5-Unit Apartment
New
For Sale
$1,750,000
1408 N Sycamore, Santa Ana, CA 92701
Two detached buildings offer a mix of one-, two-, and three-bedroom residences.
Property Size3,646 SF
Lot Size0.21 Acres
Days on Market4
Property Features for 1408 N Sycamore
General Information
Standard status
Active
Size
3,646 SF
Total Parking Spaces
8
Lot size
0.21 Acres
Property subtype
Apartment
Occupancy
100%
Units
Unit Mix
3 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units
5
Additional Details
Gross Income
$138,000
Highway Access
Yes
Tenant in Place
Yes
Building Details
Building Size
3,646 SF
Year Built
1950
Buildings
2
Listing Agency:
Kirklen Investment Group
Listed By:
Justin Butler · License #02092220
Source:
Stephanieyounggroup
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 3:11AM
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 Kirklen Investment Group
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Investment Insights
Based on property information with market context.
This five-unit apartment property comprises two detached buildings on a 9,044 SF lot. The unit mix includes three one-bedroom apartments, one two-bedroom apartment, and one three-bedroom apartment. Built in 1950, the property is fully occupied and has eight on-site parking spaces: four garage spaces, two carport spaces, and two open spaces.
The property is in Santa Ana, with Downtown Santa Ana, 4th Street Market, and the I-5 Freeway a short drive away. Its combination of separate buildings, varied apartment layouts, and on-site parking provides a clear overview of the existing residential configuration.
The property is in Santa Ana, with Downtown Santa Ana, 4th Street Market, and the I-5 Freeway a short drive away. Its combination of separate buildings, varied apartment layouts, and on-site parking provides a clear overview of the existing residential configuration.
Key Highlights
- Five apartments across two detached buildings
- Unit mix: three one‑bedroom units, one two‑bedroom unit, and one three‑bedroom unit
- 9,044 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,465
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,300
$1.4M
Cap Rate 7%
$1,035,214
$1.0M
Cap Rate 9%
$805,167
$805.2K
Market Conditions
NOI Build-Up for 3,646 SF
Gross rent
$137.8K $37.80/SF
− Vacancy
−$6.1K −$1.66/SF
EGI
$131.8K $36.14/SF
− OpEx
−$59.3K −$16.26/SF
NOI
$72.5K $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%
$1,449,300
Cap Rate 7%
$1,035,214
Cap Rate 9%
$805,167
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$905.8K – $1.21M
NOI $72,465 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.13M
$987.1K – $1.32M
NOI $78,970 @ 7.0% cap · market cap 4.51%
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
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,704
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 - Two detached buildings offer a mix of one-, two-, and three-bedroom residences.
Where is this apartment building located?
The property is located at 1408 N Sycamore Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Five apartments across two detached buildings; Unit mix: three one‑bedroom units, one two‑bedroom unit, and one three‑bedroom unit; 9,044 SF lot
