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1210 -1214 S Pacific Avenue

Santa Ana, CA 92704
  • $4,625,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: 22149853
Price Reduced
$4,625,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Jonathan Weir of Marcus & Millichap (424-405-3900)


Description

We are pleased to present The Pacific Avenue Apartments located at 1210-1214 South Pacific Ave in Santa Ana, Orange County boasting 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 strong opportunity for an investor to achieve roughly 16% upside in rents while owning a turn key investment. Low expenses, quality tenants, and high rents make this a very desirable property.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T00:28:42.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128234427
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1210 -1214 S Pacific Avenue Santa Ana, CA 92704

  • Price: $4,625,000
  • Status: Active
  • On Site: 23 Days
  • ID#: 22149853
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1957
Built
Neighborhood:
69 - Santa Ana South of First
County:
Orange
Area:
69 - Santa Ana South of First
Property Description
We are pleased to present The Pacific Avenue Apartments located at 1210-1214 South Pacific Ave in Santa Ana, Orange County boasting 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 strong opportunity for an investor to achieve roughly 16% upside in rents while owning a turn key investment. Low expenses, quality tenants, and high rents make this a very desirable property.
Exterior Features

Parking Features Uncovered Parking Total 16

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Association Fee 0 Gross Income 313867 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 194823 New Construction YN No Senior Community YN No Special Listing Conditions Standard



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T00:28:42.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Jonathan Weir of Marcus & Millichap (424-405-3900)