Park Town Townhomes 311-313 E Pine St 19 Unit Apartment Building $10,436,250 CAD ($549,276 CAD/Unit) 5.76% Cap Rate Santa Ana, CA 92701

This well-maintained property consists of 19 spacious townhouse-style units, predominantly 2-bedroom/2-bath and 3-bedroom/2-bath floorplans. Individual units range from approximately 1,100 to 1,500 sq. ft., situated on a generous 20,525 sq. ft. lot. Residents enjoy premium amenities that enhance livability and tenant appeal, including:
-Private patios
-Dual balconies
-Secured entrance
-Gated parking
Prime Location & Outstanding Walkability:
Located in the vibrant Eastside neighborhood of downtown Santa Ana, the property boasts an exceptional Walk Score of 94/100 (Walker's Paradise), meaning daily errands can be accomplished without a car. Residents are steps away from an abundance of shops, restaurants, entertainment, parks, and cultural attractions in the Historic District, including the Santa Ana Zoo, Yost Theater, Bowers Museum, and the lively Artist's Village. The location is especially attractive for families, with several quality elementary schools within easy walking distance in the Santa Ana Unified School District, including:
-Wallace R. Davis Elementary
-John Muir Fundamental Elementary
-Greenville Fundamental Elementary
Positioned near major employment centers, the Santa Ana Transit Center, and key transportation corridors (Interstate 5 and Interstate 55), the asset benefits from Santa Ana's ongoing revitalization and robust demand for quality multifamily housing in Orange County. The area continues to experience strong population growth, limited new supply in prime infill locations, and increasing renter preference for walkable, amenity-rich communities close to transit and urban conveniences.
This rare 19-unit townhouse-style property offers investors a compelling opportunity in one of Orange County's most dynamic and high-demand submarkets—combining premium unit features, outstanding walkability, family-friendly appeal, and strong long-term market fundamentals.