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$2,400,000

Beds
Unknown
sq ft
Unknown

615 E Civic Center Dr, Santa Ana, CA 92701

615 E Civic Center Dr

Santa Ana, CA 92701

  • 75 days on market
615 Civic Center East Drive, a prime 6-unit multifamily investment property located in the desirable French Park Historical Neighborhood of Santa Ana, CA. Built in 1978, this property features large six two-bedroom and two bath floorplans, complete with amenities such as garages, onsite laundry facility, patio or balconies, and fireplace (select units). The property has had recent capital improvements including upgraded windows, upgraded roof, upgraded facia boards, and is SB-721 compliant. Currently the property offering a 13.76 GIM and a 4.82% CAP rate, providing investors a great cashflow in a highly desirable location. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 0.4 miles from Santa Ana Metrolink Station, and 0.6 miles from the lively 4th Street Market and Downtown Santa Ana, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.90 miles of Santa Ana College, appealing to students and faculty. With proximity to the 5 Interstate, residents can conveniently connect to major employment hubs across Orange and Los Angeles Counties. This investment not only promises attractive living spaces but also the potential for strong tenant demand in a thriving area.

Details

Property type

Apartment

Lot size

7,500 sq ft

Price per sq ft

Unknown

Year built

1978

Price History

10/10/2024
CRMLS

CRMLS #OC24210554

Listed
$2,400,000

Schools & Community

Neighborhood: 

Lacy

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Status: Active

Tomo last checked: 12/24/2024 at 5:05 AM

Listing updated: 12/04/2024 at 9:10 PM

Listed by: Justin Butler, Kirklen Investment Group Phone #: (949) 942-1300

MLS: CRMLS #OC24210554

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