Multifamily

Riverine Apartments

Listing Price: $6,425,000

Cap Rate
4.65%
Number of Units
30
Price/Unit
$214,167
Price/Gross SF
$308.09
Gross SF
20,854

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Riverine Apartments, a 30-unit multifamily investment property located at 1001 Riverine Avenue, Santa Ana, CA. Built in 1982, Riverine Apartments consists of spacious studio units and offers amenities including on-site laundry, controlled access, security doors, private balconies, and gated covered parking. 16 units have recently undergone renovations including new flooring, cabinets, paint, quartz countertops, fixtures, and appliance packages. The property is within walking distance to Downtown Santa Ana and is in close proximity to the Interstate 5 and State Route 22 interchange, as well as Santa Ana Regional Transportation Center (SARTC) providing residents with easy access to nearby employment hubs.

Investment Highlights

  • A 30-Unit Multifamily Investment Property Located in Santa Ana
  • The Property Consists Exclusively of Studio Units
  • Amenities Include Controlled Access, Security Doors, Private Balconies, Gated Covered Parking, and On-Site Laundry
  • Most Units Have Recently Undergone Renovations Including New Flooring, Cabinets, Paint, Quartz Countertops, Fixtures, and Appliance Packages

Exclusively Listed By

Listing Price: $6,425,000

Cap Rate
4.65%
Number of Units
30
Price/Unit
$214,167
Price/Gross SF
$308.09
Gross SF
20,854

Investment Highlights

  • A 30-Unit Multifamily Investment Property Located in Santa Ana
  • The Property Consists Exclusively of Studio Units
  • Amenities Include Controlled Access, Security Doors, Private Balconies, Gated Covered Parking, and On-Site Laundry
  • Most Units Have Recently Undergone Renovations Including New Flooring, Cabinets, Paint, Quartz Countertops, Fixtures, and Appliance Packages

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Riverine Apartments, a 30-unit multifamily investment property located at 1001 Riverine Avenue, Santa Ana, CA. Built in 1982, Riverine Apartments consists of spacious studio units and offers amenities including on-site laundry, controlled access, security doors, private balconies, and gated covered parking. 16 units have recently undergone renovations including new flooring, cabinets, paint, quartz countertops, fixtures, and appliance packages. The property is within walking distance to Downtown Santa Ana and is in close proximity to the Interstate 5 and State Route 22 interchange, as well as Santa Ana Regional Transportation Center (SARTC) providing residents with easy access to nearby employment hubs.

Exclusively Listed By

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