1109 S Standard Avenue, Santa Ana, California 92701
$2,100,000
- Property Type
- Residential Income
- Building Size
- 6,004 sqft
- City
- Santa Ana
- Status
- Active
1109 S. Standard Avenue is a 10-unit multifamily investment property located on a major thoroughfare in Santa Ana, CA. Constructed with 6,004 net rentable square feet on a 7,303 square foot lot, the asset features a uniform unit mix of ten 1-bedroom / 1-bathroom units, on-site laundry facilities, and 10 open parking spaces. Current ownership has recently completed several capital improvement projects including SB 721 compliance, deck repairs and railing replacements, new windows, new water heater, and new exterior paint, improving curb appeal and helping to minimize near-term capital expenditures. Situated directly next door to Gerardo Mouet Park, offering tenants basketball courts, a skate park, a playground, and exercise areas, the property provides immediate access to community amenities. Held by long-term ownership with a motivated seller, the property is offered at a discounted purchase price due to low current rents, presenting a compelling value-add opportunity with a 62% projected rental upside.
About
Listed by Garrett Blair with Morgan Skenderian
Quick Facts
MLS Property Type
Residential Income
Property Subtype
Apartment
Status
Active
MLS Number
PW26222716
Year Built
1958
Building Size
6,004 sq ft
Units
10
Lot Size
7,303 sq ft
Location
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Details
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