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1210--1214 S Pacific Ave

Santa Ana, CA 92704
  • $4,590,000
  • STATUS: Active
  • ON SITE: 54 Days
  • ID#: 22-149853
Price Reduced
UPDATED: 47 min ago
$4,590,000
  • 16
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,396
    SQFT
  • $547
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Description

There is an assumable loan of $2,450,000 at 3.35% with 6 years left. 2 years left of interest only. High Cash Flow Deal. We are pleased to present The Pacific Avenue Apartments located at 1210-1214 South Pacific Ave in Santa Ana, Orange County boasting one of the strongest rental markets in Southern California. The property offers a unit mix consisting of (16) one-bedroom/ one-bathroom units totaling 8,396 square feet, situated over two parcels. The subject property has recently gone through extensive interior and exterior renovations. Some upgrades include but are not limited to new flooring, new kitchens, updated bathrooms, new asphalt and new electric. Common area amenities include a large courtyard, gated access, ample on-site parking, and an on-site, building-owned laundry facility. This offering represents a strong opportunity for an investor to achieve roughly 16% upside in rents while owning a turn key investment. Low expenses, quality tenants, and high rents make this a very desirable property.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-24T21:43:02.837. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.brandiprattrealestate.com/homes/128233688
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1210--1214 S Pacific Ave Santa Ana, CA 92704

  • Price: $4,590,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 47 min ago
  • ID#: 22-149853
16
Beds
0
Baths
0
½ Baths
0.48
Acres
8,396
SQFT
$547
$/SQFT
1957
Built
Neighborhood:
Santa Ana South Of First
County:
Orange
Area:
Santa Ana South Of First
Property Description
There is an assumable loan of $2,450,000 at 3.35% with 6 years left. 2 years left of interest only. High Cash Flow Deal. We are pleased to present The Pacific Avenue Apartments located at 1210-1214 South Pacific Ave in Santa Ana, Orange County boasting one of the strongest rental markets in Southern California. The property offers a unit mix consisting of (16) one-bedroom/ one-bathroom units totaling 8,396 square feet, situated over two parcels. The subject property has recently gone through extensive interior and exterior renovations. Some upgrades include but are not limited to new flooring, new kitchens, updated bathrooms, new asphalt and new electric. Common area amenities include a large courtyard, gated access, ample on-site parking, and an on-site, building-owned laundry facility. This offering represents a strong opportunity for an investor to achieve roughly 16% upside in rents while owning a turn key investment. Low expenses, quality tenants, and high rents make this a very desirable property.
Exterior Features

Lot Size Area 13940 Other Structures None Parking Garage Uncovered Total Parking 16

Interior Features

Baths Total 16.00 Cooling None Equipment None Heating Wall

Property Features

Gross Income 313867 Gross Operating Income 308051 Like Units1 16 Net Operating Income 196223.00 Number Of Buildings 2 Number Of Units 16 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 111829 Type Of Units Apartments Year Built Source Vendor Enhanced

Listing provided courtesy of Jonathan Weir DRE#02038545 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-24T21:43:02.837. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583