220 S. Birch Street | Santa Ana
INVESTMENT OPPORTUNITY | Triplex For Sale in The OC!
6% Cap Rate
NEW-TO-MARKET triplex for sale in Orange County, California! Nestled near Downtown Santa Ana Historic District, these 3-units occupy quality tenants; many of which long-term, that display pride of residency. Great income producing triplex with upside in rents and low maintenance.
ABOUT The Property
The Ramzi Team of Engel & Völkers proudly present 220 S. Birch Street. Built in 1917, this charmer of a triplex offers much character and historical appeal that consists of a favorable unit mix and sits on a large lot approximating nearly 7,500 square feet amongst a tree-lined street within walking distance to downtown Santa Ana and Artist Village. When looking to purchase a multi-family income-producing property these days, it’s extremely rare to come across a property as charming and desirable as this one. The front building has two units; one upstairs and one downstairs…each equipped with 3 bedrooms and 2 bathrooms. The second structure is located at the back of the property and consists of a 1 bed and 1 bath that’s also accessible from the alley. Each unit is pleasantly spacious and all units have their own inside laundry hookups. Happy, long-term tenants in place with plenty of upside potential in rents.
City Stats at a Glance
Median Household Income
Percent of Renters
Located North of Heninger Park, these 3 units are nestled within walking distance to downtown Santa Ana and Artist Village. Conveniently located next to shopping centers, restaurants and plenty of entertainment. Also near to schools, parks, and the zoo as well. Easily accessible to the 5 & 55 FWYs.
Santa Ana ZOO
Hosting more than 270,000 people annually, Santa Ana Zoo (“Sazoo”) is a public zoological garden located only 1.3 miles away (4 minute drive) from Chestnut Chateau.
The zoo primarily focuses on the animals and plants of Central and South America, with 249 animals representing 92 species, and an expansive plant collection. Species to observe include monkeys, barnyard animals, mountain lions, and exotic birds.
In addition, the Zoofari Express ride is one of its most popular attractions. The 20-acre facility also is committed to providing recreation and education, while bringing the message of conservation to the zoo’s numerous visitors. Its programs include exhibitions, teacher training, travel programs, guided tours, outreach to schools, and fundraising events.
Check out the charm and the beauty of this wonderful triplex in Santa Ana. When looking to purchase a multi-family building these days, it's extremely rare to come across one as ideal as this one! Hit the 'play' button...turn up your speakers and enjoy the show!
METRICS to Consider
Annual Operating Expenses
Price Per Sq/Ft
The Setup - FINANCIAL ANALYSIS
Assuming that the investor puts 40% down and uses leverage at 3.50% on a 30 year fixed rate; the monthly cash flow generated after all expenses will be $2,627 on a proforma basis.
CapEx Breakdown: $12,000 for tenants (3 months)...$40,000 rehab for each 3 bedroom unit…$5,000 rehab for 1 bedroom unit…$20,000 on exterior of property including landscaping...$8,000 miscellaneous expenses…total amount spent after purchase $125,000.
Gross Scheduled Income
Net Operating Income
Seller will provide $5,000 BONUS to buyer towards closing costs if offer is received and accepted by seller BEFORE TIME RUNS OUT below!
If you're interested in receiving an Offering Memorandum on this investment property, or if you have any other questions, provide us with your info below and an Advisor will get back to you right away! The market has shifted to favor serious buyers out there! Be sure you have the right agent representing you that understands the dynamics in the marketplace and has the experience and proper skill set to guide you with negotiations and successfully closing escrow.
Get Pre-Approved for Financing
James McKibban, Loan Officer
With many years of experience in the mortgage banking industry, and extensive practice in originating home loans for both purchase and refinance, James is a firm believer in excellent customer service and offering the most competitive pricing. When working with James and Movement Mortgage you'll receive:
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Meet Our TEAM
Advisors & Assistants
Ramzi continues to be the trusted source for real estate to investors, homeowners and prospective home buyers. Ramzi is valued for his highly analytic approach to all aspects facing challenges and assisting his clients during their real estate transaction.
Debbie has a great passion for real estate and has been immersed in the industry for over 15 years. Debbie is a team manager; where she's involved in the day to day responsibilities of working with buyers and sellers and the escrow process altogether.
With many years of experience in the mortgage banking industry, and extensive practice in originating home loans for both purchase and refinance, James is a firm believer in excellent customer service and offering the most competitive pricing.