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

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.