Description

10-unit multifamily property for sale on S Standard Ave in Santa Ana, CA, offered at $2,100,000 ($210,000/unit). Highlights: Substantial Revenue Upside: Realize a projected 62% rental upside as current in-place rents ($1,231/mo) transition to market rates ($1,995/mo) in a high-demand submarket.; Exceptional Stabilized Yield: Achieves an 8.4% CAP Rate and 9.4% Cash on Cash Return on market/proforma rents, delivering strong long-term cash flow potential.; Prime Location & Park Proximity: Located on a major thoroughfare adjacent to Gerardo Mouet Park, which features basketball courts, a skate park, playgrounds, and exercise areas.; Motivated Seller & Value-Add Potential: Long-term owner retiring from active management. Highly motivated and realistic Seller creating an excellent opportunity for a well positioned Buyer.; Capital Improvements: Many needed capital improvements completed reducing the need for the Buyer to infuse additional capital.. Listed by Rick Applebaum and Garrett Blair of Morgan-Skenderian Investment Real Estate Group. Contact Rick Applebaum at 949-432-6954 or rma@morganskenderian.com for details.