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Listed by Justin Butler • Kirklen Investment Group
$1,750,000
Est. payment /mo
3,646 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,646 sqft
Price per Sqft $479
MLS Listing ID OC-26233339
Year Built 1950
Lot Size 9,044 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
1402-1410 N Sycamore Street, a five-unit multifamily property in central Santa Ana. Offered for the first time in more than 30 years, the property gives investors a rare opportunity to acquire a stable, income-producing asset in one of Orange County's highest-demand rental markets.
The property consists of two detached buildings on a 9,044 SF lot, with three, one-bedroom units and one, two-bedroom unit, and one, three-bedroom unit. The diverse mix appeals to a broad tenant base, from individuals to families, supporting consistent occupancy and lower turnover risk. Residents benefit from ample on-site parking, including four garage spaces, two carport spaces, and two open spaces, an amenity rarely found in central Santa Ana.
The property is fully occupied and generates $138,000 in annual gross income. Tenants pay their own gas and electric, keeping owner utility expenses low.
The property sits minutes from Downtown Santa Ana, the 4th Street Market, and the I-5 Freeway, providing residents convenient access to employment, dining, and entertainment throughout Orange County. The surrounding area continues to attract significant investment, with several major residential and mixed-use developments planned nearby. For investors seeking durable cashflow in a supply-constrained submarket, 1402-1410 N Sycamore Street offers a well-located asset with upside.
The property consists of two detached buildings on a 9,044 SF lot, with three, one-bedroom units and one, two-bedroom unit, and one, three-bedroom unit. The diverse mix appeals to a broad tenant base, from individuals to families, supporting consistent occupancy and lower turnover risk. Residents benefit from ample on-site parking, including four garage spaces, two carport spaces, and two open spaces, an amenity rarely found in central Santa Ana.
The property is fully occupied and generates $138,000 in annual gross income. Tenants pay their own gas and electric, keeping owner utility expenses low.
The property sits minutes from Downtown Santa Ana, the 4th Street Market, and the I-5 Freeway, providing residents convenient access to employment, dining, and entertainment throughout Orange County. The surrounding area continues to attract significant investment, with several major residential and mixed-use developments planned nearby. For investors seeking durable cashflow in a supply-constrained submarket, 1402-1410 N Sycamore Street offers a well-located asset with upside.
Location
State CA
County Orange
Interior
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Garage Spaces 4.0
Pool None
Community Features Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900