1027 N Parton St

10
Baths
7,800 Sq. Ft.
$282 / Sq. Ft.
7,800
Sq. Ft.
$282
per Sq. Ft.

Description

Opportunity to acquire a 9-unit multifamily asset in central Orange County, featuring spacious one- and two-bedroom units averaging 867 SF. With rents resettable to market upon vacancy under Santa Ana Rent Control, the property is positioned to exceed a 7% market cap rate. Located in an Opportunity Zone with recent capital improvements including a new roof, updated windows, and a passed SB 721 inspection. Community amenities include on-site laundry and 9 garage spaces. Conveniently located near the...Opportunity to acquire a 9-unit multifamily asset in central Orange County, featuring spacious one- and two-bedroom units averaging 867 SF. With rents resettable to market upon vacancy under Santa Ana Rent Control, the property is positioned to exceed a 7% market cap rate. Located in an Opportunity Zone with recent capital improvements including a new roof, updated windows, and a passed SB 721 inspection. Community amenities include on-site laundry and 9 garage spaces. Conveniently located near the 5 Freeway, N. Flower St., and W. Washington Ave.
  1. Listed by Daniel Blackwell • DRE #01854961 • Brokerage DRE #00868409 • CB Richard Ellis, Inc.

Property Details for 1027 North Parton Street

Parcel Number
39853301
Total Units
9.0
Living Area
7800
Source Living Area
Assessor
Area
Santa Ana North of First (70)
Vacancy Rate
3%
Lot Size Area
8945
Source Lot Size Area
Assessor
LISTING UPDATED: 04/21/2026 12:07 AM

Property Details for 1027 North Parton Street

StatusActive
MLS #26713283
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.21 AC / 8,945 SF
CountyOrange County

Location

Listing Courtesy of CB Richard Ellis, Inc., Daniel Blackwell, DRE #01854961
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Building Information for 1027 North Parton Street

Stories2Residences-Year Built1959Building Size-Lot Size0.21 AC / 8,945 SF

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$12,798 per month

30 year fixed, 6.36% Interest

Principal and Interest

$10,963

Property Taxes

$1,835

HOA Dues

$0

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Property Information for 1027 North Parton Street

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Entry Only
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $131,592
  • Net Operating Income: $72,286.00
  • Gross Income: $135,588
  • Gross Rent Multiplier: $16.23
  • Total Annual Expense: 59307
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.203
  • Lot Size Square Feet: 8945
Parking Details
Parking Details
  • Parking Garage: Garage, Uncovered
  • Total Parking: 9
  • Garage Spaces Total: 9
  • Parking Features: Garage, Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-13-2026
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,098.00
  • Unit Actual Rent: $5,493.00
  • Unit Projected Rent: $9,500.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,372.00
  • Unit Actual Rent: $4,118.00
  • Unit Projected Rent: $6,750.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $326,446.00
  • Assessed Improvement Percent: 18.69
  • Assessed Land Value: $1,419,845.00
  • Assessed Land Percent: 81.31
  • Assessed Total Value: $1,746,291.00

Property History for 1027 North Parton Street

DateEvent & SourcePriceAppreciation
Apr 13, 2026

Listed (Active)

CRMLS #26713283

$2,200,000—
Apr 13, 2026

Listed (Active)

CLAW #26713283

$2,200,000—
Apr 2, 2014

Expired

CRMLS #CC221515

—
DateEvent & SourcePrice
04/13/2026

Listed (Active)

CRMLS #26713283

$2,200,000
04/13/2026

Listed (Active)

CLAW #26713283

$2,200,000
04/02/2014

Expired

CRMLS #CC221515

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1027 North Parton Street

Taxable ValueLand$1,419,845Additions$326,446Total$1,746,291
Tax Record2025$22,017 ($1,835 / month)
Home Facts
Total Finished SqFt7,822 SqFtAbove Grade Finished SqFt7,822 SqFtLot Size8,945 SqFtStyleMulti-Family Dwelling (2-4)Year Built1959CountyORANGEAPN398-533-01

Schools near 1027 North Parton Street

This home is within Santa Ana Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Heroes Elementary School
PublicK to 5

Willard Intermediate School
Public6 to 8

Santa Ana High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1027 North Parton Street is a multi-family home for sale in Santa Ana, CA 92701. This property was listed for sale on April 13, 2026 by CB Richard Ellis, Inc., it's currently listed at $2,200,000. It has been on the market for a total of 35 days and was last sold on December 16, 2004. This listing's school district is Santa Ana Unified School District. Nearby schools include Heroes Elementary School, Willard Intermediate School and Santa Ana High School. 1027 North Parton Street is a 13-bed, 10-bath, 7,800 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB Richard Ellis, Inc., Daniel Blackwell, DRE #01854961

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.