717 N Garfield St, Santa Ana, CA 92701
- Apartment buildings
- 22,500 SF
- 0.52 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 717 N Garfield St
- Year built
- 1979
- Lot size
- 0.52 lot acres
- Property type
- Apartment buildings
- APN
- 398-303-02
- APU
- 39830302
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 12, 2024 | — | Chandulal K Patel | Chandulal K Patel | Intrafamily Transfer · related | — |
| Feb 6, 2020 | — | Chandulal K Patel | Geeta Patel | Intrafamily Transfer · related | $3.6M · State Bank Of India (california) |
| Aug 20, 2013 | $3,420,000 | Chandulal K Patel | Huynh Van & Minh T M Trust | Grant Deed | — |
| Aug 11, 2005 | — | Huynh Tho V & Minh T M Trust | Vanhuynh,tho | Quit Claim Deed · related | — |
| Jun 4, 2004 | $3,200,000 | Tho V Huynh | Brewart,nelson R | Grant Deed | $1.9M · Pacific Premier Bank |
| May 27, 1993 | $925,000 | Nelson Brewart | American Savings | Grant Deed | $740k · American Savings Bank |
| Dec 22, 1992 | $1,100,000 | American Sav Bank | Mcginnis,john L | Trustees Deed · related | — |
| Feb 1, 1989 | $1,457,000 | Mcginnis John J | Tde INC | Trustees Deed · related | $181k · American Savings Bank |
| — | — | Tde INC | — | Deed Of Trust · related | $118k · Garfield Six Ltd |
| — | — | Nelson R Brewart | — | Deed Of Trust · related | $1M · Abn Amro Mortgage Group INC |
| — | — | Chandulal K Patel | — | Deed Of Trust · related | $2.5M · State Bank Of India |
Description
This exceptional 30-unit apartment building presents a compelling investment opportunity in Santa Ana, California. Located at 717 N Garfield St, 92701, this two-story, 1979-constructed property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $306,601 and a 4.52% cap rate. The asking price is $6,870,000, translating to an attractive price per unit of $229,000. The property features a gated community with both garages and covered parking, providing ample parking for residents. Each unit is individually metered for gas and electric, with tenants responsible for utility costs. Further enhancing its appeal, the property includes an on-site laundry room. Its convenient location offers proximity to an elementary school, shopping, restaurants, and freeways, making it highly attractive to tenants. This well-maintained property presents a strong value-add opportunity with significant potential for rental income growth. The property is not subject to a ground lease. All information should be verified independently by the buyer.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,420,000
- ML approach
- $3,420,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Santa Ana
- County
- Orange
- State
- California
- Longitude
- -117.86
- Latitude
- 33.7522
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
