Description

10-unit multifamily property for sale on S Townsend Street in Santa Ana, CA, offered at $2,200,000 ($220,000/unit). Highlights: Diversified Unit Mix: Six 1BR/1BA and four 2BR/1BA units appeal to a broad renter base, supporting 100% occupancy and stable in-place income.; Desirable Parking and Amenities: (10) garages, one for each unit, plus on-site laundry and ample street parking for residents and guests.; 57% Projected Rental Upside: Current rents sit well below market levels supporting a discounted purchase price and a clear value-add path.; Exceptional Stabilized Yield: Achieves an 8.5% CAP Rate and 9.8% Cash on Cash Return on market/proforma rents, delivering strong long-term cash flow potential.; 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.. 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.