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Golden Terrace Apartments 819 W Washington Ave 20 Unit Apartment Building $5,850,000 ($292,500/Unit) 5.63% Cap Rate Santa Ana, CA 92706
INVESTMENT HIGHLIGHTS
- Golden Terrace Apartments, 819 Washington Avenue, is a stabilized, 20-unit multifamily at 100% occupancy to provide immediate cash flow.
- Prime location less than a mile from Downtown Santa Ana with an upcoming OC Streetcar opening in 2026 to enhance connectivity and renter appeal.
- Benefits from well-targeted tenant demographics, as approximately 60% of housing occupants within a 3-mile radius are renters.
- $1 million in capital improvements made to the common areas, exterior, and roof in the last 5 years, with mostly fully or partially renovated units.
- Immediate access to major freeways, including Interstate 5, SR 22, and SR 55, connecting residents to job centers in Irvine, Anaheim, and Los Angeles.
- Situated on a valuable 0.25-acre lot at the corner of N Flower Street and W Washington Avenue, which sees over 24,000 vehicles pass daily.
EXECUTIVE SUMMARY
SRS Capital Markets presents this exclusive investment opportunity to acquire a fully leased, stabilized multifamily asset.
The Golden Terrace Apartments is a 15,760-square-foot multifamily building comprising 20 units on a highly visible 0.25-acre corner lot. Currently 100% occupied, investors will enjoy stable, in-place income with minimized capital expenditures due to recent updates. Ownership has invested approximately $1 million over the past five years in improving the common areas, exterior, and roof, as well as completely or partially renovating most of the units. The apartment building also features a convenient parking garage, a rare advantage in this sought-after infill location.
Located at 819 Washington Avenue, this is an attractive destination for renters with Downtown Santa Ana less than a mile away and excellent transport links that streamline access throughout Orange County. With its proximity to Interstate 5, SR 22, and SR 55, residents are connected to dense employment centers in Irvine, Anaheim, and Los Angeles. Additionally, John Wayne Airport is within a 15-minute drive from the site. An upcoming OC Streetcar is scheduled to be operational in 2026, which will run through Downtown Santa Ana and significantly expand accessibility.
The Golden Terrace Apartments is a 15,760-square-foot multifamily building comprising 20 units on a highly visible 0.25-acre corner lot. Currently 100% occupied, investors will enjoy stable, in-place income with minimized capital expenditures due to recent updates. Ownership has invested approximately $1 million over the past five years in improving the common areas, exterior, and roof, as well as completely or partially renovating most of the units. The apartment building also features a convenient parking garage, a rare advantage in this sought-after infill location.
Located at 819 Washington Avenue, this is an attractive destination for renters with Downtown Santa Ana less than a mile away and excellent transport links that streamline access throughout Orange County. With its proximity to Interstate 5, SR 22, and SR 55, residents are connected to dense employment centers in Irvine, Anaheim, and Los Angeles. Additionally, John Wayne Airport is within a 15-minute drive from the site. An upcoming OC Streetcar is scheduled to be operational in 2026, which will run through Downtown Santa Ana and significantly expand accessibility.
PROPERTY FACTS
| Price | $5,850,000 | Building Class | B |
| Price Per Unit | $292,500 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 15,760 SF |
| Cap Rate | 5.63% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3 - Multi-Family Residence | ||
| Price | $5,850,000 |
| Price Per Unit | $292,500 |
| Sale Type | Investment |
| Cap Rate | 5.63% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 15,760 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 1.33/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 - Multi-Family Residence |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
SITE AMENITIES
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 720 - 800 |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 398-581-09 | Improvements Assessment | $1,785,566 |
| Land Assessment | $923,571 | Total Assessment | $2,709,137 |
PROPERTY TAXES
Parcel Number
398-581-09
Land Assessment
$923,571
Improvements Assessment
$1,785,566
Total Assessment
$2,709,137
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Golden Terrace Apartments | 819 W Washington Ave
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