Timothy P Burns

16 1 UNITS | SANTA ANA | JUST LISTED Contact Rick Applebaum of Morgan Skenderian Investment Real Estate Group for more information. 949.500.5099 or [email protected] ABOUT THE PROPERTY: The Hacienda Palms Apartments presents the opportunity to obtain an immaculately renovated 10,797 SF multifamily property that was built in 1957 and revitalized in 2013. The property boasts updated modern conveniences and overflows with curb appeal. Consisting of majority two bedroom units and sits atop wo parcels of land combining to an enormous 27,898 SF. This ample lot size provides multiple options to the new investor for ADU’s and individual sales of each parcel. HIGHLIGHTS: -Beautifully Maintained, Turnkey Property -70% Two Bedroom Units -Exceptional Rental Location Bordering Tustin -Newer Roofs, Windows, Decks, Balconies, Railings, Landscaping, Asphalt, Etc. (2013) -Majority of Interiors Renovated -Two Separate Parcels #multifamily #multifamilyinvesting #multifamilyrealestate #rentalproperty #orangecountyrealestate #apartmentinvesting #commercialrealestate #investmentrealestate #santaana #1031exchange #morganskenderian #santaanarealestate #apartments #apartmentinvesting

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According to a new report from RealPage Market Analytics, markets for apartments in urban cores are catching up with their suburban competitors in terms of both occupancy and rent growth. Read on. #housing #multifamily

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#Multifamily property owners are finally getting a break.   Effectively immediately, HUD is raising the maximum permissible wind or named storm deductible for properties with FHA-insured mortgages to $50,000 or 5% of the insurable value per location, whichever is greater, up to a maximum of $475,000 per occurrence. Beforehand, the maximum #deductible was $50,000 or 1% of the insurable value, whichever was greater, up to a maximum of $250,000. Multifamily #insurance costs have risen dramatically over the past several years — up 27.7% over the 12 months ending in January and 129% since 2018, according to a recent Yardi Matrix report – so this news from HUD is more than welcome.

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