Santa Ana Multifamily Investment
For Sale
$1,900,000
Santa, Santa Ana, CA 92704
Well-maintained 8-unit property in a high-demand Santa Ana location.
Property Size5,854 SF
Days on Market211
Property Features for Santa
General Information
Standard status
Active
Size
5,854 SF
Property subtype
Multifamily
Building Details
Building Size
5,854 SF
Year Built
1961
Listing Agency:
FTGU Commercial Real Estate
Listed By:
Fernando Crisantos · License #CalDRE #01972227
(714) 604-5175
Source:
Svn
Added: Mar 27
Changed: Oct 8
Last Checked: Oct 20 at 7:19PM
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 FTGU Commercial Real Estate
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Investment Insights
Based on property information with market context.
This well-maintained property in Santa Ana features 8 units, with a mix of 1 and 2 bedrooms. All units are currently occupied by long-term tenants. The property has a 2-level walk-up courtyard design and includes a community laundry facility. There are 9 parking spaces available. The property is located in a bustling area near the 55, 405, and 5 freeways, South Coast Plaza, Southern California beaches, UC Irvine, and Chapman University. This location ensures a high demand for rentals, offering a strong base and ownership opportunity in Southern California's real estate market.
Key Highlights
- 8 Units: A mix of 1 and 2 bedroom units offering diverse rental options.
- Fully Occupied: Ensuring immediate rental income with long‑term tenants.
- Prime Location: Conveniently located near the 55, 405, and 5 freeways, South Coast Plaza, beaches, UC Irvine, and Chapman University.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,873
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,817,460
$1.8M
Cap Rate 7%
$1,298,186
$1.3M
Cap Rate 9%
$1,009,700
$1.0M
Market Conditions
NOI Build-Up for 5,854 SF
Gross rent
$172.1K $29.40/SF
− Vacancy
−$6.9K −$1.18/SF
EGI
$165.2K $28.22/SF
− OpEx
−$74.4K −$12.70/SF
NOI
$90.9K $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%
$1,817,460
Cap Rate 7%
$1,298,186
Cap Rate 9%
$1,009,700
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.51M
NOI $90,873 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,793 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
854
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
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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 - Well-maintained 8-unit property in a high-demand Santa Ana location.
Where is this apartment building located?
The property is located at Santa Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 8 Units: A mix of 1 and 2 bedroom units offering diverse rental options.; Fully Occupied: Ensuring immediate rental income with long‑term tenants.; Prime Location: Conveniently located near the 55, 405, and 5 freeways, South Coast Plaza, beaches, UC Irvine, and Chapman University.
