1210 South PACIFIC Avenue

1210 South PACIFIC Avenue Santa Ana, California 92704 United States

There is an assumable loan of $2,450,000 at 3.35% with 6 years left. 2 years left of interest only. High Cash Flow Deal. We are pleased to present The Pacific Avenue Apartments located at 1210-1214 South Pacific Ave in Santa Ana, Orange County boasting one of the strongest rental markets in Southern California. The property offers a unit mix consisting of (16) one-bedroom/ one-bathroom units totaling 8,396 square feet, situated over two parcels. The subject property has recently gone through extensive interior and exterior renovations. Some upgrades include but are not limited to new flooring, new kitchens, updated bathrooms, new asphalt and new electric. Common area amenities include a large courtyard, gated access, ample on-site parking, and an on-site, building-owned laundry facility. This offering represents a strong opportunity for an investor to achieve roughly 16% upside in rents while owning a turn key investment. Low expenses, quality tenants, and high rents make this a very desirable property.

Listing Courtesy of Jonathan Weir, Marcus & Millichap, 02038545, Active