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Listed by Randall Mycorn • R L M Equities
$2,050,000
Est. payment /mo
5,216 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 5,216 sqft
Price per Sqft $393
MLS Listing ID NP-26200094
Year Built 1982
Lot Size 9,259 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property 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.
Location
State CA
County Orange
Interior
Laundry Common Area
Exterior
Garage Spaces 6.0
Pool None
Community Features Suburban
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900