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Multifamily

502 E Pine St

502 E Pine St, Santa Ana, CA 92701

Listing Price: $6,570,000

Cap Rate
3.23%
Number of Units
18
Price/Unit
$365,000
Price/Gross SF
$336.70
Gross SF
19,513

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 502 East Pine Street, an 18-unit multifamily investment property located in Santa Ana, CA. Built in 1982, 502 East Pine Street offers a desirable unit mix consisting of 13, two-bedroom floor plans, of which 10 are townhomes, and 5, three-bedroom floor plans. Amenities include controlled access, private patios or balconies, elevator service, a gated subterranean parking garage, and on-site laundry. 502 East Pine Street has an excellent central Santa Ana location, situated less than 0.50 miles from Downtown Santa Ana and the bustling 4th Street Market. The property is also located less than 1.75 miles from Santa Ana College, which has an annual enrollment of over 27,000 students and employs over 3,500 staff members, placing residents in close proximity to a major employment and housing driver. Furthermore, 502 East Pine Street is positioned just under 1 mile from Interstate 5, providing residents with easy access to employment hubs throughout Orange and Los Angeles Counties.

Investment Highlights

  • Substantial Rental Upside
  • Excellent Mix of Two & Three-Bedroom Floor Plans
  • Highly Desirable 1982 Construction
  • Elevator Service & Private Patios or Balconies
  • Controlled Access, Gated Subterranean Parking Garage, & On-Site Laundry
  • Within Walking Distance of Downtown Santa Ana

Exclusively Listed By

Financing By

Multifamily

502 E Pine St

Listing Price: $6,570,000

Cap Rate
3.23%
Number of Units
18
Price/Unit
$365,000
Price/Gross SF
$336.70
Gross SF
19,513

Investment Highlights

  • Substantial Rental Upside
  • Excellent Mix of Two & Three-Bedroom Floor Plans
  • Highly Desirable 1982 Construction
  • Elevator Service & Private Patios or Balconies
  • Controlled Access, Gated Subterranean Parking Garage, & On-Site Laundry
  • Within Walking Distance of Downtown Santa Ana

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 502 East Pine Street, an 18-unit multifamily investment property located in Santa Ana, CA. Built in 1982, 502 East Pine Street offers a desirable unit mix consisting of 13, two-bedroom floor plans, of which 10 are townhomes, and 5, three-bedroom floor plans. Amenities include controlled access, private patios or balconies, elevator service, a gated subterranean parking garage, and on-site laundry. 502 East Pine Street has an excellent central Santa Ana location, situated less than 0.50 miles from Downtown Santa Ana and the bustling 4th Street Market. The property is also located less than 1.75 miles from Santa Ana College, which has an annual enrollment of over 27,000 students and employs over 3,500 staff members, placing residents in close proximity to a major employment and housing driver. Furthermore, 502 East Pine Street is positioned just under 1 mile from Interstate 5, providing residents with easy access to employment hubs throughout Orange and Los Angeles Counties.

Exclusively Listed By

Financing By

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