1210 1214 S Pacific Avenue, Santa Ana, CA 92704

$3,650,000
List Price
$3,650,000
Status
ACTIVE
MLS#
OC21070501
Year Built
1957
Lot Size
13,981
Acres
0.32
Lot Location
Landscaped, Near Public Transit
Days on Market
10
Property Type
Multifamily
Stories
Two Levels

Property Description

The Pacific Avenue Apartments are located at 1210-1214 South Pacific Avenue in Santa Ana, one of the strongest rental markets in Southern California. The property offers a unit mix consisting of (16) one-bedroom/ one-bathroom units totaling 8,396 square feet, situated over two parcels. The subject property has recently gone through extensive interior and exterior renovations. Some upgrades include but are not limited to new flooring, new kitchens, updated bathrooms, new asphalt, and new electric. Common area amenities include a large courtyard, gated access, ample on-site parking, and an on-site, building-owned laundry facility. This offering represents a rare opportunity for an investor to achieve a 5% CAP Rate and 10.4% Cash-on-Cash/Total Return on current income for a stable, turn-key investment property in the desirable rental market of Santa Ana, California.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Number Of Units Total
16
Gross Scheduled Income
$276,624
Operating Expense
96873

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Greg Bassirpou from Marcus & Millichap RE Invest

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.