9-Unit Apartment
New
For Sale
$2,200,000
Pending
1027 N Parton Street, Santa Ana, CA 92701
On-site laundry and garage parking complement a mix of one- and two-bedroom apartments.
Property Size7,800 SF
Days on Market4
Property Features for 1027 N Parton Street
General Information
Standard status
Pending
Size
7,800 SF
Total Parking Spaces
9
Property subtype
Residential Income
Site & Location
Neighborhood
Willard
Highway Access
Yes
Additional Details
Opportunity Zone
Yes
Multifamily Units
9
Amenities
on-site laundry
false
10
2
13
Assessor
8945
9
0.2053
Garage,Uncovered
7800
1
Building Details
Building Size
7,800 SF
Year Built
1959
Stories
2
Listing Agency:
CB Richard Ellis, Inc.
(949) 423-6111
Listed By:
Daniel Blackwell
Source:
Lmbenterprises
Added: Oct 29
Last Checked: Oct 29 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB Richard Ellis, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,800-square-foot apartment property contains 9 units, with one- and two-bedroom layouts averaging 867 SF. Residents have access to on-site laundry and 9 garage spaces. Improvements include a new roof and updated windows, and the property has passed an SB 721 inspection.
The property is in an Opportunity Zone and is subject to Santa Ana Rent Control. It is near the 5 Freeway, N. Flower St., and W. Washington Ave.
The property is in an Opportunity Zone and is subject to Santa Ana Rent Control. It is near the 5 Freeway, N. Flower St., and W. Washington Ave.
Key Highlights
- 9‑unit multifamily property with one- and two‑bedroom apartments averaging 867 SF
- 7,800‑square‑foot property with 9 garage spaces
- On‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,027
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,100,540
$3.1M
Cap Rate 7%
$2,214,671
$2.2M
Cap Rate 9%
$1,722,522
$1.7M
Market Conditions
NOI Build-Up for 7,800 SF
Gross rent
$294.8K $37.80/SF
− Vacancy
−$13.0K −$1.66/SF
EGI
$281.9K $36.14/SF
− OpEx
−$126.8K −$16.26/SF
NOI
$155.0K $19.88/SF
Area
ZIP 92701
Vacancy
4.40%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,100,540
Cap Rate 7%
$2,214,671
Cap Rate 9%
$1,722,522
Alternative Uses
Best Use
Apartment 5plus
$2.21M
$1.94M – $2.58M
NOI $155,027 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.41M
$2.11M – $2.82M
NOI $168,943 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,845
Businesses Nearby
Explore this area
Business Placement
Demographics for 92701, CA
48,789
Population
13,470
Households
3.6
Avg Household Size
32
Median Age
11%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
15,247
Density / Sq Mi
$68,697
Median Household Income
$33,846
Median Earnings
$1,650
Median Rent
$608,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - On-site laundry and garage parking complement a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 1027 N Parton Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 9‑unit multifamily property with one- and two‑bedroom apartments averaging 867 SF; 7,800‑square‑foot property with 9 garage spaces; On‑site laundry
