Well%20Maintained%20GATED%2011%20Unit%20Apartments.%20No%20Rent%20Control%20And%20High%20Demand%20Rental%20Market%20in%20the%20City%20of%20Santa%20Ana%20Apartment%20Buildings.%20Inside%207,567%20Sq.%20Ft.%20with%20Lot%20Size%2019,602%20Sq.ft.%2010%20Units%20of%20One%20Bedroom%20with%20One%20Bath%20in%20One%20Level%20(Each%20Unit%20is%20Approx.%20620%20Sq.ft.)%20(Current%20Monthly%20Rent%20is%20$%201,295,%20$%201,350,%20$1,395%20),%20One%20Unit%20is%202%20Bedrooms%20with%201%20Bath%20(%20Approx.%201,317%20Sq.ft.,%20Current%20Monthly%20Rent%20is%20$1,650).%20Annual%20Gross%20Income%20$%20177,060;%20Annual%20Expense%20with%20Property%20Tax%20and%20Insurance%20is%20Approx.%20$%2052,921,%20%20NET%20Operating%20INCOME%20is%20$124,139.%20%20Located%20adjacent%20to%20Lowell%20Elementary%20School,%20and%20within%20walking%20distance%20to%20the%20Santa%20Ana%20Downtown%20District%20and%20Santa%20Ana%20High%20School.%20The%20property%20has%2010%20single-story,%20spacious%201-bed/1-bath%20units,%20plus%20one%202-bed/1-bath%20unit.%20There%20are%2012%20Carport%20parking%20spaces.%20Majority%20of%20units%20are%20upgraded%20Including%20Kitchen%20Cabinets,%20Tile%20Flooring,%20Paint,%20Bathrooms,%20Interior%20Doors,%20Appliances.%20The%20Property%20Exterior%20Has%20Been%20Repainted.%20The%20Baths%20Are%20Equipped%20with%20Newer%20Vanities,%20Tile%20Surround%20Showers,%20Upgraded%20Plumbing,%20High-Efficiency%20Toilets.%20The%202-Bedroom%20Unit%20Upgrades%20Also%20Include%20Newer%20Wall%20AC,%20Newer%20Forced%20Air%20Heating.%20The%20property%20also%20features%20an%20on-site%20Laundry%20Room%20(Equipment%20on%20Lease),%20Long%20Term%20Tenants%20with%20100%%20Occupancy.%20Next%20To%20Elementary%20School.%20A%20Gated%20Courtyard,%20Storage%20Room.%20Located%20close%20to%20Freeways%205%20and%2055.
Well%20Maintained%20GATED%2011%20Unit%20Apartments.%20No%20Rent%20Control%20And%20High%20Demand%20Rental%20Market%20in%20the%20City%20of%20Santa%20Ana%20Apartment%20Buildings.%20Inside%207,567%20Sq.%20Ft.%20with%20Lot%20Size%2019,602%20Sq.ft.%2010%20Units%20of%20One%20Bedroom%20with%20One%20Bath%20in%20One%20Level%20(Each%20Unit%20is%20Approx.%20620%20Sq.ft.)%20(Current%20Monthly%20Rent%20is%20$%201,295,%20$%201,350,%20$1,395%20),%20One%20Unit%20is%202%20Bedrooms%20with%201%20Bath%20(%20Approx.%201,317%20Sq.ft.,%20Current%20Monthly%20Rent%20is%20$1,650).%20Annual%20Gross%20Income%20$%20177,060;%20Annual%20Expense%20with%20Property%20Tax%20and%20Insurance%20is%20Approx.%20$%2052,921,%20%20NET%20Operating%20INCOME%20is%20$124,139.%20%20Located%20adjacent%20to%20Lowell%20Elementary%20School,%20and%20within%20walking%20distance%20to%20the%20Santa%20Ana%20Downtown%20District%20and%20Santa%20Ana%20High%20School.%20The%20property%20has%2010%20single-story,%20spacious%201-bed/1-bath%20units,%20plus%20one%202-bed/1-bath%20unit.%20There%20are%2012%20Carport%20parking%20spaces.%20Majority%20of%20units%20are%20upgraded%20Including%20Kitchen%20Cabinets,%20Tile%20Flooring,%20Paint,%20Bathrooms,%20Interior%20Doors,%20Appliances.%20The%20Property%20Exterior%20Has%20Been%20Repainted.%20The%20Baths%20Are%20Equipped%20with%20Newer%20Vanities,%20Tile%20Surround%20Showers,%20Upgraded%20Plumbing,%20High-Efficiency%20Toilets.%20The%202-Bedroom%20Unit%20Upgrades%20Also%20Include%20Newer%20Wall%20AC,%20Newer%20Forced%20Air%20Heating.%20The%20property%20also%20features%20an%20on-site%20Laundry%20Room%20(Equipment%20on%20Lease),%20Long%20Term%20Tenants%20with%20100%%20Occupancy.%20Next%20To%20Elementary%20School.%20A%20Gated%20Courtyard,%20Storage%20Room.%20Located%20close%20to%20Freeways%205%20and%2055.