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120 E Pine St 14 Unit Apartment Building $3,849,000 ($274,929/Unit) 6.02% Cap Rate Santa Ana, CA 92701
INVESTMENT HIGHLIGHTS
- Gated Complex - PRIDE OF OWNERSHIP 1971 Construction With Copper Plumbing - Great Unit Mix With Patios & Balconies
- Corner (Huge) Lot - Great Rental Area - 100% Occupied - On Site Laundry Room (Owned)
- Plenty Of Parking - Carports For All Units
- NEW IN 2025: Stucco & Paint, Windows, Landscaping! Most Of The Units Have Been upgraded!
- All Electric Building (Tenants Responsibility) - NO GAS!
- Roof Is About 10 Years Old
EXECUTIVE SUMMARY
Alliance Investment Real Estate Group, as the exclusive listing agent, is pleased to present the Pine Apartments consisting of 14 Units (with patios & balconies) in a high demand rental area of Santa Ana. This is a PRIDE OF OWNERSHIP property that is always 100% occupied with strong rents in place and additional rental upside for a new investor to take advantage of. This property is individually metered for Electric (tenants responsibility) and has NO GAS. The roof is approximately 10 years old with ample parking - plenty of carports and street parking available. Property has an on-site laundry room that is owned and has copper plumbing. Majority of the units have been upgraded.
NEW IN 2025: Stucco, Paint, Windows, and Landscaping! This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow!
Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE SPEAKING WITH THE LISTING OFFICE FIRST!!!
PLEASE DO NOT WALK ONTO THE PROPERTY OR TALK TO ANY OF THE TENANTS SINCE THEY ARE NOT AWARE THIS PROPERTY IS FOR SALE. THANK YOU.
NEW IN 2025: Stucco, Paint, Windows, and Landscaping! This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow!
Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE SPEAKING WITH THE LISTING OFFICE FIRST!!!
PLEASE DO NOT WALK ONTO THE PROPERTY OR TALK TO ANY OF THE TENANTS SINCE THEY ARE NOT AWARE THIS PROPERTY IS FOR SALE. THANK YOU.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$304,344
|
$39.17
|
| Other Income |
$13,500
|
$1.74
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$317,844
|
$40.91
|
| Taxes |
-
|
-
|
| Operating Expenses |
$86,097
|
$11.08
|
| Total Expenses |
$86,097
|
$11.08
|
| Net Operating Income |
$231,747
|
$29.83
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $304,344 |
| Annual Per SF | $39.17 |
| Other Income | |
|---|---|
| Annual | $13,500 |
| Annual Per SF | $1.74 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $317,844 |
| Annual Per SF | $40.91 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $86,097 |
| Annual Per SF | $11.08 |
| Total Expenses | |
|---|---|
| Annual | $86,097 |
| Annual Per SF | $11.08 |
| Net Operating Income | |
|---|---|
| Annual | $231,747 |
| Annual Per SF | $29.83 |
PROPERTY FACTS
| Price | $3,849,000 | Apartment Style | Low-Rise |
| Price Per Unit | $274,929 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 6.02% | Building Size | 7,770 SF |
| Gross Rent Multiplier | 12.4 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.45/1,000 SF |
| Zoning | R3, Santa Ana | ||
| Price | $3,849,000 |
| Price Per Unit | $274,929 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| Gross Rent Multiplier | 12.4 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 7,770 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2024 |
| Parking Ratio | 2.45/1,000 SF |
| Zoning | R3, Santa Ana |
AMENITIES
UNIT AMENITIES
- Balcony
- Disposal
- Washer/Dryer
- Heating
- Deck
- Garden
- Handrails
- Patio
SITE AMENITIES
- Laundry Facilities
- Security System
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $18,750 | 600 |
| Studios | 4 | $6,612 | 500 |
1 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 404-096-10 | Total Assessment | $690,559 |
| Land Assessment | $214,742 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $475,817 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
404-096-10
Land Assessment
$214,742
Improvements Assessment
$475,817
Total Assessment
$690,559
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
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120 E Pine St
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