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.
$1,000,000
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
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Ideal LOCATION
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.
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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!
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METRICS to Consider
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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.
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Buyer INCENTIVE
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:
- Professional advice and support in making your home financing decisions
- A full spectrum of loan products from which to choose from
- Consistent communication and follow up throughout the loan process
- Industry leading close times
OPPORTUNITIES?
Opportunities AREN'T MISSED!
They're just being taken BY THE NEXT GUY!
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Competence. Exclusivity. Passion.
The TRUTH is...the real estate market HAS SHIFTED!
Navigating this market requires working with a SEASONED PRO!
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Meet Our TEAM
Advisors & Assistants
Ramzi Ataya
global advisor
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 Williams
Transaction Coordinator
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.
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.
Mark Kelaidis
Managing Broker
Gary has been managing, coaching and training real estate agents and for numerous decades now. He's responsible for new business development, recruiting, growth and profitability of our local Property Shops. Gary possesses excellent interpersonal skills and has vast knowledge of the luxury and multi-family market.
Are you ready to MEET RAMZI?
If you're thinking about SELLING or BUYING anytime soon, you'll first want to sit down with a seasoned pro. The market has shifted; so working with a qualified agent matters now more than ever. Please provide your contact information and select a date and time to schedule an appointment with Ramzi or one of his Team Advisors. If you’d like an Offering Memorandum (OM) on a particular property, kindly include the property address below.
Our Property Shop
As Advisors with Engel & Völkers, we're proud to tell you that we have a unique and different approach to working with our esteemed clientele. We are a real estate company that specializes in dealing with discerning individuals, just like you. We offer a red-carpet, white-glove approach to servicing our clients...all in a boutique-style environment.
About Best of Zillow
Decided by clients, the Best of Zillow title is reserved for agents with experience scores of 90+ — as well as past sales and validated real estate license numbers on their profiles. To give a holistic view of a client’s home-buying journey, scores are based on surveys from 24 hours, 15 days and 45 days after an agent first speaks to a connection.
A Mark of Distinction
Best of Zillow agents are the top 10% of Zillow Premier Agents, known for demonstrating trustworthiness, responsiveness and knowledge in every client interaction. They receive a profile badge and digital marketing templates to showcase their dedication to giving clients an exceptional home-buying experience.
