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Multifamily

1110-1114 S Pacific Ave

1110-1114 S Pacific Ave, Santa Ana, CA 92704

Listing Price: $3,100,000

Cap Rate
5.46%
Number of Units
16
GRM
10.40
Price/Unit
$193,750
Price/Gross SF
$369.05
Gross SF
8,400

Investment Overview

Marcus & Millichap is pleased to present to market 1110-1114 South Pacific Avenue in Santa Ana, California. This pride-of-ownership offering consists of two well-maintained eight-unit apartment buildings on contiguous parcels. The buildings offer all one-bedroom/one-bath units, on-site laundry, ample surface parking in the rear, and a large fenced courtyard.

1110-1114 South Pacific Avenue is located near the intersection of McFadden Avenue and Bristol Street, within easy walking distance of a major grocery store and dining options, one block from an elementary school, and a half-mile to Mater Dei High School.

Current rents offer a new investor 19 percent rental upside, making this a great opportunity for any investor looking to acquire a desirable asset in a strong Orange County rental location.

Investment Highlights

  • Pride-of-Ownership Asset Consisting of Two Eight-Unit Apartment Buildings on Contiguous Parcels
  • All One-Bed/One-Bath Units
  • Property Features On-Site Laundry, Ample Surface Parking, a Fenced Courtyard, and More
  • 19 Percent Rental Upside
  • Strong Rental Location One Block From an Elementary School, Walkable to a Grocery Store and Dining Options, and a Half-Mile to Mater Dei High School

Exclusively Listed By

Multifamily

1110-1114 S Pacific Ave

Listing Price: $3,100,000

Cap Rate
5.46%
Number of Units
16
GRM
10.40
Price/Unit
$193,750
Price/Gross SF
$369.05
Gross SF
8,400

Investment Highlights

  • Pride-of-Ownership Asset Consisting of Two Eight-Unit Apartment Buildings on Contiguous Parcels
  • All One-Bed/One-Bath Units
  • Property Features On-Site Laundry, Ample Surface Parking, a Fenced Courtyard, and More
  • 19 Percent Rental Upside
  • Strong Rental Location One Block From an Elementary School, Walkable to a Grocery Store and Dining Options, and a Half-Mile to Mater Dei High School

Investment Overview

Marcus & Millichap is pleased to present to market 1110-1114 South Pacific Avenue in Santa Ana, California. This pride-of-ownership offering consists of two well-maintained eight-unit apartment buildings on contiguous parcels. The buildings offer all one-bedroom/one-bath units, on-site laundry, ample surface parking in the rear, and a large fenced courtyard. 1110-1114 South Pacific Avenue is located near the intersection of McFadden Avenue and Bristol Street, within easy walking distance of a major grocery store and dining options, one block from an elementary school, and a half-mile to Mater Dei High School. Current rents offer a new investor 19 percent rental upside, making this a great opportunity for any investor looking to acquire a desirable asset in a strong Orange County rental location.

Exclusively Listed By

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