1236 W 2nd St - Apartments FOR SALE


Santa Ana, CA 92703- Flower Park
$1,195,000 USD
714-608-3255
1236 W 2nd St, Santa Ana, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/12
null | 4.79% Cap Rate

1236 W 2nd St
Santa Ana, CA 92703
Flower Park


HIGHLIGHTS

  • Unit Mix: (4) One-Bedroom/ One-Bathroom Units
  • 22% Upside in Rents
  • Secure Gated Entry & Ample On-Site Parking / Well-Maintained Property with Low Operating Expenses
  • Minutes Away From Downtown & Civic Center
  • On-Site Laundry Room / Individual Water Heaters & Separately Metered for Gas and Electricity
  • Easy Access to Freeways & Close to Schools, Retail, Employment, and Entertainment

OVERVIEW

We are pleased to present the Second Street Apartments, a well-maintained 4-unit multifamily asset located in the heart of Santa Ana, CA. The property consists of (4) 1-bedroom / 1-bathroom units, each offering functional layouts and desirable amenities for long-term tenants. Features include secure gated entry, on-site surface parking, on-site laundry room and low-maintenance landscaping – making this a turnkey investment for both seasoned and first-time multifamily buyers. Situated in the established Pico-Lowell neighborhood of Santa Ana, this property benefits from close proximity to major employment hubs, shopping centers, schools, and transportation corridors including the 5 and 55 Freeways. Santa Ana is one of Orange County’s most robust rental markets, fueled by a strong working-class tenant base, limited housing supply, and steady population growth. The city continues to see revitalization efforts, with new developments, infrastructure upgrades, and cultural attractions adding to its long-term investment appeal. This is a rare opportunity to acquire a stabilized, income-producing asset in a supply-constrained Orange County market – ideal for investors seeking dependable cash flow and long-term appreciation. **Call/Email for Marketing Package**

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

4

PRICE/UNIT

$298,750

CAP RATE

4.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,284 SF

ZONING

-

APN/PARCEL ID

008-131-05

ASK ABOUT THIS PROPERTY

Greg BassirpouMarcus & MillichapMore Info
714-608-3255

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Greg BassirpouMarcus & MillichapMore Info
714-608-3255

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