1210 1214 S Pacific Avenue, Santa Ana, CA 92704
Property · 2 recorded sales since 2019
Sold July 2021
Listing Agent: Greg Bassirpou (DRE #01365951) · Listing Office: Marcus & Millichap RE Invest · Contact: 949-419-3200 · Bought with: Jonathan Weir · Marcus & Millichap · MLS #OC21070501 · Source: CRMLS
About this property
The Pacific Avenue Apartments are located at 1210-1214 South Pacific Avenue in Santa Ana, one of the strongest rental markets in Southern California. The property offers a unit mix consisting of (16) one-bedroom/ one-bathroom units totaling 8,396 square feet, situated over two parcels. The subject property has recently gone through extensive interior and exterior renovations. Some upgrades include but are not limited to new flooring, new kitchens, updated bathrooms, new asphalt, and new electric. Common area amenities include a large courtyard, gated access, ample on-site parking, and an on-site, building-owned laundry facility. This offering represents a rare opportunity for an investor to achieve a 5% CAP Rate and 10.4% Cash-on-Cash/Total Return on current income for a stable, turn-key investment property in the desirable rental market of Santa Ana, California.
Listing description from the July 2021 sale, as reported to CRMLS.
Sale history
