Extremely sought after Covington style 4-unit apartment building with a desirable mix comprised of (1) One-Bedroom/One-Bathroom, (2) Two- Bedroom/Two-Bathroom, and (1) Three- Bedroom/Two-Bathroom totaling approx. 4109 living sq ft. This is an excellent asset-add opportunity for any Investor. Current ownership has professionally maintained the asset. The property possesses many advantageous features such as the 3-bedroom single story unit offers a private enclosed patio. One lower 2-bedroom 2 bath boasts a large fenced in yard perfect for kids or herb garden. The upper 2 bedroom is a mirrored image of lower 2 bedroom with a quaint balcony. Upper 1 bedroom unit extends over the 4 attached single car garages and is generous in size and loads of storage and has a great room feel. Units also offer 2 additional parking spaces and coin operated laundry that generates additional income. Each unit has its own gas meter. This fully rented fourplex is situated in a cul-de -sac location on a highly sought after tree-lined street. The building offers a low maintenance yard, long-term tenants and is situated within minutes of South Coast Plaza, freeway access, shopping, entertainment, John Wayne airport and close to Segerstrom center. With the continued addition and demand for new development, this should continue to drive both population growth and increased household income, which ultimately provides much confidence for continued rent escalation.
Sold for $1,797,000 on 09/26/23
Listing Provided by:
Dani Walker DRE #01309428 714-964-3311,
First Team Real Estate,
Rosemarie Sire DRE #00779859 714-963-7080,
First Team Real Estate
Bought with: Estate Properties
$1,797,000
413 W Stevens Ave, Santa Ana, CA 92707
4beds
3baths
4,109sqft
Quadruplex
Built in 1969
-- sqft lot
$-- Zestimate®
$437/sqft
$6,944 Estimated rent
Home value
Not available
Estimated sales range
Not available
$6,944/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 26, 2023 at 11:01am
Listing Provided by:
Dani Walker DRE #01309428 714-964-3311,
First Team Real Estate,
Rosemarie Sire DRE #00779859 714-963-7080,
First Team Real Estate
Bought with:
Brandon Bacchas, DRE #02044300
Estate Properties
Source: CRMLS,MLS#: OC23135707
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Primary bedroom
- Features: Main Level Primary
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: Bedroom on Main Level
Heating
- Central
Cooling
- None
Appliances
- Included: Dishwasher, Free-Standing Range, Disposal, Range Hood, Water Heater
- Laundry: Common Area
Features
- Ceiling Fan(s), Bedroom on Main Level, Main Level Primary, Primary Suite
- Flooring: Carpet, Laminate
- Windows: Screens
- Has fireplace: Yes
- Fireplace features: Gas Starter, Living Room
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,109
- Total interior livable area: 4,109 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Garage, Garage Door Opener
- Garage spaces: 4
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Average Condition,Vinyl
- Has view: Yes
- View description: None
Lot
- Size: 7,405 sqft
- Features: Cul-De-Sac, Lawn
Details
- Parcel number: 41010204
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1969
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Curbs, Street Lights, Sidewalks
Location
- Region: Santa Ana
- Subdivision: ,Covington
HOA & financial
Other financial information
- Total actual rent: 6177
Other
Other facts
- Listing terms: Cash to New Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2023 | Sold | $1,797,000+5.7%$437/sqft |
Source:  CRMLS #OC23135707 | ||
| 8/22/2023 | Pending sale | $1,700,000$414/sqft |
Source: CRMLS #OC23135707 | ||
| 8/14/2023 | Listed for sale | $1,700,000+750%$414/sqft |
Source: CRMLS #OC23135707 | ||
| 6/9/1999 | Sold | $200,000$49/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,832,940 +2% |
| 2024 | $21,068 +461.1% | $1,797,000 +631.9% |
| 2023 | $3,755 +1.5% | $245,515 +2% |
Find assessor info on the county website
Neighborhood: Sandpointe
Nearby schools
GreatSchools rating
- 2/10Taft Elementary SchoolGrades: K-6Distance: 0.1 mi
- 4/10Saddleback High SchoolGrades: 7-12Distance: 1 mi
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