Request More Info
Schedule a Showing
Share
Print
|
Exceptional investment opportunity to acquire a turn-key, fully stabilized multifamily asset in high-demand Santa Ana. Delivering an in-place cap rate over 6.6%, this property stands out as one of the strongest cash-flowing multifamily deals available in Orange County. The building features predominantly spacious 2-bedroom floor plans, perfectly positioned to attract and retain long-term tenants in today's tight rental market. Extensive recent capital improvements offer low maintenance operations, including brand-new plumbing (hot/cold water, gas, and sewer), permitted dual-pane windows, SB 721 compliance with a fully permitted deck rebuild, updated kitchens and bathrooms, recessed lighting, and modern flooring throughout. These high-end systems and updated construction drastically reduce near-term CapEx while keeping operating expenses low. Located just minutes from vibrant Downtown Santa Ana, the Civic Center, Bowers Museum, and Main Place Mall, tenants enjoy seamless access to premier dining, shopping, and cultural hubs. Residents will appreciate quick access to I-5 via 17th Street, along with proximity to the new OC Streetcar transit line connecting Santa Ana to Garden Grove. With all units currently leased at strong market rates, this low-maintenance asset delivers immediate, reliable income from day one.
Property Type(s):
Residential Income
| Last Updated | 9/12/2026 | Year Built | 1982 |
|---|---|---|---|
| Community | 699 - Not Defined | Garage Spaces | 6.0 |
| County | Orange |
Additional Details
| AREA | 699 - Not Defined |
|---|---|
| GARAGE | Yes |
| LOT | 9261 sq ft |
| LOT DIMENSIONS | 9259 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with R L M Equities
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email