MLS® ID: PW19199220
2402 Evergreen Street
Santa Ana, California, 92707 $1,470,000
Active Under Contract
An excellent opportunity to acquire an 6-unit multifamily building in Santa Ana. Located at 2402 Evergreen St, this multifamily asset was built in 1961. It offers six 2 bed, 1 bath single story units. Residents of the property enjoy use of a giant off-street parking a lot, as well as, tuck under parking. The buildings boast a total of 3,685 gross rentable square feet on a huge 21,627 square foot corner lot.
Residents of 2402 Evergreen St enjoy the property for a combination of reasons including accessibility to quick transportation, quality schools and universities, nearby parks and golf courses and of course the Disney Land/California Adventure theme parks only a few exits down the freeway. The property is walking distance to Delhi Park, WaBa Grill, Taco Bell and 7-Eleven. Sports fans will find the location particularly appealing due
to its convenient location about fifteen minutes by car to The Honda Center and Angel Stadium.
For the right investor, this multi-family asset will represent a great opportunity to generate years of steady cash flow and a higher than average ROI. The close proximity to Downtown Santa Ana and so many well-known attractions will lead to increased appreciation as the urban neighborhood lacks additional space for more apartment building projects to be developed. With a minor investment in fixtures and aesthetics a significant increase in rental income will be achievable.