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2732 W. Orion Ave 2732 W Orion Ave 4 Unit Apartment Building $1,710,000 ($427,500/Unit) 4.22% Cap Rate Santa Ana, CA 92704
EXECUTIVE SUMMARY
2732 W. Orion Ave is a highly sought after Covington Style 4-unit multifamily investment property located in Santa Ana, CA. Built in 1970, this property consists of (1) 3- bedroom 2- bath, (2) 2-bedroom 2-bath, and (1) 2- bedroom 1-Bath units. Additionally, each fourplex includes four private garages, enhancing tenant demand and providing additional income potential. The property exudes pride of ownership. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water and trash. This property is being sold alongside another property at 3626 S. Marine St. . Properties can be sold as a portfolio or individually. The property is ideally located minutes from South Coast Plaza, Metro Pointe, The Camp, The Lab, Segerstrom Center, John Wayne Airport, Orange County Museum of Art, Santa Ana College, Mater Dei High School. The property is ideally located near the 405, 55 and 5 FWY for an easy commute.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$110,172
|
$24.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$110,172
|
$24.20
|
| Taxes |
$19,030
|
$4.18
|
| Operating Expenses |
$15,955
|
$3.50
|
| Total Expenses |
$34,985
|
$7.68
|
| Net Operating Income |
$75,187
|
$16.51
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $110,172 |
| Annual Per SF | $24.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $110,172 |
| Annual Per SF | $24.20 |
| Taxes | |
|---|---|
| Annual | $19,030 |
| Annual Per SF | $4.18 |
| Operating Expenses | |
|---|---|
| Annual | $15,955 |
| Annual Per SF | $3.50 |
| Total Expenses | |
|---|---|
| Annual | $34,985 |
| Annual Per SF | $7.68 |
| Net Operating Income | |
|---|---|
| Annual | $75,187 |
| Annual Per SF | $16.51 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+2 | 2 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 414-012-01 | Total Assessment | $161,776 (2025) |
| Land Assessment | $41,667 (2025) | Annual Taxes | $19,030 ($4.18/SF) |
| Improvements Assessment | $120,109 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
414-012-01
Land Assessment
$41,667 (2025)
Improvements Assessment
$120,109 (2025)
Total Assessment
$161,776 (2025)
Annual Taxes
$19,030 ($4.18/SF)
Tax Year
2024
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2732 W. Orion Ave | 2732 W Orion Ave
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