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1013 S Standard Avenue, Santa Ana, CA

$5,590,000 - 1 Bed - 1 Bath - 14,776 Sqft - .36 Acres

The Standard Avenue Apartments are 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 1958, the subject property offers a unit mix consisting of (24) one-bedroom/ one-bathroom units totaling 14,776 square feet, situated over two parcels totaling 15,764 square feet. The subject property has recently gone through an extensive exterior renovation and partial interior renovations. Some upgrades include but are not limited to new flooring, new kitchens, updated bathrooms, new roofs, new windows, new asphalt, new electric, and fresh interior and exterior paint. Common area amenities include a large courtyard, gated access, ample on-site parking, and a on-site, building-owned laundry facility. This offering represents a rare opportunity for an investor to achieve a 5% CAP Rate and 10.4% Cash-on-Cash/Total Return on current income for a stable, turnkey investment property in the desirable rental market of Santa Ana, California.

Essential Information

For 1013 S Standard Avenue, Santa Ana, CA
  • MLS® # OC21048187
  • Price $5,590,000
  • Bedrooms 1
  • Bathrooms 1.00
  • Square Footage 14,776
  • Acres 0.36
  • Year Built 1958
  • Type Residential Income
  • Status Active

Community Information

For 1013 S Standard Avenue, Santa Ana, CA
  • Address 1013 S Standard Avenue
  • Area Wrigley Area (5)
  • City Santa Ana
  • County Orange
  • State CA
  • Zip Code 92701

Interior

For 1013 S Standard Avenue, Santa Ana, CA
  • # of Stories 2
  • Stories Two

Exterior

For 1013 S Standard Avenue, Santa Ana, CA

Lot Description

For 1013 S Standard Avenue, Santa Ana, CA

Landscaped, Near Public Transit

Additional Information

For 1013 S Standard Avenue, Santa Ana, CA
  • Date Listed March 8th, 2021
  • Days on Market 33

Listing Details

For 1013 S Standard Avenue, Santa Ana, CA
  • Agent Greg Bassirpou(01365951)
  • Office Marcus & Millichap RE Invest

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Based on information from California Regional Multiple Listing Service, Inc. as of April 10th, 2021 at 11:36pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.