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Multifamily

1724 North Spurgeon Street

1724 North Spurgeon Street, Santa Ana, CA 92706

Listing Price: $1,100,000

Cap Rate
3.10%
Number of Units
5
GRM
14.52
Price/Unit
$220,000
Price/Gross SF
$331.93
Gross SF
3,314

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1724 North Spurgeon Street, a 5-unit multifamily investment property located in Santa Ana, California.

The property offers a diverse mix of 3, one-bedroom, 1, two-bedroom, and 1, three-bedroom units with security doors, shared yards, and security doors.

1724 North Spurgeon Street is situated in an optimal Santa Ana location, just north of Historic French Park and Downtown Santa Ana. The property is in close proximity to Santa Ana’s top attractions including the Discovery Cube, 4th Street Market, and the Bowers Museum. Additionally, 1724 North Spurgeon Street is located within 1 mile of MainPlace Mall, a shopping mall that is currently being renovated to include additional residential, commercial, and hotel space. Furthermore, 1724 North Spurgeon Street is 1.20 miles from Santa Ana College, the 3rd top employer in the city with more than 3,500 employees per Santa Ana’s 2023 Annual Comprehensive Financial Report. The property’s close proximity to Interstate 5 provides residents with easy access to major employment hubs throughout Orange and Los Angeles Counties.

Given its optimal Santa Ana location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 1724 North Spurgeon Street.

Investment Highlights

  • Diverse Mix Consisting of One, Two, & Three-Bedroom Floor Plans
  • Value-Add Opportunity: Substantial Rental Upside
  • Ample Garage & Surface Parking | Shared Yards & Security Doors
  • Excellent Location Just North of Historic French Park & Vibrant Downtown Santa Ana
  • In Close Proximity to Santa Ana's Top Attractions Including the Discovery Cube, 4th Street Market, & the Bowers Museum
  • Within 1 Mile of MainPlace Mall, a Shopping Mall that is Currently Being Heavily Renovated to Include Additional Residential, Commercial, & Hotel Space
  • Positioned 1.20 Miles from Santa Ana College, the 3rd Top Employer in the City with More Than 3,500 Employees Per Santa Ana's 2021 Annual Comprehensive Financial Report
  • In Close Proximity to Interstate 5 Provides Easy Access to Major Employment Hubs in Orange & Los Angeles Counties

Exclusively Listed By

Financing By

Multifamily

1724 North Spurgeon Street

Listing Price: $1,100,000

Cap Rate
3.10%
Number of Units
5
GRM
14.52
Price/Unit
$220,000
Price/Gross SF
$331.93
Gross SF
3,314

Investment Highlights

  • Diverse Mix Consisting of One, Two, & Three-Bedroom Floor Plans
  • Value-Add Opportunity: Substantial Rental Upside
  • Ample Garage & Surface Parking | Shared Yards & Security Doors
  • Excellent Location Just North of Historic French Park & Vibrant Downtown Santa Ana
  • In Close Proximity to Santa Ana's Top Attractions Including the Discovery Cube, 4th Street Market, & the Bowers Museum
  • Within 1 Mile of MainPlace Mall, a Shopping Mall that is Currently Being Heavily Renovated to Include Additional Residential, Commercial, & Hotel Space
  • Positioned 1.20 Miles from Santa Ana College, the 3rd Top Employer in the City with More Than 3,500 Employees Per Santa Ana's 2021 Annual Comprehensive Financial Report
  • In Close Proximity to Interstate 5 Provides Easy Access to Major Employment Hubs in Orange & Los Angeles Counties

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1724 North Spurgeon Street, a 5-unit multifamily investment property located in Santa Ana, California. The property offers a diverse mix of 3, one-bedroom, 1, two-bedroom, and 1, three-bedroom units with security doors, shared yards, and security doors. 1724 North Spurgeon Street is situated in an optimal Santa Ana location, just north of Historic French Park and Downtown Santa Ana. The property is in close proximity to Santa Ana’s top attractions including the Discovery Cube, 4th Street Market, and the Bowers Museum. Additionally, 1724 North Spurgeon Street is located within 1 mile of MainPlace Mall, a shopping mall that is currently being renovated to include additional residential, commercial, and hotel space. Furthermore, 1724 North Spurgeon Street is 1.20 miles from Santa Ana College, the 3rd top employer in the city with more than 3,500 employees per Santa Ana’s 2023 Annual Comprehensive Financial Report. The property’s close proximity to Interstate 5 provides residents with easy access to major employment hubs throughout Orange and Los Angeles Counties. Given its optimal Santa Ana location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 1724 North Spurgeon Street.

Exclusively Listed By

Financing By

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