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Multifamily

1210-1214 S Pacific Ave

1210-1214 S Pacific Ave, Santa Ana, CA 92704

Listing Price: $4,625,000

Cap Rate
4.24%
Number of Units
16
Occupancy
100.0%
Price/Unit
$289,063
Price/Gross SF
$550.86
Gross SF
8,396

Investment Overview

The Weir Group is pleased to present The Pacific Avenue Apartments located at 1210-1214 South Pacific Ave in Santa Ana, Orange County boasting 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 strong opportunity for an investor to achieve roughly 16% upside in rents while owning a turn key investment. Low expenses, quality tenants, and high rents make this a very desirable property.

Investment Highlights

  • 4.10% Cap Rate
  • Over $250,000 in recent CapEx
  • Close to schools, freeways, retail, and major employers

Exclusively Listed By

Financing By

Multifamily

1210-1214 S Pacific Ave

Listing Price: $4,625,000

Cap Rate
4.24%
Number of Units
16
Occupancy
100.0%
Price/Unit
$289,063
Price/Gross SF
$550.86
Gross SF
8,396

Investment Highlights

  • 4.10% Cap Rate
  • Over $250,000 in recent CapEx
  • Close to schools, freeways, retail, and major employers

Investment Overview

The Weir Group is pleased to present The Pacific Avenue Apartments located at 1210-1214 South Pacific Ave in Santa Ana, Orange County boasting 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 strong opportunity for an investor to achieve roughly 16% upside in rents while owning a turn key investment. Low expenses, quality tenants, and high rents make this a very desirable property.

Exclusively Listed By

Financing By

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