1413 S Standard Ave, Southeast Industrial District, Santa Ana, CA 92707

Southeast Industrial District, Santa Ana, CA 92707
Multi Family Townhouse
Source of Data:
Combined Los Angeles/Westside MLS
Combined Los Angeles/Westside MLS

Property Description

We are pleased to offer the opportunity to acquire 1413 & 1421 South Standard Avenue, a 20-unit apartment building located in a rapidly evolving neighborhood of Santa Ana. This unique property that has an attractive CAP rate year 1, and still offers over 30% upside potential. Built in 1961, this courtyard style apartment is situated on two separate adjacent parcels, requiring no on-site manager, totaling a lot size of 20,736 SqFt. The property features a secured and gated access to the building, a great unit mix of twelve (12) one-bedroom/one-bathroom units, and eight (8) two-bedroom/one-bathroom units with twenty-four (24) surface spots and on-site laundry facility for additional income and convenience. The property is well-maintained, but offers plenty of potential for interior renovations and exterior upgrades to the courtyard to create a peaceful oasis for resident to relax. If you're looking for high returns and a low-maintenance investment property with potential for growth, 1413 & 1421 South Standard Avenue is a must-see. With this rare buying opportunity, a new owner will have the opportunity to capture over 30% in rental upside, enjoy strong cash flow year one, and take advantage of the fundamentals fueling the rental neighborhood of Santa Ana for years to come.
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  • Interior
    14,470 Sq Ft.
  • Exterior
    .24 Acres
  • Property Type
    Multi Family Townhouse
  • Year Built
  • MLS/Listing ID
  • Days On Market
Listing Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati - 01911204 - 949-533-4650