415 W Pine St - Apartments FOR SALE


Santa Ana, CA 92701- Heninger Park
$1,950,000 USD
949-573-5309
415 W Pine St, Santa Ana, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/23
null | 6.6% Cap Rate

415 W Pine St
Santa Ana, CA 92701
Heninger Park


HIGHLIGHTS

  • Highest Cap Rate on Market in Orange County
  • 6.5% Cap rate on current rents
  • Potential for 65% LTV; 6.9% Cash on Cash
  • Turnkey Asset

OVERVIEW

HIGHEST CAP RATE ON THE MARKET IN ORANGE COUNTY. 6 Units in PRIME Santa Ana. Located walking distance from multiple schools, parks, OC Civic Center and Historic Downtown Santa Ana! The Pine Apartments offer an investor STRONG in place cashflow, low maintenance renovated property condition, and low expense operations. All new tenants are on RUBS program, generating extra cashflow. The building contains one and two bedroom floor plans, including cottage style units with no shared walls. Other amenities include: washer/dryer hookups, AC and Heating, Garage and Reserved parking, large private patios, dual pane windows, brand new kitchens and bathrooms, vinyl flooring, and private front and rear entries. The buildings also has a massive basement that is currently unused and unrented!

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

6

PRICE/UNIT

$325,000

CAP RATE

6.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

SD-40, Santa Ana

APN/PARCEL ID

398-281-10

ASK ABOUT THIS PROPERTY

Randall MycornR.L.M. EquitiesMore Info
949-573-5309

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Randall MycornR.L.M. EquitiesMore Info
949-573-5309

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