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1 OF THE CHEAPEST PRICE PER UNIT COMPLEX 1416 N Spurgeon St 20 Unit Apartment Building $5,740,316 CAD ($287,016 CAD/Unit) 5.41% Cap Rate Santa Ana, CA 92701
Investment Highlights
- VALUE ADD OPPORTUNITY! 1978 Construction - Gated Community with Garages & Covered Parking
- Individually metered for both Gas & Electric
- On Site laundry room (Owned)
- 100% Occupied with huge upside in rents
- Great unit mix of 1 bedroom & Studio units
- Close to an Elementary School, Shopping, Restaurants, and Freeways.
Executive Summary
UPDATED PRICING!!
VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!!
ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!!
Alliance Investment Real Estate Group is pleased to offer for sale this well-located gated property in the highly desirable French Park neighborhood that's located in the North end of the Historic French Park neighborhood. This property is well located and next to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This property is located just minutes away from the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1978 construction community is individually metered for both Gas & Electric (tenant pays for this) and is 100% occupied with huge rental upside. This community also has on site laundry room (that is owned) and has plenty of parking space (offering both garages & covered gated parking).
ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! SUBMIT ALL OFFERS!!
Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Please call listing office for more information at 949-250-0400.
VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!!
ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!!
Alliance Investment Real Estate Group is pleased to offer for sale this well-located gated property in the highly desirable French Park neighborhood that's located in the North end of the Historic French Park neighborhood. This property is well located and next to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This property is located just minutes away from the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1978 construction community is individually metered for both Gas & Electric (tenant pays for this) and is 100% occupied with huge rental upside. This community also has on site laundry room (that is owned) and has plenty of parking space (offering both garages & covered gated parking).
ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! SUBMIT ALL OFFERS!!
Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Please call listing office for more information at 949-250-0400.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$461,150
|
$42.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$461,150
|
$42.37
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$150,478
|
$13.83
|
| Net Operating Income |
$310,672
|
$28.54
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $461,150 |
| Annual Per SF | $42.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $461,150 |
| Annual Per SF | $42.37 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $150,478 |
| Annual Per SF | $13.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $310,672 |
| Annual Per SF | $28.54 |
Property Facts
| Price | $5,740,316 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $287,016 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 5.41% | Building Size | 10,884 SF |
| Gross Rent Multiplier | 12.45 | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 2.76/1,000 SF |
| Zoning | R3, Santa Ana - Residential, High-Density | ||
| Price | $5,740,316 CAD |
| Price Per Unit | $287,016 CAD |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| Gross Rent Multiplier | 12.45 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 10,884 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 2.76/1,000 SF |
| Zoning | R3, Santa Ana - Residential, High-Density |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
Site Amenities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | $1,859 CAD | 544 |
| 1+1 | 4 | $2,085 CAD | 544 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 398-133-29 | Improvements Assessment | $1,833,627 CAD (2025) |
| Land Assessment | $2,037,370 CAD (2025) | Total Assessment | $3,870,997 CAD (2025) |
Property Taxes
Parcel Number
398-133-29
Land Assessment
$2,037,370 CAD (2025)
Improvements Assessment
$1,833,627 CAD (2025)
Total Assessment
$3,870,997 CAD (2025)
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1 OF THE CHEAPEST PRICE PER UNIT COMPLEX | 1416 N Spurgeon St
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