549 N Tustin Ave - Apartments FOR SALE


Santa Ana, CA 92705
$2,540,000 USD
562-269-4844
549 N Tustin Ave, Santa Ana, CA for Sale
$2,540,000 USD
Apartments - FOR SALE
1/12
null | 5.62% Cap Rate

549 N Tustin Ave
Santa Ana, CA 92705


HIGHLIGHTS

  • Well-maintained building in charming, gated community
  • Off-street parking for every unit
  • Community includes a swimming pool, play area and on-site laundry
  • Convenient location close to 5 & 55 freeways
  • HOA handles all management and maintenance

OVERVIEW

549 N Tustin Ave. #32 is excellent opportunity to acquire a 10-unit multifamily building on the border of Santa Ana and Tustin. Located at 549 N Tustin Ave, this multifamily asset was built in 1976. It offers ten large and well maintained 1 bedroom + 1 bathroom units. The building boasts a total of 7,040 gross rentable square feet and is part of a community of 35 similar buildings. The complex is managed by an HOA which staffs an on-site management office. Gated access, two pool areas, a large playground, off-street parking and on-site laundry facilities make the property particularly appealing for renters and landlords. The property conveniently located right on the border of Santa Ana and Tustin with onramps to both the 55 and 5 freeways a couple of minutes away. The property is walking distance to Subway Restaurant, Country Café, Noodle Place and more. Just to the North of the property are multiple hospitals and medical clinics offering convenient care and job opportunities. Sports fans will find the location particularly appealing due to its convenient location about fifteen minutes by car to The Honda Center and Angel Stadium. For the right investor, this multifamily asset represents a the perfect opportunity to generate years of steady cash flow with minimal management or maintenance responsibilities. With the HOA handling management, maintenance and leasing this is the perfect passive investment for an owner who is looking for a completely hands-off ownership experience. As units turn over, the upside in rental income will be easily achievable.

FOR SALE DETAILS

PRICE

$2,540,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

10

PRICE/UNIT

$254,000

CAP RATE

5.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

#32

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

10

LAND DETAILS

LAND ACRES

8.45 AC

LAND SF

368,163 SF

ZONING

R1, Santa Ana

APN/PARCEL ID

400-021-10

ASK ABOUT THIS PROPERTY

Michael AlperCentennial AdvisersMore Info
562-269-4844

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Michael AlperCentennial AdvisersMore Info
562-269-4844

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