• 36,394 sq.ft.
  • 20,003 sq.ft. lot
offered at $12,550,000
Status: Pending // Property Type:
County: Orange // Year Built: 1987

Property Description

The Bush Court Apartments, an exceptionally rare, newer construction 52-unit building, located in the heart of Santa Ana. Built in 1987, this investment opportunity is an ideal mix of 1 & 2 bedroom units. The Bush Court Apartments is comprised of (36) one bedroom/one bathroom units, (2) one bedroom/one bathroom + den units, and (14) two bedroom/two bathroom units. The building is generously parked with (88) community garage spaces with secured access. The majority of units have been renovated featuring remodeled kitchens, granite countertop, tile backsplashes, microwaves, porcelain tile flooring, etc., while exterior upgrades boast newer roofs, exterior paint, security cameras, security doors, solar panels, and LED Lighting. Tenants enjoy on-site laundry, patios/balconies, A/C and secured access and secured, covered parking. This investment opportunity offers an investor substantial room to improve income in a non-rent control environment with a predictably low expense ratio. The installation of the solar panel system, LED lighting and the already implemented utility reimbursement program simplifies management and creates great value for a new investor. Additional income from laundry and extra available parking further enhances the return The Bush Court Apartments is an exceptional investment opportunity to add to any already established investment portfolio.

Listing Courtesy of Rick Applebaum, Morgan Skenderian

Exterior Features

Exterior Features: Curbs, Sidewalks, Storm Drains, Street Lighting
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of November 6, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.