1066 W 1st Street, Santa Ana, CA 92703

About this property

The 1st Street Apartments, an 8-unit apartment building located in Santa Ana, CA, was built in 1924; the property offers a simple unit mix of all studio units. There is one on-site laundry facility, and gated parking which includes 9 parking spaces. Most units have tile flooring, and some units have granite countertops. Recent improvements include newer windows, new concrete, exterior paint, some units have remodeled showers and remodeled floors and new electrical wiring. The 1st Street Apartments offers an investor the opportunity to purchase an income producing asset with 16% upside in rents and a 6.5% cap rate on market rents.

Listing description from the April 2020 sale, as reported to CRMLS.

Sale history

$1,023,888

Sold April 2020 · listed $1,250,000, on market February 2020 · MLS #PW20037598 · Source: CRMLS

Listing Agent: Chris Keramati · Listing Office: Triqor Group · Contact: 949-756-3232 · Bought with: My LeNguyen · Re/MAX TerraSol

$794,000

Sold June 2017 · listed $789,000, orig. $950,000, on market February 2017 · MLS #PW17022647 · Source: CRMLS

Listing Agent: Ed Diaz · Listing Office: Vanguard Property Group · Contact: 714-446-0100 · Bought with: Ed Diaz · Vanguard Property Group

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