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INVESTMENT HIGHLIGHTS
- Unique Property: 888 on Main is a one-of-a-kind 148-unit multifamily asset located near Downtown Santa Ana, California.
- Urban Core Opportunity Zone Location: Prime downtown Santa Ana setting with strong walkability and access to employers, dining, and entertainment.
- Differentiated Asset: Stands out in the market as a rare office-to-multifamily conversion with strong appeal to urban renters.
- Adaptive Reuse: Former office building transformed into a modern, state-of-the-art apartment community. Due to its recent conversion, the property is
- Contemporary Design: Features upscale finishes, open layouts, and high-demand modern amenities.
- Investment Strength: Combines unique architectural character with new construction quality and efficient operations.
EXECUTIVE SUMMARY
888 on Main represents a premier multifamily investment opportunity in the heart of Downtown Santa Ana, one of Orange County’s most vibrant and supply-constrained rental markets. The property offers a desirable mix of upscale New York inspired loft-style studio, one-, and two-bedroom floorplans, each thoughtfully designed with features that drive strong renter demand. Units include gourmet kitchens with stainless steel appliances, contemporary finishes, high ceilings, oversized windows, ample storage, and newly renovated interiors, providing residents with modern living spaces that command premium rents, as well as views of the city. Due to the conversion in 2021, the property is not subject to local Santa Ana rent control measures.
The community delivers an extensive amenity package that enhances long-term appeal, including a resident clubhouse, 24-hour fitness center, game room with billiards, complimentary Wi-Fi in shared areas, valet trash service, controlled-access garage parking, on-site laundry facilities, and professional management and maintenance. These features not only strengthen tenant satisfaction but also support stable occupancy and consistent cash flow.
Positioned within walking distance of Downtown Santa Ana’s restaurants, retail, and cultural attractions, and with convenient access to regional employment hubs and transit corridors, 888 on Main benefits from strong locational fundamentals. Combined with Orange County’s sustained rental demand and limited pipeline of new supply, the property is well positioned to deliver both steady income and long term value appreciation for investors.
The community delivers an extensive amenity package that enhances long-term appeal, including a resident clubhouse, 24-hour fitness center, game room with billiards, complimentary Wi-Fi in shared areas, valet trash service, controlled-access garage parking, on-site laundry facilities, and professional management and maintenance. These features not only strengthen tenant satisfaction but also support stable occupancy and consistent cash flow.
Positioned within walking distance of Downtown Santa Ana’s restaurants, retail, and cultural attractions, and with convenient access to regional employment hubs and transit corridors, 888 on Main benefits from strong locational fundamentals. Combined with Orange County’s sustained rental demand and limited pipeline of new supply, the property is well positioned to deliver both steady income and long term value appreciation for investors.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.36 AC |
| No. Units | 148 | Building Size | 90,416 SF |
| Property Type | Multifamily | No. Stories | 10 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | SP3, Midtown Specifi Plan - Midtown Specific Plan, Urban residential and mixed-use development | ||
| Sale Type | Investment |
| No. Units | 148 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.36 AC |
| Building Size | 90,416 SF |
| No. Stories | 10 |
| Year Built | 2021 |
| Opportunity Zone |
Yes |
| Zoning | SP3, Midtown Specifi Plan - Midtown Specific Plan, Urban residential and mixed-use development |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Security System
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Corporate Suites
- Gated
- Furnished Units Available
- Gameroom
- Smoke Free
- Bicycle Storage
- Community-Wide WiFi
- Elevator
- Online Services
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 52 | - | 503 - 1,067 |
| 1+1 | 87 | - | 501 - 1,002 |
| 2+2 | 9 | - | 825 - 864 |
Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 005-185-30 | Improvements Assessment | $19,396,125 |
| Land Assessment | $6,465,375 | Total Assessment | $25,861,500 |
PROPERTY TAXES
Parcel Number
005-185-30
Land Assessment
$6,465,375
Improvements Assessment
$19,396,125
Total Assessment
$25,861,500
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888 on Main | 888 N Main St
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