1 month on rocket

615 E Civic Center Dr, Santa Ana, CA, 92701

$2,400,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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615 E Civic Center Dr, Santa Ana$2,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage10 spaces
Year Built1978
MLS #OC24210554
Lot Size0.17 Acres
StatusActive

About 615 E Civic Center Dr

615 Civic Center East Drive, a prime 6-unit multifamily investment property located in the desirable French Park Historical Neighborhood of Santa Ana, CA. Built in 1978, this property features large six two-bedroom and two bath floorplans, complete with amenities such as garages, onsite laundry facility, patio or balconies, and fireplace (select units). The property has had recent capital improvements including upgraded windows, upgraded roof, upgraded facia boards, and is SB-721 compliant. Currently the property offering a 13.76 GIM and a 4.82% CAP rate, providing investors a great cashflow in a highly desirable location. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 0.4 miles from Santa Ana Metrolink Station, and 0.6 miles from the lively 4th Street Market and Downtown Santa Ana, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.90 miles of Santa Ana College, appealing to students and faculty. With proximity to the 5 Interstate, residents can conveniently connect to major employment hubs across Orange and Los Angeles Counties. This investment not only promises attractive living spaces but also the potential for strong tenant demand in a thriving area.

Property Details

Property Features

Property Information:

  • Year Built: 1978
  • Stories: 2

Listing Office:

  • Office Name: Kirklen Investment Group
  • Office Phone: (949) 202-7255
  • Listing Agent: Justin Butler

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 10 spaces

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Other

Directions Information:

  • Directions: Civic Center Dr E & N Garfield St

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,400,000
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Housing Market Comparison

See how this home compares to others in Santa Ana, CA.

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Santa Ana, CA

City

Med. Sold Price

$859.4K

Med. Price/SqFt

$601

Avg. Days On Market

24

# of Sold Homes

90

615 E Civic Center Dr vs Santa Ana

41 DAYS ON ROCKET

+17 Days

$2,400,000

+$1.5M More

KEY TAKEAWAY

This property is $1.5M 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: #OC24210554

Listing Office:

  • Office Name: Kirklen Investment Group
  • Office Phone: (949) 202-7255
  • Listing Agent: Justin Butler

IDX 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: 11/21/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,262

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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.

Nearby Schools

school-card-donut-336347
3
/10

  • Garfield Elementary School

  • 850 Brown St

  • 0.24 miles

  • Public District Grades KG-5

school-card-donut-336348
5
/10

  • Davis Elementary School

  • 1405 French St

  • 0.34 miles

  • Public District Grades KG-5

school-card-donut-336349
5
/10

  • Edward B. Cole Academy

  • 333 E Walnut St

  • 0.57 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,055. Residents of Santa Ana, CA typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 615 E Civic Center Dr

What is the listing price of this property?

The listing price of 615 E Civic Center Dr property is $2,400,000.

What type of property is this?

The property 615 E Civic Center Dr is a condo located in Santa Ana, California, 92701.

Is this property for sale now?

Active Listing: 615 E Civic Center Dr is For Sale (Active/New) which means the seller is accepting offers.

Which year was this property built?

The year of construction for 615 E Civic Center Dr is 1978.

Rocket Homes›California›Orange County›Santa Ana›92701›615 E Civic Center Dr

This home is located at 615 E Civic Center Dr in Santa Ana, CA and zip code 92701 in the French Park neighborhood. This home, which was built in 1978, sits on a 0.17 acre lot. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $2,400,000.

In October 2024 more than 50 listings in Santa Ana, CA were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 28 were sold below. In October 2024 in Santa Ana, CA there were 1.7% more homes for sale than in September 2024. While the average time on the market in October 2024 was 24 days, the median list price was $859,400.

From Rocket Homes Real Estate and based on county public records data.

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