819 W Washington Ave - Apartments FOR SALE


Santa Ana, CA 92706- Willard
$5,850,000 USD
657-567-3980
819 W Washington Ave, Santa Ana, CA for Sale
$5,850,000 USD
Apartments - FOR SALE
1/7
null | 5.63% Cap Rate

819 W Washington Ave
Santa Ana, CA 92706
Willard


HIGHLIGHTS

  • Golden Terrace Apartments, 819 Washington Avenue, is a stabilized, 20-unit multifamily at 100% occupancy to provide immediate cash flow.
  • $1 million in capital improvements made to the common areas, exterior, and roof in the last 5 years, with mostly fully or partially renovated units.
  • Prime location less than a mile from Downtown Santa Ana with an upcoming OC Streetcar opening in 2026 to enhance connectivity and renter appeal.
  • Immediate access to major freeways, including Interstate 5, SR 22, and SR 55, connecting residents to job centers in Irvine, Anaheim, and Los Angeles.
  • Benefits from well-targeted tenant demographics, as approximately 60% of housing occupants within a 3-mile radius are renters.
  • Situated on a valuable 0.25-acre lot at the corner of N Flower Street and W Washington Avenue, which sees over 24,000 vehicles pass daily.

OVERVIEW

SRS Capital Markets presents this exclusive investment opportunity to acquire a fully leased, stabilized multifamily asset. The Golden Terrace Apartments is a 15,760-square-foot multifamily building comprising 20 units on a highly visible 0.25-acre corner lot. Currently 100% occupied, investors will enjoy stable, in-place income with minimized capital expenditures due to recent updates. Ownership has invested approximately $1 million over the past five years in improving the common areas, exterior, and roof, as well as completely or partially renovating most of the units. The apartment building also features a convenient parking garage, a rare advantage in this sought-after infill location. Located at 819 Washington Avenue, this is an attractive destination for renters with Downtown Santa Ana less than a mile away and excellent transport links that streamline access throughout Orange County. With its proximity to Interstate 5, SR 22, and SR 55, residents are connected to dense employment centers in Irvine, Anaheim, and Los Angeles. Additionally, John Wayne Airport is within a 15-minute drive from the site. An upcoming OC Streetcar is scheduled to be operational in 2026, which will run through Downtown Santa Ana and significantly expand accessibility.

FOR SALE DETAILS

PRICE

$5,850,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

20

PRICE/UNIT

$292,500

CAP RATE

5.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R3

APN/PARCEL ID

398-581-09

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
657-567-3980

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Patrick LutherSRS National Net LeaseMore Info
657-567-3980

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