Active

3322 W Camille Street

Santa Ana CA, 92704

$1,700,000


$609.76 per sqft

Active

2,788 sqft

Condo

Built in 1952

Listed by ALBERT LE with LE INVESTMENT GROUP 909-256-7889

HIGHLIGHTS: Redevelopment Potential With Tremendous Upside / Possible Addition of ADU / Property is Zoned R-2 (Two-family residence). / Redevelopment examples may include Two (2), two-story condominium type duplex with garage. / The Property is currently composed of, (1) two-bedroom front single family residence, (4) rear units which include (1) 2 BDR unit, & (3) 3 BDR Units. / Example Redevelopment (2) townhomes with Three-bedroom units (4 units) + ADU Two-bedroom. Projected CAP Rate: 7.75%+/- / Current leasing rates for three-bedroom units in Santa Ana, range from $2,400 to $3,000, while two-bedroom lease rates range from $1,800-$2,200. / It is essential for buyers to conduct their own due diligence, including consulting with the City of Santa Ana Planning and Building Department.


3322 West Camille St. is a multifamily property located in the city of Santa Ana, CA. Situated on a large .37 acre lot, this property offers ample space and potential for various possibilities.

Built in 1949, this multifamily property features a total of five (5) units, catering to a diverse range of tenants. Among the five (5) units, two (2) units are spacious 2-bedroom, 1-bathroom apartments, while the remaining three (3) units boast comfortable 3-bedroom, 1-bathroom layouts. With a mix of unit sizes, this property appeals to a broad market, providing flexibility for investment strategies.

The city of Santa Ana has experienced significant growth and development over the years, making it an attractive destination for businesses, residents, and investors.

IV23136368

MLS ID

July 17, 2023

Listed

March 23, 2024

Updated

Map

3322 W Camille Street
Santa Ana CA, 92704

Interior Features

Total Stories

1


Laundry Description

Inside


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.35 Acres


Lot Features

2-5 Units/Acre


Sewer

Public Sewer

Other Property Details

Area Name

699 - Not Defined


Days on Market

78


Garage

No


Parking Total

0


View

No


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Zoning

R3


Buyer Agency Compensation

2%

Listing Contact: 909-256-7889 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:24 AM UTC

 

Powered byLuxury Presence