549 N Tustin Avenue, Santa Ana, California 92705

$2,540,000

Property Type

Residential Income

Building Size

7,040 sqft

City

Santa Ana

Status

Active

Excellent opportunity to acquire a 10-unit multifamily building on the border of Santa Ana and Tustin. Located at 549 N Tustin Ave, this multifamily asset was built in 1976. It offers ten large and well maintained 1 bedroom + 1 bathroom units. The building boasts a total of 7,040 gross rentable square feet and is part of a community of 35 similar buildings. The complex is managed by an HOA which staffs an on-site management office. Gated access, two pool areas, a large playground, off-street parking and on-site laundry facilities make the property particularly appealing for renters and landlords. The property conveniently located right on the border of Santa Ana and Tustin with onramps to both the 55 and 5 freeways a couple of minutes away. The property is walking distance to Subway Restaurant, Country Café, Noodle Place and more. Just to the North of the property are multiple hospitals and medical clinics offering convenient care and job opportunities. Sports fans will find the location particularly appealing due to its convenient location about fifteen minutes by car to The Honda Center and Angel Stadium. For the right investor, this multifamily asset represents a the perfect opportunity to generate years of steady cash flow with minimal management or maintenance responsibilities. With the HOA handling management, maintenance and leasing this is the perfect passive investment for an owner who is looking for a completely hands-off ownership experience. As units turn over, the upside in rental income will be easily achievable.