1401 S Standard Ave - Apartments FOR SALE


Santa Ana, CA 92707- Cornerstone Village
$3,450,000 USD
949-202-7255
1401 S Standard Ave, Santa Ana, CA for Sale
$3,450,000 USD
Apartments - FOR SALE
1/8
null | 5.8% Cap Rate

1401 S Standard Ave
Santa Ana, CA 92707
Cornerstone Village


HIGHLIGHTS

  • Turnkey multifamily investment property
  • Strong unit mix of one-,two-, and three-bedroom floor plans.
  • $350,000 in recent capital improvements that significantly enhance property performance.
  • Extensive Renovations Completed: New roof, new windows, new electrical subpanels, new sub breakers, updated interiors, and more.
  • Strong Financial Performance: Current Annual Gross Income $285,000 | Current Cash-On-Cash 7.11%
  • Tenant-Favored Amenities: 11 open parking spaces, shared central courtyard, gated access, and on-site laundry facility.

OVERVIEW

Kirklen Investment Group is pleased to present 1401 S. Standard Avenue, a turnkey, high-cash-flow nine-unit multifamily asset located in Santa Ana’s desirable Cornerstone Village neighborhood. The property features a balanced mix of upgraded one-, two-, and three-bedroom floor plans designed for tenant appeal and long-term stability. Community amenities include gated access, a shared courtyard, on-site laundry, and individual parking. Current ownership has invested approximately $350,000 in renovations, including new roofs, windows, electrical subpanels, sub breakers, and seven fully remodeled units with new cabinets, quartz counters, LVP flooring, tile, and modern finishes. These improvements significantly reduce maintenance while enhancing durability and operational efficiency. The property generates $285,000 in annual gross income ($23,750 per month), reflecting a strong 12.11 GIM, with minimal management intensity and reliable cash flow in one of Orange County’s most consistently high-demand rental markets. Located less than two miles from Downtown Santa Ana and 4th Street Market, the property offers exceptional access to major employment, education, and lifestyle destinations. Residents benefit from proximity to South Coast Plaza, the Santa Ana Zoo, and the new OC Streetcar, along with quick connectivity via the I-5 and CA-55 freeways. 1401 S. Standard Avenue offers investors a stabilized, turnkey asset with immediate income and long-term appreciation potential in a resilient central Santa Ana corridor. *Drive-by only. Please do not walk the property or disturb the residents. To request the Offering Memorandum, contact the Listing Agent directly via email, phone, or text.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$524 USD /SF

# OF UNITS

9

PRICE/UNIT

$383,333

CAP RATE

5.8%

% 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

1961

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,180 SF

ZONING

-

APN/PARCEL ID

014-252-16

ASK ABOUT THIS PROPERTY

Justin ButlerKirklen Investment GroupMore Info
949-202-7255

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Justin ButlerKirklen Investment GroupMore Info
949-202-7255

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