REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,975,000
Est. payment /mo
New
409 E Pine Street Santa Ana, CA 92701
3 Beds
2 Baths
0.32 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26219394
Bedrooms 3
Lot Size 0.321 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County Orange
Zoning Public Rec
Direction South of First Street and east of Main Street.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 40408609
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Garrett Blair, DRE#02026908 Morgan Skenderian
Co-listed byRick Applebaum • Morgan Skenderian
Co-listed byRick Applebaum • Morgan Skenderian