809 S Townsend Street, Santa Ana, California 92704
$2,200,000
- Property Type
- Residential Income
- Building Size
- 6,840 sqft
- City
- Santa Ana
- Status
- Active
809 S. Townsend Street is a 10-unit, 1961-vintage multifamily asset in Santa Ana totaling 6,840 SF of net rentable area on a 12,240 SF lot. The property is 100% occupied with a mix of six 1BR/1BA and four 2BR/1BA units, each with a private garage plus on-site laundry and ample street parking. Current ownership has recently completed several capital improvement projects including SB 721 compliance, deck repairs, new railings, new windows, and a new water heater, improving curb appeal and helping to minimize near-term capital expenditures. Current rent levels project to have 57% upside, with an 8.5% pro forma cap rate on market rents. Long-term ownership and a motivated seller create a clear value-add path for investors seeking stable in-place income with substantial rental upside in a high-demand Orange County submarket.
About
Listed by Rick Applebaum with Morgan Skenderian
Quick Facts
MLS Property Type
Residential Income
Property Subtype
Apartment
Status
Active
MLS Number
PW26222660
Year Built
1960
Building Size
6,840 sq ft
Units
10
Lot Size
0.28 acres
Location
Click to interact with map
Details
You Might Also Like
Photo coming soon
1109 S Standard Ave, Santa Ana
- 10 units
- Apartment
- 6,004 building square feet
- ≈$210K/unit
- 7,303 square foot lot
- built in 1958
Listed by Garrett Blair with Morgan Skenderian
Photo coming soon
810 S Flower, Santa Ana
- 6 units
- Mixed Use
- 5,216 building square feet
- ≈$340K/unit
- 9,259 square foot lot
- built in 1982
Listed by Randall Mycorn with R L M Equities
Photo coming soon
409 E Pine St, Santa Ana
- 12 units
- Apartment
- 8,628 building square feet
- ≈$250K/unit
- 0.32 acre lot
- built in 1983
Listed by Garrett Blair with Morgan Skenderian
Photo coming soon
549 N Tustin Ave, Santa Ana
- 10 units
- Apartment
- 7,040 building square feet
- ≈$250K/unit
- 8.42 acre lot
- built in 1976
Listed by Justin White with Justin White
Photo coming soon
1001 W Myrtle, Santa Ana
- 3 units
- Single Family
- 3,726 building square feet
- ≈$490K/unit
- 9,583 square foot lot
- built in 1987
Listed by Carmen Abram Tawfik with T.N.G. Real Estate Consultants
Photo coming soon
1516 W 5th, Santa Ana
- 4 units
- Quadruplex
- 1,600 building square feet
- ≈$300K/unit
- 6,098 square foot lot
- built in 1951
Listed by Randall Mycorn with R L M Equities
Photo coming soon
813 N Figueroa St, Santa Ana
- 2 units
- Triplex
- 0.14 building square feet
- ≈$700K/unit
- 6,050 square foot lot
- built in 2020
Listed by JulieLieu Le with Topstar Real Estate
Photo coming soon
1102 French, Santa Ana
- 4 units
- Quadruplex
- 3,462 building square feet
- ≈$420K/unit
- 8,276 square foot lot
- built in 1917
Listed by Patrick Hanna with Alt Financial Network Inc