2225 Center St, Santa Ana, CA 92704

3 Unit Apartment Building | $1,085,000 ($361,667/Unit) | 3.97% Cap Rate | Santa Ana, CA 92704

Asking Price $1,085,000

Property Type: Multifamily
Square Feet: 2,820 SF

Listing Contacts

Damien Breaux

Verified Profile

Property Info

Property Overview

Morgan Skenderian, Inc. is pleased to present 2225 South Center Street in Santa Ana, CA. This 3-unit investment property consists of (2) two-bedroom/one-bathroom apartments, and (1) one-bedroom/one-bathroom apartment that has been recently renovated. Located in a residential neighborhood, adjacent to both Adams Park and Adams Elementary School, residents enjoy close proximity to world class shopping and dining options at South Coast Plaza and SOCO & The OC Mix. There is a laundry facility available to the tenants and abundant on-site parking, with (3) garages and an additional (8) open spaces. Each unit has a patio, and individual water heater.
Upside potential is immense, by renovating the two-bedroom units and re-renting them at market levels. Additionally, the property offers the possibility of converting the garages to an Accessory Dwelling Unit (ADU). (Buyer to satisfy themselves as to options and feasibility of ADU conversion).

Property Details

Year Built: 1960
Stories: 2
Units: 3

Highlights

Large Units Averaging ±940 Sq.Ft.
(2) 2-Bedrooms & (1) 1-Bedroom
Abundant Parking - 11 Total Spaces
Patios & Laundry Facility
Potential ADU Upside
Close Proximity to Many Employment Centers - John Wayne Airport, South Coast Plaza, UCI Health Fountain Valley

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