Multifamily

Southtown at Main

2140 S Main Street, Santa Ana, CA 92707

Listing Price: $14,300,000

Cap Rate
4.54%
Number of Units
48
Price/Unit
$297,917
Price/Gross SF
$295.09
Gross SF
48,459

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Southtown at Main, a mixed-use investment property consisting of 44 multifamily units and 4 retail suites located at 2140 South Main Street, Santa Ana, CA. Built in 1988, Southtown at Main offers a fantastic unit mix consisting of spacious studio, one-bedroom, and two-bedroom floor plans, which allow the property to appeal to a wider renter base. The property provides a wide range of amenities including controlled access with keypad entry, gated subterranean parking, an on-site manager's office, a business center, a fitness center, an elevator, and on-site laundry facilities. Since 2015, current ownership has invested nearly one-million dollars towards improving 30 of the 44 residential units, as well as the property's amenities and exterior (for a more detailed breakdown of renovations, please see OM). A continued renovation plan to complete the remaining units will help a future investor achieve market-level rents across all unit types.

Investment Highlights

  • A Rare Mixed-Use Investment Property Consisting of 44 Multifamily Units and 4 Retail Suites
  • The Property Offers a Variety of Unit Types, Ranging From Studios and Two-Bedroom Townhomes to Penthouse Units
  • Current Ownership has Invested Over $25,000 Per Unit in Renovations and Have Renovated 30 of the 44 Multifamily Units (See OM for More Details)
  • The Exterior and Common Areas Were Also Renovated with Upgrades Including the Addition of a Fitness Center, Facade Enhancement, and More (See OM for More Details)
  • Just Two Miles Away from Downtown Santa Ana and South Coast Plaza

Exclusively Listed By

Listing Price: $14,300,000

Cap Rate
4.54%
Number of Units
48
Price/Unit
$297,917
Price/Gross SF
$295.09
Gross SF
48,459

Investment Highlights

  • A Rare Mixed-Use Investment Property Consisting of 44 Multifamily Units and 4 Retail Suites
  • The Property Offers a Variety of Unit Types, Ranging From Studios and Two-Bedroom Townhomes to Penthouse Units
  • Current Ownership has Invested Over $25,000 Per Unit in Renovations and Have Renovated 30 of the 44 Multifamily Units (See OM for More Details)
  • The Exterior and Common Areas Were Also Renovated with Upgrades Including the Addition of a Fitness Center, Facade Enhancement, and More (See OM for More Details)
  • Just Two Miles Away from Downtown Santa Ana and South Coast Plaza

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Southtown at Main, a mixed-use investment property consisting of 44 multifamily units and 4 retail suites located at 2140 South Main Street, Santa Ana, CA. Built in 1988, Southtown at Main offers a fantastic unit mix consisting of spacious studio, one-bedroom, and two-bedroom floor plans, which allow the property to appeal to a wider renter base. The property provides a wide range of amenities including controlled access with keypad entry, gated subterranean parking, an on-site manager's office, a business center, a fitness center, an elevator, and on-site laundry facilities. Since 2015, current ownership has invested nearly one-million dollars towards improving 30 of the 44 residential units, as well as the property's amenities and exterior (for a more detailed breakdown of renovations, please see OM). A continued renovation plan to complete the remaining units will help a future investor achieve market-level rents across all unit types.

Exclusively Listed By

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