20-Unit Apartment
New
For Sale
$4,300,000
1433 1437 S Standard Avenue, Santa Ana, CA 92707
A recently replaced roof complements a mix of one- and two-bedroom residences.
Property Size13,722 SF
Days on Market5
Property Features for 1433 1437 S Standard Avenue
General Information
Standard status
Active
Size
13,722 SF
Property subtype
Apartment
Additional Details
Cap Rate
3.35%
Highway Access
Yes
Multifamily Units
20
Building Details
Building Size
13,722 SF
Year Built
1961
Listing Agency:
Mark Bridge, Broker
Listed By:
Mark Bridge · License #01316702
(949) 474-4004
Source:
Velocityrealtysd
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 3 at 2:30AM
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 Mark Bridge, Broker
Investment Insights
Based on property information with market context.
This 20-unit apartment property, built in 1961, has a mix of one-bedroom and two-bedroom residences. A new roof was installed across the building, and the unit composition provides two distinct apartment sizes.
The property is in Santa Ana, with Downtown Santa Ana, the Civic Center, Artist Village, 4th Street Market, Santa Ana College, and South Coast Plaza identified among nearby destinations. Regional routes include I-5, SR-22, SR-55, and SR-57, connecting the area with locations across Orange County and Southern California.
The property is in Santa Ana, with Downtown Santa Ana, the Civic Center, Artist Village, 4th Street Market, Santa Ana College, and South Coast Plaza identified among nearby destinations. Regional routes include I-5, SR-22, SR-55, and SR-57, connecting the area with locations across Orange County and Southern California.
Key Highlights
- 20 apartment units with a mix of one‑bedroom and two‑bedroom residences
- New roof installed across the building
- 7.28% market cap rate and 3.35% current cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$219,506
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,390,120
$4.4M
Cap Rate 7%
$3,135,800
$3.1M
Cap Rate 9%
$2,438,956
$2.4M
Market Conditions
NOI Build-Up for 13,722 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$416.6K $30.36/SF
− Vacancy
−$17.5K −$1.28/SF
EGI
$399.1K $29.08/SF
− OpEx
−$179.6K −$13.09/SF
NOI
$219.5K $16.00/SF
Area
ZIP 92707
Vacancy
4.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,390,120
Cap Rate 7%
$3,135,800
Cap Rate 9%
$2,438,956
Alternative Uses
Best Use
Apartment 5plus
$3.14M
$2.74M – $3.66M
NOI $219,506 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,397 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,749
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - A recently replaced roof complements a mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 1433 1437 S Standard Avenue Santa Ana, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 20 apartment units with a mix of one‑bedroom and two‑bedroom residences; New roof installed across the building; 7.28% market cap rate and 3.35% current cap rate
