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    717 Garfield St Santa Ana, CA 92701

    Sponsored
    For Sale
    $6,870,000

    30-unit apartment building, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 30-unit apartment building presents a compelling investment opportunity in Santa Ana, California. Located at 717 N Garfield St, 92701, this two-story, 1979-constructed property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $306,601 and a 4.52% cap rate. The asking price is $6,870,000, translating to an attractive price per unit of $229,000. The property features a gated community with both garages and covered parking, providing ample parking for residents. Each unit is individually metered for gas and electric, with tenants responsible for utility costs. Further enhancing its appeal, the property includes an on-site laundry room. Its convenient location offers proximity to an elementary school, shopping, restaurants, and freeways, making it highly attractive to tenants. This well-maintained property presents a strong value-add opportunity with significant potential for rental income growth. The property is not subject to a ground lease. All information should be verified independently by the buyer.

    Property Features for 717 Garfield St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1979
    Stories
    2
    Units
    30

    HighLights

    • 1979 Construction, gated community with garages and covered parking.
    • 100% occupancy with significant rental upside potential.
    • Individually metered gas and electric utilities.
    • Mix of one‑bedroom and studio units.
    • On‑site owner‑operated laundry facilities.
    • Excellent location near elementary school, shopping, dining, and freeways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency 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
    -117.8604376
    Latitude
    33.7520373

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    FAQs

    What type of property is this?
    Multifamily property - 30-unit apartment building, prime location
    Where is this multifamily property located?
    The property is located at 717 Garfield St Santa Ana, CA.
    What is the asking price?
    The asking price for this property is $6,870,000.
    What are key features of this property?
    This property features: 1979 Construction, gated community with garages and covered parking.; 100% occupancy with significant rental upside potential.; Individually metered gas and electric utilities.
    Request Owner's contact information
    717 Garfield St Santa Ana, CA 92701
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    Santa Ana, CA 92701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    717 Garfield St Santa Ana, CA 92701
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