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Listed by: Randall Mycorn DRE #02078223 | R L M Equities (949) 573-5309
$3,100,000
-- Bed
- 8 Baths
--sqft
710 W Washington, Santa Ana, CA 92706
$3,100,000
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Mixed Use
Built in 1983
$-- HOA
8,133 sqft lot
--/sqft
Description
The Washington Apartments is a 14-unit apartment community located in the heart of Santa Ana. Built in 1983 and situated just north of the historic Downtown District, the property offers investors a high–cash-flow opportunity with significant upside potential. The property is attractively priced at a strong 5.9% cap rate based on current income, with local market rents supporting an estimated 8.9% pro forma cap rate.
The Washington Apartments features spacious studio units, each exceeding 700 square feet. Residents currently pay RUBS, contributing to efficient, low-expense operations. The property also provides multiple on-site common-area laundry machines for reside...
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1983
HOA Fees
-
Finished Area
- sqft
Lot Size
8,133 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
NP26007705
MLS Status
Active
Days on Market
16
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