1401 S Standard Avenue
Santa Ana, CA 92707
0.23 acres | #OC23089123
Description
The Standard Avenue Apartments is a nine-unit apartment building located in the City of Santa Ana, one of the strongest rental markets in Southern California. The City of Santa Ana is a historic city with a vibrant downtown located in Orange County.
Built in 1961, the subject property offers an attractive unit mix comprised of three-, two-, and one-bedroom units totaling 6,589 square feet. Some amenities include gated entry, ample on-site parking, and an on-site laundry room. Some recent renovations and upgrades include new floors, new bathrooms, updated kitchens, and fresh paint throughout.
This offering represents a rare opportunity for an investor to achieve a 6.05% CAP Rate and 5.76% Cash-on-Cash return, on current income, for a stable, turnkey investment property in the desirable rental market of Santa Ana, California. Additionally, The Standard Avenue Apartments are well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
Interior Details
- FloorsCarpet, Vinyl Plank
Interior Features
- InteriorCrown Molding, Drapes/Curtains/Window Cover, Fire/Smoke Alarm
Heating & Cooling
- CoolingCentral Electric
- HeatingCentral Electric
Beds & Baths
- Bathrooms2.00
- Total Baths2.00
- Bedrooms3
- Full Baths2
Property Details
- OtherBack Yard, Back Yard Fenced, Storage Shed
- Lot DescriptionSubdivision Lot
- Exterior FeaturesBrick
- Stories1
Measurements
- Acres0.0377
- Square Feet1075
Parking
- Parking FeaturesSingle-Wide Driveway
Construction Details
- Property TypeSingle-Family
- StyleTraditional
Material information
- RoofComposition
- FoundationSlab
Utilities / Energy Details
- EnergyAttic Vents, Ceiling Fans, Digital Program Thermostat, High-Efficiency HVAC
Utility
- Sewer InformationPublic Sewer, Public Water
Community and Neighborhood Details
- Elementary SchoolBOONE ELEMENTARY SCHOOL (ALIEF)
- Middle SchoolOLLE MIDDLE SCHOOL
- School District2 - Alief
- High SchoolAISD DRAW
- RegionHouston
- CountyHarris
Other
- Finance AvailableCash Sale, Conventional, FHA, VA
-
- GarageAttached Garage
- Price/sqft139.53
- Built In1970
- Garage Spaces1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Greg Bassirpou (#SBASSGRE)
Listing Office: Marcus & Millichap RE Invest (#H05626)
Listing Courtesy (Buyer)
Buyer's Agent: Greg Bassirpou (#SBASSGRE)
