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Listed by Garrett Blair, DRE #02026908 • Morgan Skenderian
$ 2,975,000
Est. payment /mo
Active
409 E Pine ST Santa Ana, CA 92701
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26219394
Style Traditional
Year Built 1983
Lot Size 0.321 Acres
Source California Regional MLS
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.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Kitchen Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry In Laundry Room, Laundry Area, Washer/Dryer - Owned
Exterior
Parking Features Assigned Spaces, Carport , Common Parking - Shared, Other
Garage Spaces 12.0
Pool 31, None
View None
Roof Type Flat / Low Pitch,Tile,Composition
Building
Foundation Concrete Slab
Water Hot Water, District - Public
Architectural Style Traditional
Others
Tax ID 40408609
Special Listing Condition Not Applicable
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