1910 North Spurgeon Street

Santa Ana, CA 92706

$5,472,000
Price
1
Beds
24
Baths
15,584 Sq. Ft.
$351 / Sq. Ft.
15,584
Sq. Ft.
$351
per Sq. Ft.

Description

Santa Corona North Apartments is a 24-unit multifamily investment property located in Santa Ana, CA. With a prime Santa Ana location, situated between Floral Park and French Park, residents of Santa Corona North Apartments are at the epicenter of all that Santa Ana has to offer. The property is surrounded by an abundance of retail, dining, and entertainment options along 4th Street, 17th Street, and Main Street. Additionally, the property is just under 1.25 miles from Santa Ana College, the 3rd top...Santa Corona North Apartments is a 24-unit multifamily investment property located in Santa Ana, CA. With a prime Santa Ana location, situated between Floral Park and French Park, residents of Santa Corona North Apartments are at the epicenter of all that Santa Ana has to offer. The property is surrounded by an abundance of retail, dining, and entertainment options along 4th Street, 17th Street, and Main Street. Additionally, the property is just under 1.25 miles from Santa Ana College, the 3rd top employer within the city, per Santa Ana’s 2023 Annual Comprehensive Financial Report. Furthermore, residents enjoy the property’s close proximity to Interstate 5, connecting residents to major employment hubs throughout Orange and Los Angeles Counties. Built in 1979, Santa Corona North Apartments offers a mix of studio and one-bedroom floor plans on a spacious 0.36-acre lot. The property offers highly desirable amenities including private balconies (select units), a gated parking garage and an on-site laundry facility. With current rents below market rates, Santa Corona North Apartments represents a unique value-add opportunity through the execution of a property renovation plan. With a prime Santa Ana location and ample upside, Santa Corona North Apartments represents an enticing opportunity for a new owner.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

Property Details for 1910 North Spurgeon Street

Parking Spaces Total
26
Private Pool
No
Total Units
24.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
15584
Assessor Parcel Number
003-141-40
Property Attached YN
false
LISTING UPDATED: 12/12/2024 01:19 AM

Property Details for 1910 North Spurgeon Street

StatusActive
MLS #OC24123574
Days on Market180
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1979
CountyOrange County

Building Information for 1910 North Spurgeon Street

Building/Complex1910 N Spurgeon StFloor-Stories2Residences-Pet Policy-Year Built1979Building Size-

Property Information for 1910 North Spurgeon Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $392,618
  • Gross Scheduled Income: $387,818
  • Vacancy Allowance: 11635
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $376,184
  • Net Operating Income: $221,594
  • Other Income Description: Misc
  • Other Income 1: $4,800
Expense Details
  • Operating Expense: $159,389
  • Operating Expense Percent: 41.80%
  • New Taxes Expense: $60,629
  • Fuel Expense: $6,000
  • Electric Expense: $6,000
  • Insurance Expense: $14,400
  • Maintenance Expense: $12,000
  • Professional Management Expense: $15,239
  • Other Expense: $33,121
  • Other Expense Description: Misc
  • Trash Expense: $6,000
  • Water Sewer Expense: $6,000
  • Total Expenses: $159,389
Tax / Assessment Info
  • Tax Tract Number: 524
  • Tax Census Tract: 750.04
  • CFD/Mello-Roos Fee: $6,121
  • Tax Lot: 14
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 24
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 26
  • Parking Garage Spaces: 26
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 11
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $11,283
  • Unit Type Total Rent: $11,283
  • Unit Type Pro Forma: 17955
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 15
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 15
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $21,036
  • Unit Type Total Rent: $21,036
  • Unit Type Pro Forma: 33750
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 24

Property History for 1910 North Spurgeon Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1910 North Spurgeon Street

Taxable ValueLand$2,120,913Additions$1,767,422Total$3,888,335
Tax Record2024$49,614 ($4,134 / month)
Home Facts
Total Finished SqFt15,585 SqFtAbove Grade Finished SqFt15,585 SqFtStories2Lot Size15,542 SqFtStyleMulti-Family Res (5+ Units)Year Built1979CountyORANGEAPN003-141-40

Schools near 1910 North Spurgeon Street

This home is within Santa Ana Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Hoover Elementary School
PublicK to 5

Sierra Preparatory Academy
PublicK to 8

Santa Ana High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1910 North Spurgeon Street is a multi-family home for sale in Santa Ana, CA 92706. This property was listed for sale on June 17, 2024 by Marcus & Millichap RE Invest, it's currently listed at $5,472,000. It has been on the market for a total of 180 days and was last sold on December 12, 2014. This listing's school district is Santa Ana Unified School District. Nearby schools include Hoover Elementary School, Sierra Preparatory Academy and Santa Ana High School. 1910 North Spurgeon Street is a 1-bed, 24-bath, 15,584 sqft multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.