$205,000
$215,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
620 SqFt
SOLD DATE : 01/10/2019
Key Details
Sold Price $205,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 620 sqft
Price per Sqft $330
Subdivision Village Meadows (Vlmd)
MLS Listing ID OC18255506
Sold Date 01/10/19
Bedrooms 1
Full Baths 1
HOA Fees $373/mo
HOA Y/N Yes
Year Built 1972
Property Description
Great Investment Opportunity. Perfect for experienced or novice investor. An extremely well managed property, HOA includes property management. Property management recommended pricing has resulted in a near 0% vacancy over the last 15 years. On site maintenance is responsive and cost effective. Tenants tend to be long term. Current rent is $1,350 with recent annual renewals averaging $50/mo increases. Current recommended market rent is $1,400 - $1,450 for new tenants.
The property is a converted apartment complex with park, pool, and playground amenities. The leasing office is onsite. The majority of the units are investor owned though some unites are owner occupied. The HOA includes insurance, utilities and basic maintenance labor in addition to property management.
Because the majority of units are investor owned purchase will require cash or specially approved lending.
Easy access to downtown Santa Ana and Orange County freeways (CA Hwy 55, Interstate 5, Interstate 405).
Discount considered if offer includes this unit as well as APN 937-910-45
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Main Level Bedrooms 1
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 1
Pool Community, Association
Community Features Curbs, Street Lights, Sidewalks, Pool
Amenities Available Clubhouse, Dues Paid Monthly, Maintenance Grounds, Insurance, Management, Outdoor Cooking Area, Barbecue, Picnic Area, Playground, Pool, Trash, Utilities, Water
View Y/N No
View None
Total Parking Spaces 1
Private Pool No
Building
Lot Description Landscaped, Over 40 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Tustin Unified
Others
HOA Name Village Meadows
HOA Fee Include Sewer
Senior Community No
Tax ID 93791013
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Candice Doyle • Aspero Realty, Inc
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "