd
Distance between this listing and this school0.67 miles
The neighbors living near this home have an average income of $55,357. Typical income of Santa Ana, CA residents is between $35k-100k annually. The majority of families are married, with kids. Typical level of education for residents in this area is high school diploma.
This home is located at 1104 French St in Santa Ana, CA and zip code 92701 in the French Park neighborhood. This home, which was built in 1965, sits on a 0.19 acre lot. It has been listed on Rocket Homes since August 03, 2023 and is currently priced at $1,799,000.
Over 50 listings were sold over their listed price in October 2024 in Santa Ana, CA. In the same period over 28 listings were sold below the listed price and 12 listings were sold for the listed price. The inventory of homes for sale in Santa Ana, CA between September 2024 and October 2024 increased by 1.7%. The median list price of listings available in October 2024 was $859,400, while the average time on the real estate market was 24 days.
From Rocket Homes Real Estate and based on county public records data.