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Listed by Rick Applebaum, DRE #01273871 • Morgan Skenderian
$ 2,100,000
Est. payment /mo
Active
1109 S Standard AVE Santa Ana, CA 92701
7,303 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26222716
Style Traditional
Year Built 1958
Lot Size 7,303 Sqft
Source California Regional MLS
Property Description
1109 S. Standard Avenue is a 10-unit multifamily investment property located on a major thoroughfare in Santa Ana, CA. Constructed with 6,004 net rentable square feet on a 7,303 square foot lot, the asset features a uniform unit mix of ten 1-bedroom / 1-bathroom units, on-site laundry facilities, and 10 open parking spaces. Current ownership has recently completed several capital improvement projects including SB 721 compliance, deck repairs and railing replacements, new windows, new water heater, and new exterior paint, improving curb appeal and helping to minimize near-term capital expenditures. Situated directly next door to Gerardo Mouet Park, offering tenants basketball courts, a skate park, a playground, and exercise areas, the property provides immediate access to community amenities. Held by long-term ownership with a motivated seller, the property is offered at a discounted purchase price due to low current rents, presenting a compelling value-add opportunity with a 62% projected rental upside.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Kitchen Oven Range - Gas
Interior
Heating Wall Furnace
Laundry In Laundry Room, Laundry Area, Washer/Dryer - Owned
Exterior
Parking Features Off-Street Parking, Other, Parking Area
Garage Spaces 10.0
Pool 31, None
View Greenbelt, Local/Neighborhood
Roof Type Composition
Building
Water Hot Water, District - Public
Architectural Style Traditional
Others
Tax ID 01125116
Special Listing Condition Not Applicable
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