1148 W Civic Center Drive, Santa Ana, CA 92703
Property
Sold November 2024
Listing Agent: Rick Applebaum (DRE #01273871) · Listing Office: Morgan Skenderian · Contact: rma@morganskenderian.com · Bought with: Greg Bassirpou · Marcus & Millichap RE Invest · MLS #PW24172731 · Source: CRMLS
About this property
Pleased to present the La Mar Apartments, a 14-unit multifamily property, located at 1148 West Civic Center Drive. Built in 1963, this property features a majority of two-bedroom units, offering a compelling investment potential at $219,643 per unit. With a projected 9.2% CAP rate based on market rents, the La Mar Apartments presents a lucrative opportunity. Its highly desirable location near the Santa Ana Police Station and Civic Center adds to its appeal. A motivated seller with no intention of keeping this property makes this an opportunity not to be missed.
Listing description from the November 2024 sale, as reported to CRMLS.
Sale history