Santa Ana Multifamily Investment, 4 Units, $85,327 NOI
Turnkey property with stabilized cash flow and low maintenance for solid ROI.
- Price
- $1,850,000
- Units
- 4
- Cap Rate
- 4.53%
- Building SF
- 3,797
- Land SF
- 6,098
- Year Built
- 1983
- Renovated
- 2024
- $/SF
- $487.23
- $/Unit
- $462,500
The numbers
Current vs pro forma
NOI
$83,859
Current
$87,118
Pro forma
Cap Rate
4.53%
Current
4.71%
Pro forma
GRM
14.41
Current
14.05
Pro forma
Rent roll
Unit mix & income
See the full unit-by-unit rent roll
Current and market rents for every unit are in the Offering Memorandum.
Get the full financialsOccupancy
100.0%
Gross rent (annual)
$128,340
Mark-to-market upside
-$1,380
Test your assumptions
Run your own ROI
- Effective gross income
- $121,923
- Expenses
- $42,673
- NOI
- $79,250
- Debt service
- $0
- Cash flow
- $79,250
- Cash-on-cash
- 7924995.00%
Sale comps
What the market has paid
| Comp | Address | Units | Built | $/Unit | $/SF | Cap |
|---|---|---|---|---|---|---|
| 1 | 600 N Grand Ave | 4 | 1970 | $327,813 | $402 | 4.76% |
| 2 | 806 N Lacy | 4 | 1995 | $431,250 | $383 | 4.36% |
| 3 | 1423 Mar Les | 4 | 2024 | $482,500 | N/A | N/A |
| Subject | This property | N/A | N/A | $462,500 | $487.23 | 4.53% |
Location
1610 W Civic Center
Santa Ana, California 92703
Located near the Santa Ana Civic Center, this property benefits from a robust rental market with strong demand driven by proximity to significant employers and accessible transit options. The area is characterized by ongoing urban development, which constrains supply and supports rental growth.
The property
Walk the asset
Why this deal
What sets it apart
- 4.61% Cap Rate
- With a strong net operating income of $85,327, the property produces a 4.61% cap rate, enabling investors to benefit from a reliable cash flow.
- 100% Occupancy
- The property boasts a perfect occupancy rate, showcasing tenant stability and demand stability within the market.
- Desirable Unit Mix
- The four spacious two-bedroom, one-bath units are competitively rented, appealing to a diverse tenant base.
- Prime Location
- Situated near Santa Ana Civic Center with access to major employment centers and public transit, ensuring robust rental demand.
- Recent Renovations
- The property has been significantly upgraded in 2024, which reduces maintenance costs and enhances tenant experience.
- Potential Seller Financing
- Flexible financing options can ease the acquisition process, making the investment more accessible.
- Competitive Rent Roll
- Units are performing close to market rates, with current rents at $2,658 and $2,555, against market values of $2,695 and $2,595, allowing for future rent increases.
Request the OM
- 8-page branded Offering Memorandum
- Snapshot, highlights, rent roll & financing
- Sale comps and location summary
- Direct line to Alex for follow-up
Alex Duarte, The Duarte Group.
I've helped Southern California investors deploy capital into multifamily, single-family, and luxury properties since 2015. The Duarte Group is a top-performing team with deep roots in Orange County. I source off-market deals like Pine before they ever hit the public market.
- $76M+
- Sales volume
- 156
- Properties sold
- 54
- 5-star reviews
Pre-qualified buyers move first.
Get a 10-minute financing call before you tour. My brother Rene specializes in multifamily DSCR and conventional loans. Same team, same standard.
Rene Duarte
Mortgage Loan Officer
E Mortgage Capital, Inc.
NMLS #1795044
- DSCR & conventional multifamily loans
- 8+ years of investor financing
- Local Santa Ana office, fast closings
3750 S Susan St, Santa Ana, CA 92704
Rene is referenced as a trusted financing resource. You are free to use any lender of your choice. No compensation is exchanged between The Duarte Group and E Mortgage Capital for referrals.
Common questions
What investors ask
- What financing options are available?
- Potential seller financing is available, offering flexible terms for qualified buyers.
- What is the occupancy history of the property?
- The property has maintained a high occupancy rate, with stable tenants contributing to consistent cash flow.
- How can I access inspection reports?
- Inspection reports can be requested as part of the due diligence process; reach out for further details.
- What is the timeline for acquisition?
- The property is currently active and available for immediate sale; timelines can be outlined during negotiation.
- Is there any existing debt on the property?
- Details regarding any existing debt can be provided upon request, facilitating your review.