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.
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