Property listed by R L M Equities, Randall Mycorn 949-573-5309
$2,950,000
JUST REDUCED: NEW VACANCY FOR RENT $2100.
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… Read More 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 resident convenience, as well as 14 gated garage parking spaces located on the first floor. Read Less
Listing Snapshot
Days Online
45
Last Updated
Property Type
MixedUse
Lot Size
0.19 Acres
Year Built
1983
MLS Number
NP26007705
Additional Details
Building
Built in 1983, 1 building, 3 stories, Levels: ThreeOrMore, Entry level: 1, Entry location: 1
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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