Three-Unit Multifamily
For Sale
$900,000
Pending
2609 S Rosewood, Santa Ana, CA 92707
A 1958-built residential income property offers three units and requires substantial updating.
Property Size2,625 SF
Days on Market21
Property Features for 2609 S Rosewood
General Information
Standard status
Pending
Size
2,625 SF
Property subtype
Triplex
Property Condition
Severity
Repairs Needed
Evidence
in need of substantial updating and renovations
Site & Location
Neighborhood
Rosewood Baker
Additional Details
Multifamily Units
3
Building Details
Year Built
1958
Listing Agency:
Lugo Brothers RE
Listed By:
Bryant and Kenneth Lugo
(714) 797-0001
Source:
Lugobros
Added: Oct 12
Changed: Oct 28
Last Checked: Nov 1 at 12:28AM
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 Lugo Brothers RE
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Investment Insights
Based on property information with market context.
This triplex contains three residential units across 2,625 square feet. Built in 1958, the property requires substantial updating and renovation.
The property is located in Santa Ana near South Coast Plaza, with shopping, dining, entertainment, and major freeways in the surrounding area.
The property is located in Santa Ana near South Coast Plaza, with shopping, dining, entertainment, and major freeways in the surrounding area.
Key Highlights
- Three residential units
- 2,625 square feet
- Built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,516
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,320
$910.3K
Cap Rate 7%
$650,229
$650.2K
Cap Rate 9%
$505,733
$505.7K
Market Conditions
NOI Build-Up for 2,625 SF
Gross rent
$67.7K $25.80/SF
− Vacancy
−$2.7K −$1.03/SF
EGI
$65.0K $24.77/SF
− OpEx
−$19.5K −$7.43/SF
NOI
$45.5K $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%
$910,320
Cap Rate 7%
$650,229
Cap Rate 9%
$505,733
Alternative Uses
Best Use
Multifamily LT 5
$650.2K
$569.0K – $758.6K
NOI $45,516 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$599.9K
$524.9K – $699.9K
NOI $41,991 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$719.8K
$629.8K – $839.8K
NOI $50,387 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,092
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?
Triplex - A 1958-built residential income property offers three units and requires substantial updating.
Where is this triplex located?
The property is located at 2609 S Rosewood Santa Ana, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three residential units; 2,625 square feet; Built in 1958
