1910 N Spurgeon St - Apartments FOR SALE


Santa Ana, CA 92706
$5,472,000 USD
714-713-9086
1910 N Spurgeon St, Santa Ana, CA for Sale
$5,472,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1910 N Spurgeon St
Santa Ana, CA 92706


HIGHLIGHTS

  • Mix of Studio & One-Bedroom Floor Plans | Select Units Feature a Private Balcony
  • Gated Access & an On-Site Laundry Facility | Ample Parking in Gated Parking Garage
  • Attractive Location, Situated Between Floral Park & French Park
  • 0.85 Miles from the Santa Ana Regional Transportation Center, a Combined Transportation Center Offering Access to Amtrak, Metrolink, OCTA, & More
  • Just One Mile North of the Abundance of Retail, Dining, & Entertainment Options on 4th Street
  • Within 1.25 Miles of Santa Ana College, the 3rd Top Employer in the City with More Than 3,500 Employees per Santa Ana’s 2022 ACFR

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Santa Corona North Apartments, a 24-unit multifamily investment property located in Santa Ana, CA. With a prime Santa Ana location, situated between Floral Park and French Park, residents of Santa Corona North Apartments are at the epicenter of all that Santa Ana has to offer. The property is surrounded by an abundance of retail, dining, and entertainment options along 4th Street, 17th Street, and Main Street. Additionally, the property is just under 1.25 miles from Santa Ana College, the 3rd top employer within the city, per Santa Ana’s 2023 Annual Comprehensive Financial Report. Furthermore, residents enjoy the property’s close proximity to Interstate 5, connecting residents to major employment hubs throughout Orange and Los Angeles Counties. Built in 1979, Santa Corona North Apartments offers a mix of studio and one-bedroom floor plans on a spacious 0.36-acre lot. The property offers highly desirable amenities including private balconies (select units), a gated parking garage and an on-site laundry facility. With current rents below market rates, Santa Corona North Apartments represents a unique value-add opportunity through the execution of a property renovation plan. With a prime Santa Ana location and ample upside, Santa Corona North Apartments represents an enticing opportunity for a new owner. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$5,472,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

24

PRICE/UNIT

$228,000

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Santa Corona North Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

R3

APN/PARCEL ID

003-141-40

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.