Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

5

Building size

3,646 sqft

Lot size

9,044 sqft

Year built

1950

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

0

MLS #

249041559

About this property

1402-1410 N Sycamore Street, a five-unit multifamily property in central Santa Ana. Offered for the first time in more than 30 years, the property gives investors a rare opportunity to acquire a stable, income-producing asset in one of Orange County's highest-demand rental markets. The property consists of two detached buildings on a 9,044 SF lot, with three, one-bedroom units and one, two-bedroom unit, and one, three-bedroom unit. The diverse mix appeals to a broad tenant base, from individuals to families, supporting consistent occupancy and lower turnover risk. Residents benefit from ample on-site parking, including four garage spaces, two carport spaces, and two open spaces, an amenity rarely found in central Santa Ana. The property is fully occupied and generates $138,000 in annual gross income. Tenants pay their own gas and electric, keeping owner utility expenses low. The property sits minutes from Downtown Santa Ana, the 4th Street Market, and the I-5 Freeway, providing residents convenient access to employment, dining, and entertainment throughout Orange County. The surrounding area continues to attract significant investment, with several major residential and mixed-use developments planned nearby. For investors seeking durable cashflow in a supply-constrained submarket, 1402-1410 N Sycamore Street offers a well-located asset with upside.

Location

1408 N Sycamore

Santa Ana, Orange, CA, 92701