Real Estate Auction - Santa Ana Triplex

2222 W. Edinger Ave. Santa Ana, CA 92704

2222 W. Edinger Ave. , Santa Ana, CA, 92704
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FOR SALE Auction Property
Property Type:
MultiFamily Apartments
Amount:
$510,000 to $1,000,000
Cap Rate:
4.69%
Last Verified:
Aug 15, 2020

AUCTION SALE: This IS NOT a distressed or REO property. Lowest priced triplex in Orange County. Priced at only 13.5 x gross and at a 4.69% cap rate on current rents and expenses. Upside in rents allows for a market GRM of only 7.65 x gross and a cap rate of 10.2%. Located less than 1 mile from Mater Dei High School. In close proximity to plenty of restaurants, schools and shopping in the Centennial Park/Adams neighborhood of Santa Ana, one of Orange County's best rental markets. This property has been rented to the same tenants for over 20 years who always pay on time and are very cooperative. Large front patios for two front units and large backyard area for rear tenants. Units consist one 2 bedroom 1 bath and two 1 bedroom one baths.

This property will be auctioned through Southern California Real Estate Auction (www.socalrealestateauction.com). Buyer must register and show proof of funds at auction website and cross qualify with Dave Meis-Venture West Funding dmeis@ventwest.com, 949-218-4005. Buyer who is awarded the winning bid will pay a 5% buyer’s premium. Auction will be held for 3 days from Sept. 2 - 4, 2020.

Property can be purchased prior to auction with acceptable bid/offer (minimums will apply). All offers received prior to the event period should be submitted by the buyer or buyer's agent. Please contact listing agent for specifics or any questions. Buyer is encouraged to investigate completely to their full satisfaction. All property information, photos, virtual tour, seller reports, disclosures, etc. have been completed. Please visit the auction page on the link provided below to review all property information and due diligence materials. Seller reserves all services. List price is the starting price of the auction. Buyer to cooperate with sellers 1031 exchange at no cost to buyer.


Additional URLs

Map of 2222 W. Edinger Ave. , Santa Ana, CA, 92704

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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