Log In/Sign Up
Your email has been sent.
1027 N Parton St 9 Unit Apartment Building $3,044,954 CAD ($338,328 CAD/Unit) 3.29% Cap Rate Santa Ana, CA 92701
Investment Highlights
- Spacious One- & Two-Bedroom Units (Avg. 867 SF)
- Located in an Opportunity Zone
- On-Site Laundry Room, Individually Metered for Gas & Electric & Excellent Parking with (9) Garage Spaces & Open Spaces
- Significant Upside to a Market Cap of 7.31%
- Recent Capital Improvements Including Updated Flooring in Select Units, SB 721 Balcony Inspection Completed & Passed and New Roof & Windows Installed
- Strong Central Orange County Location - Near Major Thoroughfares Including N. Flower St. & W. Washington Ave. and Minutes From the 5 Freeway
Executive Summary
Opportunity to acquire a 9-unit multifamily asset in central Orange County, featuring spacious one- and two-bedroom units averaging 867 SF. With rents resettable to market upon vacancy under Santa Ana Rent Control, the property is positioned to exceed a 7% market cap rate. Located in an Opportunity Zone with recent capital improvements including a new roof, updated windows, and a passed SB 721 inspection. Community amenities include on-site laundry and 9 garage spaces. Conveniently located near the 5 Freeway, N. Flower St., and W. Washington Ave.
Property Facts
| Price | $3,044,954 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $338,328 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 3.29% | Building Size | 7,800 SF |
| Gross Rent Multiplier | 16.23 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.15/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $3,044,954 CAD |
| Price Per Unit | $338,328 CAD |
| Sale Type | Investment |
| Cap Rate | 3.29% |
| Gross Rent Multiplier | 16.23 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,800 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.15/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,507 CAD | 725 |
| 2+1 | 3 | $1,789 CAD | 900 |
| 2+2 | 1 | $2,145 CAD | 1,475 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 398-533-01 | Improvements Assessment | $451,824 CAD |
| Land Assessment | $1,965,165 CAD | Total Assessment | $2,416,989 CAD |
Property Taxes
Parcel Number
398-533-01
Land Assessment
$1,965,165 CAD
Improvements Assessment
$451,824 CAD
Total Assessment
$2,416,989 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1027 N Parton St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.