Morgan Skenderian is pleased to offer 1524-1530 N. Sycamore Street, an 8-unit apartment complex located in the heart of Santa Ana within an Opportunity Zone. Comprised of side-by-side four unit buildings on a single lot, 1524-1530 N. Sycamore Street is a well-maintained property with several recent capital improvements. The subject property boasts new windows, new garage doors, majority tile flooring in common areas and a major roof renovation. Tenants of the community enjoy private patios and balconies, individual water heaters and hard to find, washer and dryer hookups in each unit. Maybe the most appealing characteristic of this building is its close proximity to the best of what Santa Ana has to offer including Bowers Museum, Main Place Mall (w/city approved $300 million remodel planned), Orange County School of the Arts and the rapidly gentrifying Downtown Santa Ana stacked full of eclectic eateries and elevated dining, fantastic night life, shopping and a host of other activities.
1524-1530 N. Sycamore is attractively priced under $250,000 per unit and under $300 per sq.ft., well below the recent sales around Santa Ana. A new investor can immediately produce a respectable cash-flow with as little as a 35% down payment. An estimated 25% in rental upside will help enhance the returns in the coming years making this multi-family community a truly excellent investment opportunity.
**(2) 2BR/1BA are non-conforming units. Originally one-bedroom units with an added bedroom.
