Santa Ana, CA 92704,332 S Newhope ST
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Santa Ana, CA 92704,332 S Newhope ST
Santa Ana, CA 92704,332 S Newhope ST
Santa Ana, CA 92704,332 S Newhope ST

$3,625,000

Est. payment /mo

$3,700,000

2.0%
Est.Price: ?

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332 S Newhope ST Santa Ana, CA 92704

0.78 Acres Lot

SOLD DATE : 09/30/2021

Key Details

Sold Price $3,625,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Other (Othr)

MLS Listing ID NP21141727

Sold Date 09/30/21

HOA Y/N No

Year Built 1966

Lot Size 0.780 Acres

Property Description

The Peppertree Apartments offer a professional investor the opportunity to purchase an income producing property with 30% upside in Rents. There is also potential to build two additional units on the .8 Acre lot. The complex is located off of Newhope St., with great exposure for marketing future vacant units. The parcel is also situated just TWO bock from the Fountain Valley northern border. There are four Middle and Elementary schools within walking distance, as well as a multitude of Retail Centers and Parks.

Location

State CA

County Orange

Area 66 - N Of Blsa, S Of Ggrv, E Of Brookhrst, W Of Ha

Interior

Interior Features All Bedrooms Up

Heating Natural Gas

Flooring Carpet, Laminate, Vinyl

Fireplaces Type Bath, Electric, Family Room, Gas, Kitchen, Master Bedroom, Outside

Fireplace Yes

Laundry Common Area

Exterior

Pool None

Community Features Suburban

Roof Type Tar/Gravel

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 10811311

Energy Description 1000.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Randall Mycorn • R L M Equities
Bought with Mike Sadeghi • Pridemark Group

Summer Henry

Agent | License ID: 02237810

+1(562) 489-6263

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