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902 E 17Th St, Santa Ana, CA 92701
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902 E 17Th St Santa Ana, CA 92701

$4,000,000
  • 21 Beds
  • 18 Baths
  • 10,990 Sq.Ft.
For Sale
$4,000,000 Get Pre-Qualified
Map preview of 902 E 17Th St, Santa Ana, CA 92701

Property Overview: 902 E 17Th St Santa Ana, CA has 21 bedrooms, 18 bathrooms, 10,990 living square feet and 11,547 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 902 E 17th Street comprises of 18 units situated on a well-maintained 11,547 square feet lot of land. The property's cross streets are Lincoln Avenue and Fairmont Street. 902 E 17th Street sits adjacent to the I-5 Freeway and is within a two-mile radius to Downtown Santa Ana , also dubbed "Downtown Orange County". The property offers convenient access to grocery stores, pharmacies, restaurants, and plenty of specialty retail all within walking distance. 902 E 17th Street features mature landscaping with courtyard, gated entry, on-site tuck-under and surface vehicle parking. The units feature kitchens fully-equipped with appliances, wall-to-wall carpet and wall air conditioning and heating. The property offers convenient access to the I-5, 55, 57, 22 and 405 freeways connecting to all of Orange County, as well as Riverside, San Bernardino and Los Angeles Counties. Neighboring cities include: Tustin, Orange, Garden Grove, Anaheim and Irvine. The city of Santa Ana is home to Discovery Cube Orange County, 4th Street Market, the Mainplace Mall, and River View Golf Course, to name a few. Santa Ana provides a scenic atmosphere and is a short distance to local landmarks within a 20-mile radius, such as Downtown Orange County, Disneyland, Disney California Adventure Park, Angels Stadium of Anaheim, Honda Center, Browers Museum, Santa Ana Zoo, South Coast Plaza, Marconi Automotive Museum, John Wayne Airport, Newport Beach, Huntington Beach and more. 902 E 17th Street is a prime Santa Ana income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

Listed by ERIC CHEN | BRE #01489184 | CB RICHARD ELLIS
Co-listed by Daniel Blackwell | BRE #01854961 | CB Richard Ellis, Inc.
Last checked: 10 minutes ago | Last updated: March 12th, 2024 | Source CRMLS | DOM: 83
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Home details

Lot Sq. Ft
11,547
HOA Dues
$0/mo
Year built
1954
Garage
1 Car
Property Type:
Apartment
Status
Active
MLS#
CV24014303
City
Santa Ana
County
Orange
Time on Site
93 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
  • # of Leased Units: 18
  • # of Electric Meters: 18
  • # of Gas Meters: 18
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 15
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,299
  • Total Rent: $19,485
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,593
  • Total Rent: $4,778
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 13.74
  • Gross Scheduled Income: $291,156
  • Net Operating Income: $167,873
  • Gross Operating Income: $282,421
  • Vacancy Allowance: $8,735
Annual Expense Breakdown
  • Total Operating Expense: $114,548
  • Electric: $1,534
  • Gas/Fuel: $5,363
  • New Taxes: $53,102
  • Trash: $10,248
  • Gardener: $1,800
  • Insurance: $4,417
  • Maintenance: $11,297
  • Professional Management: $14,473
  • Water/Sewer: $8,399
  • Other Expenses: $3,600
  • Other Expense Description: Reserves

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Property Details for 902 E 17Th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 19
Lot Information
  • Lot Features: 16-20 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 18
  • Parcel Number: 39816201
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Take CA-55 S, Exit 12B to merge onto 17th St toward Santa Ana, Make a U-turn at N Fairmont St
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Santa Ana Agent

