1015 N Parton Street
Santa Ana, CA, 92701
$3,345,900
Beds
0 Baths
SqFt
0.2 Acres
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If you’re looking for a great, solid investment in rental property, this is just what you’re looking for! A great opportunity also exists in the ASSUMABLE LOAN at the low rate of 3.73%!! In a prime location just steps from the Santa Ana Civic Center, the Orange County Superior Court, and the reknowned Orange County School of Performing Arts, the location is also just minutes from Santa Ana College, the Bristol Marketplace shopping center and numerous other locales for shopping, dining and services. There’s also easy access to public transporation. This 3 level building was built in 1987 and features an electronically controlled, gated parking garage on the 1st level and a total of 10 – 1 bedroom, 1 bath units on the next 2 levels. The units have a spacious great room with a large living and dining area and a convenient kitchen. The bedroom is at the rear with access to the large private balcony and the full bath. The units have newer windows and sliding glass doors, AC units and individual gas water heaters. Gas and electric are individually metered and the owner provides water, trash and sewer. Tenants are responsible for paying for their own cable TV and/or internet. There is a community laundry room with leased equipment that the leasor maintains and a small garden area in front. With all that this property and location has to offer, including job opportunities, it’s easy to see why it stays fully occupied and the turnover rate is low. You’ll have the peace of mind of knowing that you have a steady income stream. Owning a single family home or duplex as a rental has the disadvantage of having greatly reduced or no income in the event of a unit turnover. With 10 units, you have offsetting income in the event of turnovers, which don’t happen frequently. Add to your portfolio or dive into rental income property investments with this terrific 10 unit complex. What a great opportunity!

Property Details

Price:
$3,345,900
MLS #:
PW25050495
Status:
Active
Baths:
0
Address:
1015 N Parton Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
70santaananorthoffirst
City:
Santa Ana
Listed Date:
Mar 10, 2025
State:
CA
ZIP:
92701
Lot Size:
8,712 sqft / 0.20 acres (approx)
Year Built:
1987
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Interior

Accessibility Features
None
Appliances
Gas Range, Range Hood
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Tile
Interior Features
Ceiling Fan(s), Open Floorplan, Unfurnished

Exterior

Community Features
Curbs, Gutters, Sidewalks, Street Lights, Urban
Electric
Standard
Exterior Features
Lighting
Fencing
Wrought Iron
Foundation Details
Slab
Garage Spaces
10.00
Lot Features
Front Yard, Landscaped, Lot 6500-9999, Near Public Transit
Parking Features
Assigned, Covered, Concrete
Parking Spots
10.00
Pool Features
None
Security Features
Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
3
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Map

Community

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1015 N Parton Street
Santa Ana, CA