1110 S Pacific Ave - Apartments FOR SALE


Santa Ana, CA 92704- Mid-City
$3,100,000 USD
424-405-3826
1110 S Pacific Ave, Santa Ana, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/8
null | 5.46% Cap Rate

1110 S Pacific Ave
Santa Ana, CA 92704
Mid-City


HIGHLIGHTS

  • Pride-of-Ownership Asset Consisting of Two Eight-Unit Apartment Buildings on Contiguous Parcels
  • All One-Bed/One-Bath Units
  • P:roperty Features On-Site Laundry, Ample Surface Parking, a Fenced Courtyard, and More
  • 19 Percent Rental Upside
  • Strong Rental Location One Block From an Elementary School, Walkable to a Grocery Store and Dining Options, and a Half-Mile to Mater Dei High School

OVERVIEW

Marcus & Millichap is pleased to present to market 1110-1114 South Pacific Avenue in Santa Ana, California. This pride-of-ownership offering consists of two well-maintained eight-unit apartment buildings on contiguous parcels. The buildings offer all one-bedroom/one-bath units, on-site laundry, ample surface parking in the rear, and a large fenced courtyard. 1110-1114 South Pacific Avenue is located near the intersection of McFadden Avenue and Bristol Street, within easy walking distance of a major grocery store and dining options, one block from an elementary school, and a half-mile to Mater Dei High School. Current rents offer a new investor 19 percent rental upside, making this a great opportunity for any investor looking to acquire a desirable asset in a strong Orange County rental location.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

16

PRICE/UNIT

$193,750

CAP RATE

5.46%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,177 SF

ZONING

R3, Santa Ana

APN/PARCEL ID

109-411-03,109-411-04

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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