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Santa Ana Multifamily Investment Opportunity
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717 N Garfield Street, Santa Ana, CA 92701

Gated multifamily property in Historic French Park area with upside.

Property SizeContact for details
Days on Market142

Property Features for 717 N Garfield Street

General Information

Standard status Active
Property subtype Multifamily
Zoning Assessor
Occupancy 100%
Net Operating Income $356,810

Building Details

Year Built 1979
Buildings 1
Stories 2
Units 30
Listing Agency: Alliance Investment Real Estate Group
Listed By: Ruben Khorsandi · License #01085411
Source: Crexi
Added: Mar 26 Changed: Aug 8 Last Checked: Aug 13 at 10:50AM

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 Alliance Investment Real Estate Group

Investment Insights

Based on property information with market context.

Located in the Prime Historic French Park area, this gated multifamily property presents a value-add opportunity. The 1979 construction is situated close to an Elementary School, shopping, restaurants, and the freeway, offering convenient access for tenants. The property is also located minutes from Downtown Santa Ana, the Old Orange County Courthouse, the Police Department, and the Santa Ana Metrolink Station. The community is 100% occupied and individually metered for both gas and electric, with tenants responsible for these utilities. The property includes an on-site laundry room and ample parking space, with both garages and covered gated parking available. The property offers huge rental upside.

Key Highlights

  • One of the cheapest price per unit properties in Santa Ana.
  • Located in the highly desirable Prime Historic French Park area.
  • Individually metered for gas and electric (tenant paid).

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Store Clothing & Fashion Store Restaurant Locksmith Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,085
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Gated multifamily property in Historic French Park area with upside.
Where is this apartment building located?
The property is located at 717 N Garfield Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $6,299,850.
What are key features of this property?
This property features: One of the cheapest price per unit properties in Santa Ana.; Located in the highly desirable Prime Historic French Park area.; Individually metered for gas and electric (tenant paid).
(949) 250-0400 Call to check price and availability
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