409 E Pine St
santa ana, CA 92701$2,975,000
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409-415 E. Pine Street is a 12-unit multifamily property located in Santa Ana, CA, offering investors an opportunity to acquire a well-located Orange County asset. Built in 1983, the property consists of two contiguous parcels totaling 8,628 square feet of rentable area situated on a 14,000 square foot lot.
The community features a desirable unit mix of four 1BR/1BA units and eight 2BR/1BA units, along with amenities including on-site laundry, gated entry, individual water heaters, and patios/balconies in select units. Recent capital improvements include roof restoration, HVAC replacements, water heater replacement, and interior updates to select units.
The property is offered at a 6% CAP Rate on current income with 25% rental upside, providing investors with additional growth potential through continued upgrades, turnover, and rent increases.
Details
8,628 Sq Ft
0.3214 Private Acres Lot Size
apartment
$2,775 Monthly Tax
Built in 1983
MLS/Listing ID PW26219394
2 Stories
12 Units
Amenities & Features
Community - Storm Drains
Blinds
Public Sewer
Electric Range
Parking
Public Water
Community - Street Lights
Community - Suburban
Community - Sidewalks
Construction - Frame
Construction - Stucco
Construction - Wood Siding
Cooling - Wall/window unit(s)
Chain-link
Fair Condition
Slab
Heating - Wall Furnace
Balcony
Common Area
Gas Range
Water Heater
Style - Traditional
Community - Gutters
Laundry Room
Lot - Landscaped
Lot - Rectangular Lot
Parking - Assigned
Parking - Concrete
Parking - Carport
Parking - Community Structure
Composition
Flat
Estimate my mortgage
TOTAL MONTHLY COST
$0
- PRINCIPAL & INTEREST
$0
- PROPERTY TAXES
$0
- Common Charges
$0
HOME PRICE
DOWN PAYMENT
TERM
INTEREST
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.