Four-Unit Apartment
401 Nobel Avenue, Santa Ana, CA 92707
For Sale
$1,729,000
All four residences have private garage parking, with a mix of one-, two-, and three-bedroom layouts.
Property Size4,213 SF
Price / SF$410.40
Days on Market139
Property Features for 401 Nobel Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Coldwell Banker New Century
(714) 907-5771
Listed By:
Ray Ma · License CA #02255422
Source:
Monumentglobalestates
Added: Jun 24
Changed: Nov 8
Last Checked: Nov 8 at 8:27PM
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 Coldwell Banker New Century
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Investment Insights
Based on property information with market context.
This 4,213-square-foot apartment property was built in 1969 and contains four occupied units: one 3-bedroom/2-bathroom residence, two 2-bedroom/2-bathroom residences, and one 1-bedroom/1-bathroom residence. Each unit has private garage parking. The roof was replaced within the last 5 years.
Residents pay electricity and gas; the owner covers water and trash. The property is less than 1 mile from South Coast Plaza and less than 2 miles from the airport, with access to the 405 and 55 freeways minutes away.
Residents pay electricity and gas; the owner covers water and trash. The property is less than 1 mile from South Coast Plaza and less than 2 miles from the airport, with access to the 405 and 55 freeways minutes away.
Key Highlights
- Four occupied units: one 3BR/2BA, two 2BR/2BA, and one 1BR/1BA
- 4,213 square feet; built in 1969
- Private garage parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,051
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,461,020
$1.5M
Cap Rate 7%
$1,043,586
$1.0M
Cap Rate 9%
$811,678
$811.7K
Market Conditions
NOI Build-Up for 4,213 SF
Gross rent
$108.7K $25.80/SF
− Vacancy
−$4.3K −$1.03/SF
EGI
$104.4K $24.77/SF
− OpEx
−$31.3K −$7.43/SF
NOI
$73.1K $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%
$1,461,020
Cap Rate 7%
$1,043,586
Cap Rate 9%
$811,678
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$913.1K – $1.22M
NOI $73,051 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$962.8K
$842.4K – $1.12M
NOI $67,394 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,869 @ 7.0% cap · market cap 4.68%
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
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,025
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Quadplexes in Santa Ana
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences have private garage parking, with a mix of one-, two-, and three-bedroom layouts.
Where is this quadplex located?
The property is located at 401 Nobel Avenue Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,729,000.
What are key features of this property?
This property features: Four occupied units: one 3BR/2BA, two 2BR/2BA, and one 1BR/1BA; 4,213 square feet; built in 1969; Private garage parking for each unit
