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Jim, Justin and Vickie, Sales Associate
SOLD
$2,150,000
Date 10/12/2023

1401 S Standard Avenue
Santa Ana, CA 92707

Apartment
Residence
6,589
Sqft
0.2337
Lot Size
Listing Agent: Greg Bassirpou CalDRE: 01365951 - Marcus & Millichap RE Invest

Description for 1401 S Standard Avenue Santa Ana, CA 92707

The Standard Avenue Apartments is a nine-unit apartment building 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 1961, the subject property offers an attractive unit mix comprised of three-, two-, and one-bedroom units totaling 6,589 square feet. Some amenities include gated entry, ample on-site parking, and an on-site laundry room. Some recent renovations and upgrades include new floors, new bathrooms, updated kitchens, and fresh paint throughout.This offering represents a rare opportunity for an investor to achieve a 6.05% CAP Rate and 5.76% Cash-on-Cash return, on current income, for a stable, turnkey investment property in the desirable rental market of Santa Ana, California. Additionally, The Standard Avenue Apartments are well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.

Property Details

OC23089123
Apartment, 2 Story
Orange
1961
0.2337 Acres
Public
2
Public Sewer
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Listing Agent: Greg Bassirpou CalDRE: 01365951 - Marcus & Millichap RE Invest
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Jim, Justin and Vickie Dean Stalter, Broker DRE# 00625377 - 30221 Golden Lantern Ste. A-B, Laguna Niguel, CA 92677 | Phone: (949) 464-8136 | Email: [email protected]

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