801 S Lyon St, Santa Ana, CA 92705

Three amazing side by side condos with professional on-site property management! Each of the units is a one bedroom with one bathroom and includes assigned covered parking with storage. The association grounds are beautifully taken care of and boast of mature trees throughout. Tenants have access to two pools and an on-site coin-op laundry. One of the units is currently available â perfect for a buyer who may want to live in one of the units and rent out the other two. Extremely low HOA dues which include: water, trash, sewer, landscaping and insurance. Tenants pay all other utilities as part of their standard lease. HOA funds will cover scheduled exterior maintenance which includes roof, porch, etc. The professional onsite managment team will assist with advertising any available units, as well as prequalifying & leasing to approved tenants. Property management also assists with cleanup and repairs after tenants move out for an additional fee. Currently cap rate is at 6%, huge upside to raise rents to market rate for a 8% cap! Seller will consider selling just one or a combination of the three condos; $235,000 each unit.