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1210 1214 S Pacific Avenue, Santa Ana, CA

$3,650,000 - 1 Bed - 1 Bath - 8,396 Sqft - .32 Acres

The Pacific Avenue Apartments are located at 1210-1214 South Pacific Avenue in Santa Ana, one of the strongest rental markets in Southern California. The property offers a unit mix consisting of (16) one-bedroom/ one-bathroom units totaling 8,396 square feet, situated over two parcels. The subject property has recently gone through extensive interior and exterior renovations. Some upgrades include but are not limited to new flooring, new kitchens, updated bathrooms, new asphalt, and new electric. Common area amenities include a large courtyard, gated access, ample on-site parking, and an 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, turn-key investment property in the desirable rental market of Santa Ana, California.

Essential Information

For 1210 1214 S Pacific Avenue, Santa Ana, CA
  • MLS® # OC21070501
  • Price $3,650,000
  • Bedrooms 1
  • Bathrooms 1.00
  • Square Footage 8,396
  • Acres 0.32
  • Year Built 1957
  • Type Residential Income
  • Status Active

Community Information

For 1210 1214 S Pacific Avenue, Santa Ana, CA
  • Address 1210 1214 S Pacific Avenue
  • Area Wrigley Area (5)
  • City Santa Ana
  • County Orange
  • State CA
  • Zip Code 92704

Interior

For 1210 1214 S Pacific Avenue, Santa Ana, CA
  • # of Stories 2
  • Stories Two

Exterior

For 1210 1214 S Pacific Avenue, Santa Ana, CA

Lot Description

For 1210 1214 S Pacific Avenue, Santa Ana, CA

Near Public Transit, Landscaped

Additional Information

For 1210 1214 S Pacific Avenue, Santa Ana, CA
  • Date Listed April 2nd, 2021
  • Days on Market 5

Listing Details

For 1210 1214 S Pacific Avenue, Santa Ana, CA
  • Agent Greg Bassirpou(01365951)
  • Office Marcus & Millichap RE Invest

Based on information from California Regional Multiple Listing Service, Inc. as of April 11th, 2021 at 12:36am 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.