1910 Spurgeon St Santa Ana, CA 92706-2850
- Apartment buildings
- 15,585 SF
- 0.36 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1910 Spurgeon St
- Year built
- 1979
- Lot size
- 0.36 lot acres
- Property size
- 15,585 SF
- Property type
- Apartment buildings
- APN
- 003-141-40
- APU
- 314140
Description
This exceptional 24-unit apartment building in Santa Ana, CA, presents a compelling investment opportunity. Situated on a 0.36-acre lot, this 15,584 square foot property, built in 1979, offers a mix of studio and one-bedroom floor plans. Desirable amenities include gated access, on-site laundry, and select units featuring private balconies. Ample parking is available in a gated garage. The property benefits from a prime location between Floral Park and French Park, offering easy access to a wealth of retail, dining, and entertainment options on 4th Street, and is less than a mile from the Santa Ana Regional Transportation Center, providing convenient access to Amtrak, Metrolink, and OCTA. Its proximity to Santa Ana College (a major local employer) and Interstate 5 further enhances its appeal. The asking price is $5,472,000, translating to $228,000 per unit and $351.13 per square foot. Current rents are below market rates, presenting a significant value-add potential for a new owner through strategic renovations. The property is offered fee simple. Please note: Drive by only; do not disturb residents.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,175,000
- 6.5%
- $3,855,000
- 7%
- $3,580,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $5,200,000
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Location Insight
- Map
- Local Demand
- City
- Santa Ana
- County
- Orange
- State
- California
- Longitude
- -117.866
- Latitude
- 33.7622
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA