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Anthony Napoli

realestate@anthonynapoli.com +1(619) 750-3558

$3,450,000

Est. payment - /mo

1 Bed

1 Bath

0.34 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26035733

Bedrooms 1

Lot Size 0.344 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

This well-maintained 18-unit apartment community presents a compelling value-add opportunity in the heart of a rapidly evolving urban core. The property features all one-bedroom units and offers desirable amenities including private garages, secured access, a central landscaped courtyard, and on-site laundry, creating strong tenant appeal. Recent capital improvements include new roofs, replaced electrical panels, and full SB 721 compliance, significantly reducing near-term maintenance and risk. Offered at an exceptionally attractive $191,667 per unit, the asset delivers impressive fundamentals with approximately 25% rent upside, approximately 15% cash flow on market rents, and projected 38% equity growth upon stabilization. Situated blocks from Downtown Santa Ana and the vibrant 4th Street Market, residents enjoy walkable access to a thriving mix of dining, entertainment, nightlife, and cultural attractions, along with proximity to major employment centers and transit, making this an ideal location for tenants seeking both convenience and lifestyle.

Location

State CA

County Orange

Zoning Assessor

Direction South of 1st Street and East of Main Street

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 39851406

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Listed by Rick Applebaum, DRE#01273871 Morgan Skenderian
Co-listed byPaul Espinosa • Morgan Skenderian

Nearby School & Business

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Anthony Napoli

+1(619) 750-3558

Agent License ID: 01311452

116 S Orange Santa Ana, CA 92701

Anthony Napoli

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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