409 E Pine Street, Santa Ana, CA 92701
- $2,975,000
- List Price
- $2,975,000
- Status
- ACTIVE
- MLS#
- PW26219394
- Year Built
- 1983
- Lot Size
- 14,000
- Acres
- 0.32
- Lot Location
- 36-40 Units/Acre, Landscaped, Rectangular Lot
- Days on Market
- 1
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Henninger Park/Eastside
Property Description
409-415 E. Pine Street is a 12-unit multifamily property located in Santa Ana, CA, offering investors an opportunity to acquire a well-located Orange County asset. Built in 1983, the property consists of two contiguous parcels totaling 8,628 square feet of rentable area situated on a 14,000 square foot lot. The community features a desirable unit mix of four 1BR/1BA units and eight 2BR/1BA units, along with amenities including on-site laundry, gated entry, individual water heaters, and patios/balconies in select units. Recent capital improvements include roof restoration, HVAC replacements, water heater replacement, and interior updates to select units. The property is offered at a 6% CAP Rate on current income with 25% rental upside, providing investors with additional growth potential through continued upgrades, turnover, and rent increases.
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Additional Information
- Taxes
- $33,305
- Appliances
- Electric Range, Gas Range, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Exterior Construction
- Frame, Stucco, Wood Siding
- Roof
- Composition, Flat, Spanish Tile
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony
- Attached Structure
- Attached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $270,818
- Operating Expense
- 84846
Listing courtesy of Listing Agent: Garrett Blair (gb@morganskenderian.com) from Listing Office: Morgan Skenderian.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.