1027 N Parton St - Apartments FOR SALE


Santa Ana, CA 92701- Willard
$2,200,000 USD
714-616-0689
1027 N Parton St, Santa Ana, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/7
null | 3.29% Cap Rate

1027 N Parton St
Santa Ana, CA 92701
Willard


HIGHLIGHTS

  • Spacious One- & Two-Bedroom Units (Avg. 867 SF)
  • Significant Upside to a Market Cap of 7.31%
  • Located in an Opportunity Zone
  • Recent Capital Improvements Including Updated Flooring in Select Units, SB 721 Balcony Inspection Completed & Passed and New Roof & Windows Installed
  • On-Site Laundry Room, Individually Metered for Gas & Electric & Excellent Parking with (9) Garage Spaces & Open Spaces
  • Strong Central Orange County Location - Near Major Thoroughfares Including N. Flower St. & W. Washington Ave. and Minutes From the 5 Freeway

OVERVIEW

Opportunity to acquire a 9-unit multifamily asset in central Orange County, featuring spacious one- and two-bedroom units averaging 867 SF. With rents resettable to market upon vacancy under Santa Ana Rent Control, the property is positioned to exceed a 7% market cap rate. Located in an Opportunity Zone with recent capital improvements including a new roof, updated windows, and a passed SB 721 inspection. Community amenities include on-site laundry and 9 garage spaces. Conveniently located near the 5 Freeway, N. Flower St., and W. Washington Ave.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

9

PRICE/UNIT

$244,444

CAP RATE

3.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,945 SF

ZONING

-

APN/PARCEL ID

398-533-01

ASK ABOUT THIS PROPERTY

714-616-0689

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

714-616-0689

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.