511 E Washington Ave - Apartments FOR SALE
Santa Ana, CA 92701 |
511 E Washington Ave
Santa Ana, CA 92701
HIGHLIGHTS
- Excellent Location Across From Historic French Park Community & Vibrant Downtown Santa Ana
- 6.5% CAP Rate and 9.0% Cash-on-Cash Return on Current Income / Value-Add Opportunity: Substantial Rental Upside
- Very Attractive Unit Mix Consisting of One-, Two-, & Three-Bedroom Units / Extensive Recent Renovations & Upgrades of Interiors & Exterior
- Opportunity to Add ADU’s to Property to Further Maximize Cash Flow / Ample On-Site Parking Including (34) Carports & (22) Open Spaces
- Secured Gated-Entry with Large Garden-Style Courtyard, BBQ Area, Patios, & Balconies / RUBS (Utility Billing) System Already in Place
- Building Owned On-Site Laundry Facility / Easy Access to Freeways and Close to Schools, Retail, Employment, & Entertainment
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
26707
STORIES
2
YEAR BUILT
1964
PARKING SPACES
56
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
398-151-18
