Description
Exceptional investment opportunity to acquire a turn-key, fully stabilized multifamily asset in high-demand Santa Ana. Delivering an in-place cap rate over 6.6%, this property stands out as one of the strongest cash-flowing multifamily deals available in Orange County. The building features predominantly spacious 2-bedroom floor plans, perfectly positioned to attract and retain long-term tenants in today's tight rental market. Extensive recent capital improvements offer low maintenance operations, including brand-new plumbing (hot/cold water, gas, and sewer), permitted dual-pane windows, SB 721 compliance with a fully permitted deck rebuild, updated kitchens and bathrooms, recessed lighting, and modern flooring throughout. These high-end systems and updated construction drastically reduce near-term CapEx while keeping operating expenses low. Located just minutes from vibrant Downtown Santa Ana, the Civic Center, Bowers Museum, and Main Place Mall, tenants enjoy seamless access to premier dining, shopping, and cultural hubs. Residents will appreciate quick access to I-5 via 17th Street, along with proximity to the new OC Streetcar transit line connecting Santa Ana to Garden Grove. With all units currently leased at strong market rates, this low-maintenance asset delivers immediate, reliable income from day one.
Details
| MLS # | NP26200094 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1982 |
| Days On Site | 52 |
| Listing Provided By | R L M Equities | Randall Mycorn |
Features
| SQ Feet | 5,216 |
|---|---|
| Garage | 6 |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.21 |
Exterior
| Lot Features | Eleven To Fifteen Units Acre |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Suburban |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92703 |
| Area | 699 Not Defined |
| Listing VS Median (in 92703) | |
Price: $2,050,000 low | high Med: $799,000 sqft: 5,216 low | high Med: 1,092 $ / sqft: $393 low | high Med: $732 On site: 52 low | high Med: 108 | |
Market Activity 92703
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92703 |
| Area | 699 Not Defined |
| Listing VS Median (in 92703) | |
Price: $2,050,000 low | high Med: $799,000 sqft: 5,216 low | high Med: 1,092 $ / sqft: $393 low | high Med: $732 On site: 52 low | high Med: 108 | |
