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2222 W. Edinger Ave., Santa Ana 92704

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Last viewed 7 days ago

2222 W. Edinger Ave., Santa Ana 92704

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This IS NOT a distressed or REO property. Lowest priced triplex in Orange County. Priced at only 13.5 x gross and at a 4.69% cap rate on current rents and expenses. Upside in rents allows for a market GRM of only 7.65 x gross and a cap rate of 10.2%. Located less than 1 mile from Mater Dei High School.  In close proximity to plenty of restaurants, schools and shopping in the Centennial Park/Adams neighborhood of Santa Ana, one of Orange County’s best rental markets. This property has been rented to the same tenants for over 20 years who always pay on time and are very cooperative. Large front patios for two front units and large backyard area for rear tenants. Units consist one 2 bedroom 1 bath and two 1 bedroom one baths. Interiors have some deferred maintenance but still shows well.

Buyer must register and show proof of funds and cross qualify with Dave Meis-Venture West Funding, 949-218-4005. Buyer who is awarded the winning bid will pay a 5% buyer’s premium. Auction will be held for 3 days from Sept. 2 – 4, 2020.

Property can be purchased prior to auction with acceptable bid/offer (minimums will apply). All offers received prior to the event period should be submitted by the buyer or buyer’s agent. Please contact listing agent for specifics or any questions. Buyer is encouraged to investigate completely to their full satisfaction. All property information, photos, virtual tour, seller reports, disclosures, etc. have been completed. Seller reserves all services. List price is the starting price of the auction. Buyer to cooperate with sellers 1031 exchange at no cost to buyer.


Santa Ana is a large city located in the state of California. With a population of 332,725 people and 54 constituent neighborhoods, Santa Ana is the 11th largest community in California.

Housing costs in Santa Ana are among some of the highest in the nation, although real estate prices here don’t compare to real estate prices in the most expensive communities in California.

Unlike some cities, Santa Ana isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Santa Ana are a mix of both white- and blue-collar jobs. Overall, Santa Ana is a city of service providers, sales and office workers, and production and manufacturing workers. There are especially a lot of people living in Santa Ana who work in maintenance occupations (12.44%), office and administrative support (11.93%), and sales jobs (9.56%).

Santa Ana, like many big cities in America, has a public transportation system, but the citizens of Santa Ana are lucky because theirs is one of the most extensive and widely used. Many commuters choose to leave their cars at home and instead use the bus to get to and from work. In fact, for some people it is feasible to forgo car ownership entirely, avoiding the cost and headache of driving in heavy traffic. The benefits include reduced air pollution and load on the road network.

The citizens of Santa Ana are slightly less educated than the national average of 21.84% for the average city or town: 13.96% of adults in Santa Ana have a bachelor’s degree or advanced degree

The per capita income in Santa Ana in 2010 was $19,517, which is low income relative to California and the nation. This equates to an annual income of $78,068 for a family of four. However, Santa Ana contains both very wealthy and poor people as well.

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Auction Finished
  • Auction Started:
    August 13, 2020 3:10 PM
  • Auction Ended:
    September 4, 2020 11:30 AM
  • Total Bidders:
  • Start Price:
  • End Price:
    US $510,000
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