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.
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
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: 12/22/2024, 8:21:14 AM 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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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
3
/10
Garfield Elementary School
850 Brown St
Distance between this listing and this school0.24 miles
Public District Grades KG-5
5
/10
Davis Elementary School
1405 French St
Distance between this listing and this school0.34 miles
Public District Grades KG-5
5
/10
Edward B. Cole Academy
333 E Walnut St
Distance between this listing and this school0.57 miles
Public Charter Grades KG-5
Nearby Schools
5
/10
Orange County Educational Arts Academy
825 N Broadway
Distance between this listing and this school0.45 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 school0.51 miles
Public Charter Grades KG-8
2
/10
Willard Intermediate School
1342 N Ross St
Distance between this listing and this school0.73 miles
Public District Grades 6-8
Nearby Schools
9
/10
Ocsa
1010 N Main St
Distance between this listing and this school0.39 miles
Public Charter Grades 7-12
5
/10
Advanced Learning Academy
335 E Walnut St
Distance between this listing and this school0.52 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 school0.75 miles
The neighbors living near this home have an average income of $46,055. The majority of Santa Ana, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
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.
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.
While more than 43 listings in Santa Ana, CA in November 2024 were sold above asking price, there were more than 16 listings sold at asking price, and more than 27 were sold below. The number of listings in Santa Ana, CA decreased by 7.6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $873,444, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.