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1 OF THE CHEAPEST PRICE PER UNIT COMPLEX 717-721 Garfield St 30 Unit Apartment Building $8,921,482 CAD ($297,383 CAD/Unit) 5.89% Cap Rate Santa Ana, CA 92701
INVESTMENT HIGHLIGHTS
- 1979 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 Prime Historic French Park area. This property is also close to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This gated community is located minutes to Downtown Santa Ana, the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1979 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 Prime Historic French Park area. This property is also close to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This gated community is located minutes to Downtown Santa Ana, the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1979 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 (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$737,369
|
$32.77
|
| Other Income |
$4,150
|
$0.18
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$741,519
|
$32.96
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$215,700
|
$9.59
|
| Net Operating Income |
$525,820
|
$23.37
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $737,369 |
| Annual Per SF | $32.77 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,150 |
| Annual Per SF | $0.18 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $741,519 |
| Annual Per SF | $32.96 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $215,700 |
| Annual Per SF | $9.59 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $525,820 |
| Annual Per SF | $23.37 |
PROPERTY FACTS
| Price | $8,921,482 CAD | Building Class | C |
| Price Per Unit | $297,383 CAD | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 22,500 SF |
| Cap Rate | 5.89% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.03 | No. Stories | 2 |
| No. Units | 30 | Year Built | 1979 |
| Property Type | Multifamily | Parking Ratio | 1.07/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4, Santa Ana - Residential, High-Density | ||
| Price | $8,921,482 CAD |
| Price Per Unit | $297,383 CAD |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Gross Rent Multiplier | 12.03 |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 22,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4, Santa Ana - Residential, High-Density |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Security System
- Kitchen
SITE AMENITIES
- Laundry Facilities
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $2,074 CAD | - |
| Studios | 23 | $2,041 CAD | - |
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 398-303-02 | Improvements Assessment | $2,520,133 CAD |
| Land Assessment | $3,343,047 CAD | Total Assessment | $5,863,180 CAD |
PROPERTY TAXES
Parcel Number
398-303-02
Land Assessment
$3,343,047 CAD
Improvements Assessment
$2,520,133 CAD
Total Assessment
$5,863,180 CAD
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1 OF THE CHEAPEST PRICE PER UNIT COMPLEX | 717-721 Garfield St
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