Sale History for 902 E 17Th St

Last sold for $2,969,000 on December 2nd, 2016

  • January, 2024

  • Jan 23, 2024

    Date

    Active

    CRMLS: CV24014303

    $4,100,000

    Price

  • April, 2022

  • Apr 1, 2022

    Date

    Expired

    CRMLS: OC21230468

    $3,999,000

    Price

  • Oct 18, 2021

    Date

    Active

    CRMLS: OC21230468

    $4,500,000

    Price

  • Listing provided courtesy of CRMLS

    902 East 17th Street is an 18-unit multifamily asset in Santa Ana, which is a core market in Orange County. The property is strategically bound by the intersection of the 5 Freeway to its South West, the 55 Freeway to its East and the 22 Freeway to its North. The asset is 1.4 miles from Downtown Santa Ana, 1.2 miles from Orange County School of the Arts, and 10 minutes to South Coast Plaza. This uniquely positioned, two-story property was built in 1954 and consists of 3 two-bedroom/one-bathroom units and 15 one-bedroom/one-bathroom units. It offers sixteen dedicated covered parking spaces with space for additional parking and ample street parking. The building was repainted within the past 5 years. Some of the rear parking spots benefit from having their support columns newly reinforced, which saves a new investor thousands in capital expenditures. Rent collections have been 100% throughout COVID-19. The asset is well-maintained yet positioned for future renovations to unlock its 37% rental upside potential. The asset’s desirable location fundamentals minimize lease-up time and offer a new investor high rental potential with a stable resident profile. This is a rare opportunity for an investor to acquire a true value-add property with strong location fundamentals in a high-density and high-demand submarket.

  • December, 2016

  • Dec 2, 2016

    Date

    Sold (Public Records)

    Public Records

    $2,969,000

    Price

  • September, 2014

  • Sep 4, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 902 E 17Th St

Assessed Value (2020): $3,040,940
Year Land Value Improved Value Assessed Value
2020 $1,064,329 $1,976,611 $3,040,940

Home Value Compared to the Market

This property vs the competition

902 E 17Th St is listed 416.13% higher than the median list price for the city of Santa Ana which has a median list price of $775,000. The median price per/sqft for Santa Ana is $572 and this home is listed at $363.97 per/sqft which puts the price per square foot 36.37% lower than the median price per square foot for the city of Santa Ana.

About 902 E 17Th St

Detailed summary of property

902 E 17Th St is a apartment located in Santa Ana, CA 92701 and is currently for sale. This apartment offers 21 bedrooms, 18 bathrooms, roughly 10,990 living square feet, and sits on an approximately 11,547 square foot lot. 902 E 17Th St was first listed on ArdentRealEstateGroup.com on January 23, 2024. The homeowner is currently asking $4,000,000 and was originally asking $4,100,000. The median priced home in Santa Ana is $775,000 with a median price per square foot of $572. Based on Ardent Real Estate Group's Santa Ana Market Data, this home is listed 416.13% higher than the median priced home. Local competing homes currently for sale include 124 Pearl Ave, 124 Pearl Ave and 410 Clubhouse Ave. While the average home in Santa Ana, CA is selling in 47 days, 902 E 17Th St has a days on market of 83 days. There are currently 229 homes for sale in the Santa Ana real estate market and 130 of them are single family homes while 88 of them are condos and 10 are townhomes. For more information on this home for sale at 902 E 17Th St Santa Ana, CA 92701 contact Ardent Real Estate Group and we will put you in touch with one of our Santa Ana agents.

Public Facts for 902 E 17Th St

Public county record property details
Beds
--
Baths
--
Year built
1954
Sq. Ft.
10,990
Lot Size
11,918
Stories
2
Type
Commercial (General)
Pool
No
Spa
No
County
Orange
Lot#
1
APN
398-162-01

The source for these homes facts are from public records.

92701 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$455,000
Median List Price/Sq.Ft.
$469
Median Sold Price
$435,000
Median Sold Price/Sq.Ft.
$582
Total Inventory
41
Median Sale to List Price %
100%
Avg Days on Market
32
Loan Type
Conventional (63.64%), FHA (9.09%), VA (9.09%), Cash (18.18%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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