120 E Pine St - Apartments FOR SALE


Santa Ana, CA 92701- Eastside
$3,850,000 USD
949-683-6662
120 E Pine St, Santa Ana, CA for Sale
$3,850,000 USD
Apartments - FOR SALE
1/17
null | 6.02% Cap Rate

120 E Pine St
Santa Ana, CA 92701
Eastside


HIGHLIGHTS

  • Gated Complex - PRIDE OF OWNERSHIP 1971 Construction With Copper Plumbing - Great Unit Mix With Patios & Balconies
  • NEW IN 2025: Stucco & Paint, Windows, Landscaping! Most Of The Units Have Been upgraded!
  • Corner (Huge) Lot - Great Rental Area - 100% Occupied - On Site Laundry Room (Owned)
  • All Electric Building (Tenants Responsibility) - NO GAS!
  • Plenty Of Parking - Carports For All Units
  • Roof Is About 10 Years Old

OVERVIEW

Alliance Investment Real Estate Group, as the exclusive listing agent, is pleased to present the Pine Apartments consisting of 14 Units (with patios & balconies) in a high demand rental area of Santa Ana. This is a PRIDE OF OWNERSHIP property that is always 100% occupied with strong rents in place and additional rental upside for a new investor to take advantage of. This property is individually metered for Electric (tenants responsibility) and has NO GAS. The roof is approximately 10 years old with ample parking - plenty of carports and street parking available. Property has an on-site laundry room that is owned and has copper plumbing. Majority of the units have been upgraded. NEW IN 2025: Stucco, Paint, Windows, and Landscaping! This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow! Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence. NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE SPEAKING WITH THE LISTING OFFICE FIRST!!! PLEASE DO NOT WALK ONTO THE PROPERTY OR TALK TO ANY OF THE TENANTS SINCE THEY ARE NOT AWARE THIS PROPERTY IS FOR SALE. THANK YOU.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$495 USD /SF

# OF UNITS

14

PRICE/UNIT

$275,000

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R3, Santa Ana

APN/PARCEL ID

404-096-10

ASK ABOUT THIS PROPERTY

Ruben KhorsandiAlliance Investment Real Estate GroupMore Info
949-683-6662

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Ruben KhorsandiAlliance Investment Real Estate GroupMore Info
949-683-6662

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