1001 N Riverine Ave
Santa Ana, CA 92701
Riverine Apartments · Multifamily Property For Sale
·
30 Units
Property Facts
| No. Units | 30 | Lot Size | 0.46 AC |
| Property Type | Multifamily | Building Size | 20,200 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1982/2019 |
| Zoning | R-2 - 2 - Multi Family Dwelling | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 20,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2019 |
| Zoning | R-2 - 2 - Multi Family Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
About 1001 N RIVERINE AVE , SANTA ANA, CA 92701
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Riverine Apartments, a 30-unit multifamily investment property located at 1001 Riverine Avenue, Santa Ana, CA. Built in 1982, Riverine Apartments offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 14 percent. Situated on a 0.48-acre lot, the 20,854 square foot property consists of spacious studio units and offers residents on-site laundry, controlled access, security doors, private balconies, and gated covered parking. Named the county seat in 1889, Santa Ana is also known as the financial and governmental center of Orange County. It’s been in recent competition with its fast growing neighbor, the city of Irvine in regards to commercial growth. Given the strong market dynamics and unique appeal of the subject property, Riverine Apartments is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 30 | $1,313 | 695 |
Property Taxes
| Parcel Number | 398-552-06 | Improvements Assessment | $2,078,073 |
| Land Assessment | $5,306,040 | Total Assessment | $7,384,113 |
Property Taxes
