Share This Listing

Message

941 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

3626 S Marine St - 3626 S. Marine St. 4 Unit Apartment Building Offered at $1,685,000 at a 3.50% Cap Rate Santa Ana, CA 92704

Save this listing!

Favorite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

3626 S. Marine St. 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 Marine St. property boasts a Laundry Room for additional income potential. The property exudes pride of ownership, and has been well maintained. 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 2732 W. Orion Ave. 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 $94,524 $21.75
Other Income - -
Vacancy Loss - -
Effective Gross Income $94,524 $21.75
Taxes $18,752 $4.32
Operating Expenses $14,315 $3.29
Total Expenses $33,067 $7.61
Net Operating Income $61,457 $14.14

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $94,524
Annual Per SF $21.75
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $94,524
Annual Per SF $21.75
Taxes
Annual $18,752
Annual Per SF $4.32
Operating Expenses
Annual $14,315
Annual Per SF $3.29
Total Expenses
Annual $33,067
Annual Per SF $7.61
Net Operating Income
Annual $61,457
Annual Per SF $14.14

PROPERTY FACTS

Price $1,685,000
Price Per Unit $421,250
Sale Type Investment
Cap Rate 3.50%
Sale Condition Bulk/Portfolio Sale
Gross Rent Multiplier 17.77
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
Building Class C
Building Size 4,345 SF
No. Stories 2
Year Built 1970
Parking Ratio 0.92/1,000 SF

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 1 - -
2+2 2 - -
2+1 1 - -
Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
414-011-07
Land Assessment
$41,667 (2025)
Improvements Assessment
$120,109 (2025)
Total Assessment
$161,776 (2025)
Annual Taxes
$18,752 ($4.32/SF)
Tax Year
2024
  • Listing ID: 37795102

  • Date on Market: 9/23/2025

  • Last Updated:

  • Address: 3626 S Marine St, Santa Ana, CA 92704

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}