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1512 W 5th St Santa Ana CA 1512 W 5th St 4 Unit Apartment Building $865,000 ($216,250/Unit) 3.74% Cap Rate Santa Ana, CA 92703
INVESTMENT HIGHLIGHTS
- Month to Month Tenants
- Close Proximity to City Hall
- Purchase Adjacent Fourplex Together or Seperatlety
- Value Add Opportunity
EXECUTIVE SUMMARY
Two adjacent fourplex buildings in central Santa Ana, located at 1512 W 5th Street and 1516 W 5th Street. Each property is on its own parcel and can be purchased together as a portfolio or separately, giving investors flexibility in their approach.
Both buildings were constructed in 1951 and share identical layouts, with each consisting of four 1-bedroom, 1-bathroom units. The properties are occupied by long-term, month-to-month tenants, creating a stable foundation with the potential to reposition and increase overall performance.
The buildings are situated in a desirable part of Santa Ana, just minutes from City Hall, the Civic Center, and major employment hubs. The central location also offers convenient access to retail, dining, and public transportation, making the area attractive to renters and supporting long-term demand.
This offering provides a rare chance to acquire classic mid-century rental assets with strong upside in one of Orange County’s most dynamic multifamily markets.
Both buildings were constructed in 1951 and share identical layouts, with each consisting of four 1-bedroom, 1-bathroom units. The properties are occupied by long-term, month-to-month tenants, creating a stable foundation with the potential to reposition and increase overall performance.
The buildings are situated in a desirable part of Santa Ana, just minutes from City Hall, the Civic Center, and major employment hubs. The central location also offers convenient access to retail, dining, and public transportation, making the area attractive to renters and supporting long-term demand.
This offering provides a rare chance to acquire classic mid-century rental assets with strong upside in one of Orange County’s most dynamic multifamily markets.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$50,400
|
$24.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,400
|
$24.59
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,460
|
$8.52
|
| Net Operating Income |
$32,940
|
$16.07
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $24.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $24.59 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $17,460 |
| Annual Per SF | $8.52 |
| Net Operating Income | |
|---|---|
| Annual | $32,940 |
| Annual Per SF | $16.07 |
PROPERTY FACTS
| Price | $865,000 | Property Subtype | Apartment |
| Price Per Unit | $216,250 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.74% | Lot Size | 0.14 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 2,050 SF |
| Gross Rent Multiplier | 17.1 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1951 |
| Price | $865,000 |
| Price Per Unit | $216,250 |
| Sale Type | Investment |
| Cap Rate | 3.74% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 17.1 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,050 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1951 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,050 | 525 |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 405-054-08 | Improvements Assessment | $73,978 (2025) |
| Land Assessment | $746,255 (2025) | Total Assessment | $820,233 (2025) |
PROPERTY TAXES
Parcel Number
405-054-08
Land Assessment
$746,255 (2025)
Improvements Assessment
$73,978 (2025)
Total Assessment
$820,233 (2025)
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