4-Unit Multifamily
New
For Sale
$1,999,999
1031 W Central, Santa Ana, CA 92707
The two-story property includes on-site laundry and a mix of two- and three-bedroom residences.
Property Size4,557 SF
Price / SF$438.89
Days on Market5
Property Features for 1031 W Central
General Information
Standard status
Active
Size
4,557 SF
Total Parking Spaces
9
Property subtype
Apartment
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
4
Amenities
patios/balconies
on-site laundry room
Building Details
Building Size
4,557 SF
Year Built
1977
Buildings
1
Stories
2
Listing Agency:
Advance Estate Realty
Listed By:
Benny Huynh · License #01756802
(714) 757-6283
Source:
Velocityrealtysd
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 21 at 12:10AM
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 Advance Estate Realty
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Investment Insights
Based on property information with market context.
This two-story multifamily property contains four residences totaling approximately 4,557 square feet. The unit mix includes one three-bedroom, two-bath residence, two two-bedroom, two-bath residences, and one two-bedroom, one-bath residence. Residents have access to an on-site laundry room and private patios or balconies. The property was built in 1977.
Parking includes five attached garage spaces and four additional off-street spaces. The property is fully occupied.
Parking includes five attached garage spaces and four additional off-street spaces. The property is fully occupied.
Key Highlights
- Four residences with a mix of two- and three‑bedroom layouts
- Approximately 4,557 square feet across the building
- Five attached garage spaces and four off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,016
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,580,320
$1.6M
Cap Rate 7%
$1,128,800
$1.1M
Cap Rate 9%
$877,956
$878.0K
Market Conditions
NOI Build-Up for 4,557 SF
Gross rent
$117.6K $25.80/SF
− Vacancy
−$4.7K −$1.03/SF
EGI
$112.9K $24.77/SF
− OpEx
−$33.9K −$7.43/SF
NOI
$79.0K $17.34/SF
Area
ZIP 92707
Vacancy
3.99%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,580,320
Cap Rate 7%
$1,128,800
Cap Rate 9%
$877,956
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$987.7K – $1.32M
NOI $79,016 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$1.04M
$911.2K – $1.21M
NOI $72,897 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,473 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
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Business Placement
Demographics for 92707, CA
56,456
Population
14,767
Households
3.8
Avg Household Size
33
Median Age
17%
College-Educated
65%
High-School Grad
5.2 sq mi
ZIP Area
10,857
Density / Sq Mi
$99,491
Median Household Income
$35,582
Median Earnings
$2,141
Median Rent
$635,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The two-story property includes on-site laundry and a mix of two- and three-bedroom residences.
Where is this quadplex located?
The property is located at 1031 W Central Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Four residences with a mix of two- and three‑bedroom layouts; Approximately 4,557 square feet across the building; Five attached garage spaces and four off‑street parking spaces
