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311-313 E Pine St
Santa Ana, CA 92701

Park Town Townhomes · Multifamily Property For Sale · 19 Units

Investment Highlights

  • 4.6% CAP Rate, 14 GRM and 8% Total Return on Current Income
  • Highly Desirable Unit Mix Consisting of Very Large Three and Two-Bedroom Townhouse Units / In-Unit Washer & Dryer Hookups, Individual Water Heater
  • Secured Large Interior Courtyard & Elevator-Access / Separately Metered and RUBS Program in Place
  • Newer Construction / Built in 1987 with Over $350K in Recent Renovations / Upgrades of Interiors & Exterior
  • Ample On-Site Gated Subterranean Parking (40 Spaces) / Gated Entrance with Call Box, Security Camera System and Fire Alarm Sprinklers
  • Within Walking Distance to the Trendy Artist Village, Historic District, Shops, Restaurants, & Downtown Business District

PROPERTY FACTS

No. Units 19
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.40 AC
Building Size 20,525 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1987/2021
Parking Ratio 2.05/1,000 SF

Unit Amenities

  • Balcony
  • Washer/Dryer Hookup

Site Amenities

  • Controlled Access
  • Courtyard
  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 13 $2,073 -
3+2 6 $2,375 -

PROPERTY TAXES

zoning

Zoning Code R3, Santa Ana
  • Listing ID: 23878505

  • Date on Market: 2021-08-10

  • Last Updated:

  • Address: 311-313 E Pine St, Santa Ana, CA 92701