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415 W Pine St 6 Unit Apartment Building $1,879,000 ($313,167/Unit) 6.40% Cap Rate Santa Ana, CA 92701
Investment Highlights
- 6.4% Cap Rate on Current Rents
- Large Lot, Unique Building Layout
- Opperrtunity Zone
Executive Summary
6 Units in the heart of Santa Ana. Located walking distance from multiple schools, parks, OC Civic Center and Historic Downtown Santa Ana! The Pine Apartments offer an investor STRONG in place cashflow, low maintenance renovated property condition, and low expense operations. All new tenants are on RUBS program, generating extra cashflow. The building contains one and two bedroom floor plans, including cottage style units with no shared walls. Other amenities include: washer/dryer hookups, AC and Heating, Garage and Reserved parking, large private patios, dual pane windows, brand new kitchens and bathrooms, vinyl flooring, and private front and rear entries. The buildings also has a massive basement that is currently unused and unrented!
Property Facts
| Price | $1,879,000 | Building Class | C |
| Price Per Unit | $313,167 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,700 SF |
| Cap Rate | 6.40% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.95 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1921 |
| Property Type | Multifamily | Parking Ratio | 1.49/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | SD-40, Santa Ana | ||
| Price | $1,879,000 |
| Price Per Unit | $313,167 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Gross Rent Multiplier | 10.95 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1921 |
| Parking Ratio | 1.49/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | SD-40, Santa Ana |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Oven
- Tub/Shower
- Yard
- Deck
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Online Services
- Smoke Detector
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 398-281-10 | Improvements Assessment | $185,845 |
| Land Assessment | $839,155 | Total Assessment | $1,025,000 |
Property Taxes
Parcel Number
398-281-10
Land Assessment
$839,155
Improvements Assessment
$185,845
Total Assessment
$1,025,000
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415 W Pine St
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