10-Unit Apartment
For Sale
$2,200,000
809 S Townsend Street, Santa Ana, CA 92704
A fully occupied residential property with private garages, shared laundry, and a mix of one- and two-bedroom homes.
Property Size6,840 SF
Lot Size0.28 Acres
Price / SF$321.64
Days on Market13
Property Features for 809 S Townsend Street
General Information
Standard status
Active
Size
6,840 SF
Net Rentable
6,840 SF
Total Parking Spaces
10
Lot size
0.28 Acres
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Bella Vista
Units
Unit Mix
6 x 1BR/1BA, 4 x 2BR/1BA
Multifamily Units
10
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$24,629
Amenities
on-site laundry
Building Details
Building Size
6,840 SF
Year Built
1960
Buildings
1
Stories
2
Units
10
Listed By:
Shaun Marie Howe · License #01332439
(760) 702-4823
Source:
Desertareaproperty
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 23 at 4:53PM
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 Shaun Marie Howe
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Investment Insights
Based on property information with market context.
The Santa Ana apartment property contains 10 units and 6,840 square feet of net rentable area on a 12,240-square-foot lot. Its layout includes six one-bedroom, one-bath apartments and four two-bedroom, one-bath apartments. Each residence has a private garage, and residents have access to on-site laundry. Street parking is also available.
The building is fully occupied. Recent work includes SB 721 compliance, deck repairs, replacement railings and windows, and a new water heater. The stated rent analysis indicates 57% upside at current rent levels and an 8.5% pro forma cap rate based on market rents.
The building is fully occupied. Recent work includes SB 721 compliance, deck repairs, replacement railings and windows, and a new water heater. The stated rent analysis indicates 57% upside at current rent levels and an 8.5% pro forma cap rate based on market rents.
Key Highlights
- 10 apartments totaling 6,840 square feet of net rentable area
- Six 1BR/1BA homes and four 2BR/1BA homes
- 12,240‑square‑foot lot in Santa Ana
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,179
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,123,580
$2.1M
Cap Rate 7%
$1,516,843
$1.5M
Cap Rate 9%
$1,179,767
$1.2M
Market Conditions
NOI Build-Up for 6,840 SF
Gross rent
$201.1K $29.40/SF
− Vacancy
−$8.0K −$1.18/SF
EGI
$193.1K $28.22/SF
− OpEx
−$86.9K −$12.70/SF
NOI
$106.2K $15.52/SF
Area
ZIP 92704
Vacancy
4.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,123,580
Cap Rate 7%
$1,516,843
Cap Rate 9%
$1,179,767
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,179 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,307 @ 7.0% cap · market cap 6.47%
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
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Explore this area
Business Placement
Demographics for 92704, CA
82,841
Population
20,887
Households
4
Avg Household Size
35
Median Age
20%
College-Educated
68%
High-School Grad
7.4 sq mi
ZIP Area
11,195
Density / Sq Mi
$94,249
Median Household Income
$37,925
Median Earnings
$2,147
Median Rent
$641,600
Median Home Value
Check the figures for this property
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?
Apartment building - A fully occupied residential property with private garages, shared laundry, and a mix of one- and two-bedroom homes.
Where is this apartment building located?
The property is located at 809 S Townsend Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 10 apartments totaling 6,840 square feet of net rentable area; Six 1BR/1BA homes and four 2BR/1BA homes; 12,240‑square‑foot lot in Santa Ana
