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1401 S Standard Avenue

Santa Ana, CA 92707

– beds
– baths
– sqft
10,181 sqft lot
1961 build
– on site

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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.

Listed By CRMLS_CA / Greg Bassirpou / Marcus & Millichap RE Invest

Last checked: Checking… • Last updated Oct 13, 2023 •

MLS# OC23089123 —

The Building

Year Built:

1961
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

6589.00
Building Area Units:

Square Feet
Total Number Of Units:

9
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

9
# of Separate Water Meters:

1
# of Separate Electric Meters:

9

Interior

Levels:

Two
Entry Location:

Ground
Laundry:

Community
Laundry:

1

Location

Directions:

Please do not disturb tenants. Make all offers subject to inspection.
Latitude:

33.73045800
Longitude:

-117.85601400

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

R3
Lot Features:

Landscaped, Near Public Transit
Lot Size Area:

10181.0000
Lot Size Acres:

0.2337
Lot Size SqFt:

10181.00
Lot Size Source:

Public Records
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

744.03
Tax Tract:

3533
Tax Lot:

32

The Listing

Special Listing Conditions:

Standard
Parcel Number:

01425216

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Sidewalks, Storm Drains, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

12.00
Uncovered Spaces:

12.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/12/23 Oct 12, 2023	Sold	CRMLS_CA	$2,150,000	-6.3%
9/19/23 Sep 19, 2023	Pending	CRMLS_CA	$2,295,000
9/11/23 Sep 11, 2023	Price Changed	CRMLS_CA	$2,295,000	-9.6%

Multifamily Sold on 10/12/2023

$2,150,000

Listing provided by broker:

Greg Bassirpou

Marcus & Millichap RE Invest

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Listing Courtesy of: CRMLS_CA and Marcus & Millichap RE Invest. Based on information from California Regional Multiple Listing Service, Inc. as of 12:56 on Apr 28.

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.

1401 S Standard Avenue

Santa Ana, CA 92707