Description

Pleased to present 1419-1423 S. Sycamore Street, a 12-unit apartment complex located in Santa Ana. Situated on two separate parcels of land, the properties are extremely well located in one of the more desirable neighborhoods of Santa Ana - with easy access to all the shops and restaurants of Main Street and walking distance to many of Santa Ana's premier schools. These qualities will attract quality tenants willing to pay maximum rent levels. In addition, the property is comprised exclusively of two-bedroom units with over half of the units renovated with new kitchen cabinets, stone countertops, new appliances, tile flooring, tile shower walls, and more. The building was also re-piped in 2020 and previously had new windows and new roofs installed. Priced at a 5.1% CAP on current rents, including all the recent upgrades, the new owner will realize immediate cash flow with little need for upgrades and extra capital investment.

Features

• 0.29 Acres
• 2 Stories