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Multifamily

Pacific Avenue Apartments

1210 S Pacific Ave, Santa Ana, CA 92704

Listing Price: $3,650,000

Cap Rate
5.00%
Number of Units
16
Price/Unit
$228,125
Price/Gross SF
$434.73
Gross SF
8,396

Investment Overview

The Bassirpou Group of Marcus & Millichap is pleased to present The Pacific Avenue Apartments located at 1210-1214 South Pacific Avenue in Santa Ana, 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 rare opportunity for an investor to achieve a 5% CAP Rate and 10.4% Cash-on-Cash/Total Return on current income for a stable, turn-key investment property in the desirable rental market of Santa Ana, California.

Investment Highlights

  • 5% CAP Rate and 10.4% Cash-on-Cash/Total Return on Current Income
  • Attractive Financing with 25% Down Payment
  • Over $250K in Recent Extensive Interior & Exterior Renovations
  • Some Upgrades Include New Kitchens/Bathrooms, Windows, Asphalt, & Electric
  • Ample On-Site Parking
  • Close to Schools, Freeways, Retail, Employment, & Entertainment
  • Building-Owned On-Site Laundry Facility
  • Property Situated Over Two Parcels

Exclusively Listed By

Multifamily

Pacific Avenue Apartments

Listing Price: $3,650,000

Cap Rate
5.00%
Number of Units
16
Price/Unit
$228,125
Price/Gross SF
$434.73
Gross SF
8,396

Investment Highlights

  • 5% CAP Rate and 10.4% Cash-on-Cash/Total Return on Current Income
  • Attractive Financing with 25% Down Payment
  • Over $250K in Recent Extensive Interior & Exterior Renovations
  • Some Upgrades Include New Kitchens/Bathrooms, Windows, Asphalt, & Electric
  • Ample On-Site Parking
  • Close to Schools, Freeways, Retail, Employment, & Entertainment
  • Building-Owned On-Site Laundry Facility
  • Property Situated Over Two Parcels

Investment Overview

The Bassirpou Group of Marcus & Millichap is pleased to present The Pacific Avenue Apartments located at 1210-1214 South Pacific Avenue in Santa Ana, 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 rare opportunity for an investor to achieve a 5% CAP Rate and 10.4% Cash-on-Cash/Total Return on current income for a stable, turn-key investment property in the desirable rental market of Santa Ana, California.

Exclusively Listed By

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