311-313 E Pine St - Apartments FOR SALE


Santa Ana, CA 92701- Eastside
$7,500,000 USD
562-225-3811
311-313 E Pine St, Santa Ana, CA for Sale
$7,500,000 USD
Apartments - FOR SALE
1/29
null | 5.76% Cap Rate

311-313 E Pine St
Santa Ana, CA 92701
Eastside


HIGHLIGHTS

  • PRIME LOCATION IN SANTA ANA
  • STRONG RENTAL UPSIDE
  • WELL-MAINTAINED ASSET
  • HIGH DEMAND SUBMARKET
  • DIVERSE UNIT MIX
  • STRONG CASH FLOW POTENTIAL

OVERVIEW

This well-maintained property consists of 19 spacious townhouse-style units, predominantly 2-bedroom/2-bath and 3-bedroom/2-bath floorplans. Individual units range from approximately 1,100 to 1,500 sq. ft., situated on a generous 20,525 sq. ft. lot. Residents enjoy premium amenities that enhance livability and tenant appeal, including: -Private patios -Dual balconies -Secured entrance -Gated parking Prime Location & Outstanding Walkability: Located in the vibrant Eastside neighborhood of downtown Santa Ana, the property boasts an exceptional Walk Score of 94/100 (Walker's Paradise), meaning daily errands can be accomplished without a car. Residents are steps away from an abundance of shops, restaurants, entertainment, parks, and cultural attractions in the Historic District, including the Santa Ana Zoo, Yost Theater, Bowers Museum, and the lively Artist's Village. The location is especially attractive for families, with several quality elementary schools within easy walking distance in the Santa Ana Unified School District, including: -Wallace R. Davis Elementary -John Muir Fundamental Elementary -Greenville Fundamental Elementary Positioned near major employment centers, the Santa Ana Transit Center, and key transportation corridors (Interstate 5 and Interstate 55), the asset benefits from Santa Ana's ongoing revitalization and robust demand for quality multifamily housing in Orange County. The area continues to experience strong population growth, limited new supply in prime infill locations, and increasing renter preference for walkable, amenity-rich communities close to transit and urban conveniences. This rare 19-unit townhouse-style property offers investors a compelling opportunity in one of Orange County's most dynamic and high-demand submarkets—combining premium unit features, outstanding walkability, family-friendly appeal, and strong long-term market fundamentals.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

19

PRICE/UNIT

$394,737

CAP RATE

5.76%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Town Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

R3, Santa Ana

APN/PARCEL ID

404-093-19

ASK ABOUT THIS PROPERTY

Ryan RayburnCentennial AdvisersMore Info
562-225-3811

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Ryan RayburnCentennial AdvisersMore Info
562-225-3811

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