1328 North Durant Street

Santa Ana, CA 92706

$3,200,000
Price
Beds
16
Baths
12,506 Sq. Ft.
$256 / Sq. Ft.
12,506
Sq. Ft.
$256
per Sq. Ft.

Description

Pleased to present 1328 North Durant Street located in Santa Ana, CA. This impressive property features (16) spacious 1BR/1BA-Jr. units, averaging ±781 SF. Boasting recent capital improvements totaling approximately $104,000, this well-maintained property presents a compelling investment with a $200,000 price per unit and an enticing 9.9% CAP rate based on market rents. Residents will enjoy community garage parking, patios, balconies, and A/C, making this an attractive prospect for the discerning...Pleased to present 1328 North Durant Street located in Santa Ana, CA. This impressive property features (16) spacious 1BR/1BA-Jr. units, averaging ±781 SF. Boasting recent capital improvements totaling approximately $104,000, this well-maintained property presents a compelling investment with a $200,000 price per unit and an enticing 9.9% CAP rate based on market rents. Residents will enjoy community garage parking, patios, balconies, and A/C, making this an attractive prospect for the discerning investor seeking a lucrative addition to their portfolio. 1BR/1BA-Jr are legal studio units with a partition or furniture dividing bedroom area.
  1. Listed by Rick Applebaum • DRE #01273871 • Brokerage DRE #01220368 • Morgan Skenderian • rma@morganskenderian.com
  2. Listed by Paul Espinosa • DRE #01942627 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 1328 North Durant Street

Parking Spaces Total
16
Private Pool
No
Total Units
16.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
12506
Assessor Parcel Number
398-521-20
Property Attached YN
true
LISTING UPDATED: 09/30/2024 05:20 AM

Property Details for 1328 North Durant Street

StatusActive Under Contract
MLS #PW24097102
Days on Market139
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1979
CountyOrange County

Building Information for 1328 North Durant Street

Building/Complex1328 N Durant StFloor-Stories3Residences-Pet Policy-Year Built1979Building Size-

Property Information for 1328 North Durant Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $4,800
  • Gross Scheduled Income: $282,732
  • Vacancy Allowance: 8482
  • Gross Operating Income: $274,250
  • Net Operating Income: $187,110
  • Laundry Income: $4,800
  • Gross Multiplier: 11.32
  • Cap Rate: 5.85
Expense Details
  • Operating Expense: $87,140
  • New Taxes Expense: $39,550
  • Gardener Expense: $2,820
  • Fuel Expense: $4,525
  • Electric Expense: $4,525
  • Insurance Expense: $10,005
  • Maintenance Expense: $10,970
  • Professional Management Expense: $0
  • Other Expense: $4,944
  • Other Expense Description: on-site
  • Trash Expense: $4,525
  • Water Sewer Expense: $4,525
  • Supplies Expense: $750
  • Total Expenses: $8,740
Tax / Assessment Info
  • Tax Rate: 1.1
  • Tax Annual Amount: $39,550
  • Tax Tract Number: 310
  • Tax Census Tract: 750.03
  • CFD/Mello-Roos Fee: $4,095
  • Tax Lot: 15
Community / Development
Community / Development
  • Community Features: Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 16
  • Parking: Yes
  • Parking Garage: Controlled Entrance
  • Parking Garage Spaces: 16
  • Carport Spaces: 0
  • Parking Features: Controlled Entrance
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,447
  • Unit Type Total Rent: $23,161
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1

Property History for 1328 North Durant 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 1328 North Durant Street

Taxable ValueLand$225,959Additions$1,127,990Total$1,353,949
Tax Record2024$19,311 ($1,609 / month)
Home Facts
Total Finished SqFt12,506 SqFtAbove Grade Finished SqFt12,506 SqFtStories2Lot Size10,206 SqFtStyleMulti-Family Dwelling (2-4)Year Built1979CountyORANGEAPN398-521-20

Schools near 1328 North Durant Street

This home is within Santa Ana Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Wilson Elementary School
PublicK to 5

Willard Intermediate School
Public6 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.

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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 Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Paul Espinosa, DRE #01942627

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.