2001 W Myrtle St 6 Unit Apartment Building $1,650,000 ($275,000/Unit) 6% Cap Rate Santa Ana, CA 92703

2001 W Myrtle Street presents the opportunity to acquire a six-unit multifamily asset in Santa Ana, one of Orange County's most established rental housing markets. The property consists of six residential units, each configured with two bedrooms and one bathroom, creating a consistent unit mix that supports straightforward management and leasing operations. The building is currently reported as fully occupied, providing immediate in-place income for investors seeking a stabilized asset.
Recent capital improvements include three remodeled bathrooms, two updated kitchens, and the installation of new water heaters. These upgrades contribute to the property's ongoing operation and may help reduce near-term maintenance requirements. The combination of an established tenant base and recent improvements positions the asset as an opportunity for investors seeking current income with potential future operational upside.
The property benefits from its location in central Santa Ana, with convenient access to regional transportation routes including Interstate 5 and State Route 22. Residents are within proximity to retail centers, dining establishments, schools, employment hubs, and other daily amenities throughout Orange County. Santa Ana's position within the broader Southern California economy provides access to a large workforce base and major employment centers throughout Orange County, Anaheim, Irvine, and surrounding communities.
With a six-unit configuration, recent property improvements, and access to major transportation corridors and neighborhood services, 2001 W Myrtle Street offers a multifamily investment opportunity in an established Southern California rental market.