1407 N BUSH STREET, SANTA ANA CA 92701

  • 36,394 sq.ft.
  • 20,003 sq.ft. lot
offered at $12,550,000
MLS#:PW18239583
Status: Active // 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
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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