1602-1606 N Bush St FOR SALE


Santa Ana, CA - French Court
$1,395,000 USD
310-383-5927
, Santa Ana, CA for Sale
$1,395,000 USD
FOR SALE
1/20
null | 5.04% Cap Rate

1602-1606 N Bush St
Santa Ana, CA
French Court


HIGHLIGHTS

  • 3 units - (1) 3+2 House, (1) 3+2, (1) 2+
  • GRM - 11.98, Cap Rate 5.04%
  • Price/Unit - $465,000
  • Price/SF - $358.98
  • 2 Parcels

OVERVIEW

1602 – 1606 N Bush Street is two contiguous parcels being sold together as 3 units. At 1602 N Bush Street you have a charming Craftsman-style duplex and next door at 1606 N Bush Street you have a single family home on a commercial zoned lot. This is an inheritance sale and both properties have been in the family for many years. Both properties will be delivered vacant, making it a great opportunity for a new investor to put their own work into these buildings to generate high income potential. At the offered price of $1,395,000 you would be at 11.98 GRM and a 5.15% cap rate based on current market rents. There are garages in the rear of both lots, potential for ADU’s and more income once built. Buyer to verify any ADU potential and all zoning restrictions. Seller and Listing Agents do not guarantee the information provided and Buyers to do their own investigations.

ASK ABOUT THIS PROPERTY

Chase SimontonRE/MAX One CommercialMore Info
310-383-5927

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Chase SimontonRE/MAX One CommercialMore Info
310-383-5927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.