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311-313 E Pine St
Santa Ana, CA 92701
Park Town Townhomes · Multifamily Property For Sale
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19 Units
Investment Highlights
- 4.6% CAP Rate, 14 GRM and 8% Total Return on Current Income
- Highly Desirable Unit Mix Consisting of Very Large Three and Two-Bedroom Townhouse Units / In-Unit Washer & Dryer Hookups, Individual Water Heater
- Secured Large Interior Courtyard & Elevator-Access / Separately Metered and RUBS Program in Place
- Newer Construction / Built in 1987 with Over $350K in Recent Renovations / Upgrades of Interiors & Exterior
- Ample On-Site Gated Subterranean Parking (40 Spaces) / Gated Entrance with Call Box, Security Camera System and Fire Alarm Sprinklers
- Within Walking Distance to the Trendy Artist Village, Historic District, Shops, Restaurants, & Downtown Business District
Property Facts
| No. Units | 19 | Building Size | 20,525 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1987/2021 |
| Building Class | B | Parking Ratio | 2.05/1,000 SF |
| Lot Size | 0.40 AC | ||
| Zoning | R3, Santa Ana - Multiple-Family Residential | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 20,525 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1987/2021 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | R3, Santa Ana - Multiple-Family Residential |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Sprinkler System
- Range
- Walk-In Closets
- Patio
- Porch
- Large Bedrooms
Site Amenities
- Controlled Access
- Courtyard
- Elevator
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 13 | $2,073 | - |
| 3+2 | 6 | $2,375 | - |
Property Taxes
| Parcel Number | 404-093-19 | Improvements Assessment | $2,706,080 |
| Land Assessment | $4,127,920 | Total Assessment | $6,834,000 |
Property Taxes
Parcel Number
404-093-19
Land Assessment
$4,127,920
Improvements Assessment
$2,706,080
Total Assessment
$6,834,000
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