Address
1210 1214 S Pacific Avenue Santa Ana, CA
Price
$ 3,650,000
Property Attributes
  • MLS#OC21070501
  • TypePending
  • CountyORANGE
  • CitySanta Ana
  • Zip92704
  • Style
  • Price$ 3,650,000
  • Bedrooms16
  • Full Bathrooms16
  • Half Bathrooms0
  • Sqr Footage8396
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Greg Bassirpou with Marcus & Millichap RE Invest.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

The Pacific Avenue Apartments are located at 1210-1214 South Pacific Avenue in Santa Ana, 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 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, turn-key investment property in the desirable rental market of Santa Ana, California.

Price History
4/5/2021 Listed $3,650,000

General Features

Additional Parcels Description 10941204
Additional Parcels Y/N Yes
Community Features Street Lights, Sidewalks
Levels Two
Listing Agent Greg Bassirpou - BRE#01365951
Listing Agent State License 01365951
MLS Area 699 - Not Defined
Pool Features None
Property Type Residential Income
Sewer Public Sewer
Special Listing Conditions Standard
Status Pending
Stories 2
Terms Cash, Cash to New Loan, 1031 Exchange
Total Units 16
Water Sewer Expense 7079

Interior Features

Common Walls No Common Walls
Laundry Features Common Area

Exterior Features

Lot Features Landscaped, Near Public Transit
Lot Size Acres 0.32
Lot Size Area 13981
Lot Size Square Feet 13981
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 2
Number of Separate Gas Meters 2
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
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 92704

Price
AVG $700K
$3.65M
Visits
AVG 53
54
Year Built
AVG 1968
1957
Walkscore
AVG 66
77
Data Provided by Walkscore ® not using MLS data