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$ 2,100,000
Est. payment | /mo
1 Bed
1 Bath
7,303 Sqft Lot
$ 2,100,000
Est. payment | /mo
1 Bed
1 Bath
7,303 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26222716
Bedrooms 1
Lot Size 7,303 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Public Rec
Direction North of McFadden Ave and east of Standard Ave.
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 01125116
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Rick Applebaum, DRE#01273871 Morgan Skenderian
Co-listed byGarrett Blair • Morgan Skenderian
Co-listed byGarrett Blair • Morgan Skenderian
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