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1416 Spurgeon St Santa Ana, CA 92701

Sponsored
For Sale
$4,580,000

20-Unit Multifamily, High Occupancy

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 20-unit apartment building presents a compelling investment opportunity in Santa Ana, California. Built in 1978, this two-story complex boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $214,178 and a 4.70% cap rate. Priced at $4,580,000 ($229,000 per unit), the property offers significant value. The gated community features convenient amenities including garages and covered parking, individually metered gas and electric for each unit, and an on-site laundry room. The unit mix comprises a combination of one-bedroom and studio apartments. Its prime location near an elementary school, shopping, restaurants, and freeways enhances its appeal to tenants. The property benefits from its proximity to the Santa Ana Metro Link Station, the Old Orange County Courthouse, and the Police Department. This well-maintained building presents a rare opportunity for investors seeking a stable, high-performing asset in a desirable location. All information is deemed reliable, but buyers are advised to conduct their own due diligence.

Property Features for 1416 Spurgeon St

General Information

Property type
Multifamily properties

Building Details

Year Built
1978
Stories
2
Units
20

HighLights

  • $4,580,000 asking price, 4.70% cap rate, and $214,178 annual net operating income (NOI).
  • 20‑unit apartment building with 100% occupancy.
  • 1978 construction, two‑story building with gated entry, garages, and covered parking.
  • Individually metered gas and electric utilities.
  • Mix of one‑bedroom and studio units; on‑site laundry facilities.
  • Excellent location near schools, shopping, restaurants, and freeways in Santa Ana, CA.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Santa Ana
County
Orange
State
California
Longitude
-117.8655292
Latitude
33.7573444

FAQs

What type of property is this?
Multifamily property - 20-Unit Multifamily, High Occupancy
Where is this multifamily property located?
The property is located at 1416 Spurgeon St Santa Ana, CA.
What is the asking price?
The asking price for this property is $4,580,000.
What are key features of this property?
This property features: $4,580,000 asking price, 4.70% cap rate, and $214,178 annual net operating income (NOI).; 20-unit apartment building with 100% occupancy.; 1978 construction, two-story building with gated entry, garages, and covered parking.
More about this property
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