Santa Ana, CA 92707
Located on a quiet street in an up-and-coming neighborhood within Santa Ana, Kilson Drive Apartment Homes offers a rare investment opportunity, primed for buyers looking to take advantage of 2-4 unit residential financing and/or a turnkey 1031 upleg. The property is comprised of two side-by-side parcels with separate addresses and APNs for a total of 6-units, providing an opportunity for prospective buyers to maximize their ROI by taking advantage of today’s low conventional rates. All units are 2 bed/1 bath configurations, generating annualized current income of $120,000 and due to bump another 5% next year. The property underwent a significant remodel in 2016 including new landscaping, exterior and interior paint, floors, kitchens, bathrooms, wall heaters, windows and recessed lighting. Both building’s plumbing was completely re-piped and front and back gates installed. The property offers two on-site laundry rooms, covered garage parking and storage below each stairwell and behind each parking spot.