1210-1214 South Pacific Avenue
1210-1214 South Pacific Avenue
$3,625,000
1
16
8,396
8,396
$432
Closed 7/30/21
Description
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....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.
- Listed by Greg Bassirpou • DRE #01365951 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest
Property Details for 1210-1214 South Pacific Avenue
Parking Spaces Total
0
Private PoolNo
Total Units16.0
Building TypeDetached
Lot Size SourcePublic Records
Living Area8396
Assessor Parcel Number109-412-03
Property Attached YNfalse
Location
LISTING UPDATED: 08/02/2021 05:28 AM
Property Details for 1210-1214 South Pacific Avenue
Status | Closed |
---|---|
MLS # | OC21070501 |
Days on Market | 28 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 0.32 AC / 13,981 SF |
County | Orange County |
Location
Building Information for 1210-1214 South Pacific Avenue
Stories2Residences-Year Built1957Building Size-Lot Size0.32 AC / 13,981 SF
Payment Calculator
$19,783 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1210-1214 South Pacific Avenue
Property History for 1210-1214 South Pacific Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1210-1214 South Pacific Avenue
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 |
---|---|---|
Monte Vista Elementary School PublicK to 5 | ||
Gerald P. Carr Intermediate School Public6 to 8 | ||
Valley High School Public9 to 12 | ||
El Sol Santa Ana Science And Arts Academy CharterK to 8 |
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.
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