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Susan Street Apartments 431 S Susan St 9 Unit Apartment Building $4,489,056 CAD ($498,784 CAD/Unit) 4.78% Cap Rate Santa Ana, CA 92704
Investment Highlights
- Single Story Units with a Great Unit Mix
- Over a 7% CAP on market
- Large 28,000 Sqft+ lot
Executive Summary
Susan Street apartments boasts an amazing single story unit mix of 3-bedroom & 4 bedroom units. An attractive configuration that drives strong tenant demand and long-term stability. Situated on a large ±28,000 square foot lot, the property is predominantly single-story, with select units located above garages. The units come with dedicated garage parking, a highly sought-after amenity that supports tenant retention and rental premiums. There is also ample open space parking. Once stabilized the building will have market CAP rate of exceeding 7%. Year built ranges from 1945-1972. All property information, including but not limited to square footage, lot size, year built, unit sizes, and unit mix, is deemed reliable but not guaranteed. Buyer shall independently verify all information.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$330,770
|
$39.25
|
| Other Income |
$5,713
|
$0.68
|
| Vacancy Loss |
$9,924
|
$1.18
|
| Effective Gross Income |
$326,560
|
$38.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$111,948
|
$13.28
|
| Net Operating Income |
$214,612
|
$25.47
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $330,770 |
| Annual Per SF | $39.25 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,713 |
| Annual Per SF | $0.68 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,924 |
| Annual Per SF | $1.18 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $326,560 |
| Annual Per SF | $38.75 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $111,948 |
| Annual Per SF | $13.28 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $214,612 |
| Annual Per SF | $25.47 |
Property Facts
| Price | $4,489,056 CAD | Apartment Style | Garden |
| Price Per Unit | $498,784 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 4.78% | Building Size | 8,427 SF |
| Gross Rent Multiplier | 13.34 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment |
| Price | $4,489,056 CAD |
| Price Per Unit | $498,784 CAD |
| Sale Type | Investment |
| Cap Rate | 4.78% |
| Gross Rent Multiplier | 13.34 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.63 AC |
| Building Size | 8,427 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1945 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 6 | $2,959 CAD | - |
| 2+1 | 1 | $2,956 CAD | - |
| 4+2 | 2 | $3,062 CAD | - |
1 1
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 144-271-21 | Improvements Assessment | $1,309,794 CAD |
| Land Assessment | $1,843,892 CAD | Total Assessment | $3,153,686 CAD |
Property Taxes
Parcel Number
144-271-21
Land Assessment
$1,843,892 CAD
Improvements Assessment
$1,309,794 CAD
Total Assessment
$3,153,686 CAD
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Susan Street Apartments | 431 S Susan St
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