817 N Parton St - Apartments FOR SALE


Santa Ana, CA 92701- Willard
$4,000,000 USD
949-500-5099
817 N Parton St, Santa Ana, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/12
null | 5.5% Cap Rate

817 N Parton St
Santa Ana, CA 92701
Willard


HIGHLIGHTS

  • Great Unit Mix of 1 & 2 Bedrooms
  • Priced at $222,222/Unit
  • Projected 43% in Rental Upside and a 9.2% Cap Rate on Market Rents
  • 12 Unit & 6 Unit Property on Two Seperate Parcels
  • Total of 32 Parking Spots Comprised of Garages, Carports & Open Spaces
  • Incredible Rental Location Across from Santa Ana Civic Center. Minutes to Downtown Santa Ana Historical District

OVERVIEW

Morgan Skenderian, Inc., is pleased to present 817 N. Parton Street and 814 N. Van Ness Avenue. These two multifamily investment opportunities are located in the heart of Santa Ana and are directly across from the bustling Santa Ana Civic Center and just minutes from the vibrant Downtown Santa Ana Historical District. This exceptional real estate offering features a desirable unit mix of one- and two-bedroom apartments, spread across two separate parcels comprising a 12-unit and a 6-unit property. Some of the property amenities include onsite laundry facilities, wall A/C and patios/balconies(for select units). The ample parking options, including a total of 32 parking spots with garages, carports, and open spaces, provide added convenience for tenants. With a projected 43% rental upside and an impressive 9.2% CAP rate on market rents, this property is an investor's dream. This incredible rental location is perfectly poised to attract a diverse tenant base,ensuring steady income potential. Don't miss out on this rare chance to acquire a highperforming asset in a sought-after area.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

18

PRICE/UNIT

$222,222

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

P

APN/PARCEL ID

005-143-10,005-143-28

ASK ABOUT THIS PROPERTY

Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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