609 N Baker St - Apartments FOR SALE


Santa Ana, CA 92703- Flower Park
$3,700,000 USD
714-608-3255
609 N Baker St, Santa Ana, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/11
null | 6.38% Cap Rate

609 N Baker St
Santa Ana, CA 92703
Flower Park


HIGHLIGHTS

  • Rare Santa Ana Location Directly Next to Civic Center & Downtown
  • 6.38% CAP Rate and 6.81% Cash-on-Cash Return on Current Income
  • Attractive Unit Mix Consisting of 100% Single-Story Two-Bedroom Units / Recent Renovations and Upgrades of Interiors & Exterior Including New Roofs
  • On-Site Parking Including (12) Enclosed Garages / Building Owned, On-Site Laundry Facility / Individual Water Heaters
  • 25% Upside in Rents
  • Easy Access to Freeways and Close to Schools, Retail, Employment, & Entertainment

OVERVIEW

The Baker Street Apartments is a twelve-unit apartment building located in the City of Santa Ana, one of the strongest rental markets in Southern California. The City of Santa Ana is a historic city with a vibrant downtown located in Orange County. Built in 1953, the subject property offers an attractive unit mix comprised of 100% single-story two-bedroom/ one-bathroom units totaling 8,926 square feet. Some amenities include gated entry with a large courtyard, ample on-site parking with (12) enclosed garages, patios, and an on-site laundry room. Some recent renovations and upgrades of interiors and exterior have been made. This offering represents an opportunity for an investor to achieve a 6.38% CAP Rate and 6.81% Cash-on-Cash return, on current income, for a well-located and stable/turnkey investment property in the desirable rental market of Santa Ana, California. Additionally, The Baker Street Apartments are well suited to provide investors with strong returns and value appreciation over the long-term investment horizon. **Call/Email for Marketing Package**

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

12

PRICE/UNIT

$308,333

CAP RATE

6.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

R4

APN/PARCEL ID

405-082-20

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.