Description

409-415 E. Pine Street is a 12-unit multifamily property located in Santa Ana, CA, offering investors an opportunity to acquire a well-located Orange County asset. Built in 1983, the property consists of two contiguous parcels totaling 8,628 square feet of rentable area situated on a 14,000 square foot lot. The community features a desirable unit mix of four 1BR/1BA units and eight 2BR/1BA units, along with amenities including on-site laundry, gated entry, individual water heaters, and patios/balconies in select units. Recent capital improvements include roof restoration, HVAC replacements, water heater replacement, and interior updates to select units. The property is offered at a 6% CAP Rate on current income with 25% rental upside, providing investors with additional growth potential through continued upgrades, turnover, and rent increases.

Property details

Year built

1983

Property type

Residential Income

Lot size

14,000 sqft

Location

409 E Pine Street • Santa Ana, CA 92701

More homes for sale and rent in Santa Ana, CA →

Listing Agent

Garrett Blair

DRE #: 02026908

Brokerage: Morgan Skenderian

Rick Applebaum

Co-Listing Agent

DRE #: 01273871

Brokerage: Morgan Skenderian

Similar Listings

Recent sales near 409 E Pine Street

300 E Chestnut Avenue 301: Sold $345,000 · 2 bd · 2 ba · 952 sqft · Aug 2026 · 0.1 mi
Real Broker | DRE #01336870
Buyer's agent: Rebecca Garcia, eXp Realty of California Inc | DRE #02174833
120 E Pine Street: Sold $3,700,000 · Jun 2026 · 0.2 mi
Alliance Investment RE Group | DRE #01085411
Buyer's agent: Alex Duarte, First Team Real Estate | DRE #01970077
626 E 3rd: Sold $1,200,000 · Sep 2026 · 0.2 mi
Greysteel California, Inc. | DRE #02062988
Buyer's agent: Christian Espinoza, Greysteel California, Inc. | DRE #02062988
450 E 4th Street 423: Sold $329,900 · 1 bd · 1 ba · 672 sqft · Jul 2026 · 0.3 mi
Properties By Dinorah | DRE #01020632
Buyer's agent: Carla Jones, Circa Properties, Inc. | DRE #01258883
223 N Bush: Sold $822,500 · 2 bd · 2 ba · 1,911 sqft · Aug 2026 · 0.3 mi
Elevate Real Estate Agency | DRE #01406869
Buyer's agent: Nadia Caporaso, Veritas Realty Associates, Inc | DRE #01808036
836 South Sycamore Street: Sold $560,000 · 2 bd · 1 ba · 910 sqft · Sep 2026 · 0.3 mi
First Team Real Estate | DRE #01757163
Buyer's agent: Jesus Morales, First Team Real Estate | DRE #01757163
726 S Oak: Sold $855,000 · 3 bd · 1 ba · 1,528 sqft · Sep 2026 · 0.4 mi
Coldwell Banker Realty | DRE #01506622
Buyer's agent: Pablo Salcedo, First Team Real Estate | DRE #01778864
606 S Main Street: Sold $460,000 · Jun 2026 · 0.4 mi
CENTURY 21 Affiliated | DRE #01800066
Buyer's agent: Fab Hoyos, CENTURY 21 Affiliated | DRE #01800066

Closed sales reported in 92701, nearest first, last 12 months. All recent sales in Santa Ana →

Sale history for 409 E Pine Street → (2 recorded sales)

CRMLS

MLS# PW26219394

Listed: 10/8/2026 7:11 AM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/9/2026 8:47 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Morgan Skenderian

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

Residential Income - 409 E Pine Street, Santa Ana, CA