Address
1013 S Standard Avenue Santa Ana, CA
Price
$ 5,590,000
Property Attributes
- MLS#OC21048187
- TypePending
- CountyORANGE
- CitySanta Ana
- Zip92701
- Style
- Price$ 5,590,000
- Bedrooms24
- Full Bathrooms24
- Half Bathrooms0
- Lot Size0.36 Acres
Listing Provided Courtesy Of:
Greg Bassirpou with Marcus & Millichap RE Invest.
Data Source:
CRMLS
Property Description
The Standard Avenue Apartments are 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 1958, the subject property offers a unit mix consisting of (24) one-bedroom/ one-bathroom units totaling 14,776 square feet, situated over two parcels totaling 15,764 square feet. The subject property has recently gone through an extensive exterior renovation and partial interior renovations. Some upgrades include but are not limited to new flooring, new kitchens, updated bathrooms, new roofs, new windows, new asphalt, new electric, and fresh interior and exterior paint. Common area amenities include a large courtyard, gated access, ample on-site parking, and a on-site, building-owned laundry facility. This offering represents a rare opportunity for an investor to achieve a 5% CAP Rate and 10.4% Cash-on-Cash/Total Return on current income for a stable, turnkey investment property in the desirable rental market of Santa Ana, California.
| Price History | |
|---|---|
| 3/8/2021 | Listed $5,590,000 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| Community Features | Storm Drain(s), Street Lights, Sidewalks |
| Levels | Two |
| MLS Area | 699 - Not Defined |
| Pool Features | None |
| Property Type | Residential Income |
| Sewer | Public Sewer |
| Terms | Cash, Cash to New Loan, Conventional, 1031 Exchange |
| Total Units | 24 |
| Water Sewer Expense | 6250 |
Interior Features
| Common Walls | No Common Walls |
|---|---|
| Laundry Features | Common Area |
Exterior Features
| Lot Features | Landscaped, Near Public Transit |
|---|---|
| Lot Size Acres | 0.36 |
| Lot Size Area | 15764 |
| Lot Size Square Feet | 15764 |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
| Number of Separate Electric Meters | 24 |
| Number of Separate Gas Meters | 24 |
| Number of Separate Water Meters | 2 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 92701
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 14, 2021 1:08 PM UTC 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.
