315 S Garnsey St - Apartments FOR SALE


Santa Ana, CA 92701- Heninger Park
$1,300,000 USD
949-202-7255
315 S Garnsey St, Santa Ana, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/7
null | 3.18% Cap Rate

315 S Garnsey St
Santa Ana, CA 92701
Heninger Park


HIGHLIGHTS

  • Value- Add Investment Opportunity
  • 100% One-Bedroom Floorplans
  • Projected ±51% in Rental Upside
  • Potential ADU Conversion Opportunity
  • Amenities Include: 3 Garage Spaces, 4 Open Parking Spaces, and On-Site Laundry Facility
  • Projected 6.0% CAP Rate on Market Rents, 5.2% Cash on Cash Return, 5.8% Total Return

OVERVIEW

The Kirklen Investment Group, the exclusive listing agent, is thrilled to present 315 South Garnsey Street, a prime 5-unit multifamily investment property located in the desirable Heninger Park Neighborhood of Santa Ana, CA. Built in 1964, this property features five one-bedroom apartments, complete with amenities such as garages and open parking, as well as an on-site laundry facility. This property presents a value-add opportunity with significant rental upside, making it an attractive investment for savvy buyers. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 1.10 miles from Downtown Santa Ana and the lively 4th Street Market, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.80 miles of Santa Ana College, appealing to students and faculty. With close proximity to the 5 Interstate, residents can conveniently connect to major employment hubs across Orange and Los Angeles Counties. This investment not only promises attractive living spaces but also the potential for strong tenant demand in a thriving area. *Call, Text, or Email for Marketing Package.* *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent.*

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

5

PRICE/UNIT

$260,000

CAP RATE

3.18%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,623 SF

ZONING

R3, Santa Ana

APN/PARCEL ID

008-202-17

ASK ABOUT THIS PROPERTY

Justin ButlerKirklen Investment GroupMore Info
949-202-7255

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Justin ButlerKirklen Investment GroupMore Info
949-202-7255

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