6-Unit Apartment
New
For Sale
$1,879,000
415 W Pine, Santa Ana, CA 92701
Updated apartments feature private entries, patios, parking, and in-unit washer and dryer hookups.
Property Size4,200 SF
Days on Market6
Property Features for 415 W Pine
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
6
Amenities
washer/dryer hookups
AC and Heating
Garage and Reserved parking
large private patios
dual pane windows
private front and rear entries
Building Details
Building Size
4,200 SF
Year Built
1921
Listing Agency:
R L M Equities
(949) 862-1020
Listed By:
Randall Mycorn · License #02078223
Source:
Stephanieyounggroup
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 3 at 11:27AM
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 R L M Equities
Investment Insights
Based on property information with market context.
This apartment property includes six units with one- and two-bedroom layouts, along with cottage-style residences that do not share walls. Interior features include updated kitchens and bathrooms, vinyl flooring, dual-pane windows, air conditioning, heating, and washer and dryer hookups. Several units also provide private front and rear entries and large patios. Garage and reserved parking are included, while all structures have new roofing. A large basement remains unused and unrented, providing additional on-site space.
The property is located at 415 W Pine in Santa Ana, within walking distance of multiple schools, parks, the OC Civic Center, and Historic Downtown Santa Ana. Originally built in 1921, the building combines multiple residential layouts with parking, outdoor areas, and recently improved building components.
The property is located at 415 W Pine in Santa Ana, within walking distance of multiple schools, parks, the OC Civic Center, and Historic Downtown Santa Ana. Originally built in 1921, the building combines multiple residential layouts with parking, outdoor areas, and recently improved building components.
Key Highlights
- Six‑unit apartment property with one- and two‑bedroom floor plans
- Cottage‑style units with no shared walls
- New roofing installed on all structures
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.8k | $37.80 |
| − Vacancy | −$7.0k | −$1.66 |
| EGI | $151.8k | $36.14 |
| − OpEx | −$68.3k | −$16.26 |
| NOI | $83.5k | $19.88 |
4,200 SF · lease $37.80/SF/yr · vacancy 4.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,476 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $90,969 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,641
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
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 - Updated apartments feature private entries, patios, parking, and in-unit washer and dryer hookups.
Where is this apartment building located?
The property is located at 415 W Pine Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,879,000.
What are key features of this property?
This property features: Six‑unit apartment property with one- and two‑bedroom floor plans; Cottage‑style units with no shared walls; New roofing installed on all structures
