819 Cypress Ave - Apartments FOR SALE


Santa Ana, CA 92701- Eastside
$1,700,000 USD
949-500-5099
819 Cypress Ave, Santa Ana, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/14
null | 6.22% Cap Rate

819 Cypress Ave
Santa Ana, CA 92701
Eastside


HIGHLIGHTS

  • Sought After Rental Location, Surrounded by Single-Family Homes
  • Well Designed 1 & 3-Bedroom Units Including Single-Story Cottages
  • 5 of 7 Interiors Renovated, Partial New Roof & Windows
  • Over 2:1 Parking Ratio
  • 1973 Construction

OVERVIEW

PRICE REDUCED! Morgan Skenderian is pleased to offer 819 Cypress Avenue, a 6+1 apartment complex located on the beautiful tree-lined street of Cypress Avenue in the city of Santa Ana. This 4,405 SF multifamily property boasts two, single-story cottage style buildings with private yards at the front of the property and a standalone fourplex at the rear of the property. Tenants enjoy the high-quality interior finishes and tranquil residential setting, along with ample parking at over a 2:1 ratio. A desirable construction age of 1973, coupled with strong ownership/management that have renovated five of the seven interiors, make this investment an ideal candidate for the investor looking to produce immediate cash flow with minimal efforts.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

7

PRICE/UNIT

$242,857

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,682 SF

ZONING

R2

APN/PARCEL ID

011-052-01

ASK ABOUT THIS PROPERTY

Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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