1408 N Sycamore, Santa Ana, CA, CA 92701
- $1,750,000
- List Price
- $1,750,000
- Status
- ACTIVE
- MLS#
- OC26233339
- County
- Orange
- Year Built
- 1950
- Building Square Feet
- 3,646
- Square Feet
- 9,044
- Days on Market
- 1
- Property Type
- Multifamily
Property Description
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.
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Additional Information
- Parcel Number
- 39852317
- Rent Control
- Yes
- Common Interest
- Community Apartment
- Gross Scheduled Income
- $138,000
- Operating Expense
- 40176
- Net Operating Income
- $93,684
- Number of Buildings
- 2
- Lot Features
- 6-10 Units/Acre
- Garage Spaces Total
- 4
- Carport Spaces
- 2
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Listing courtesy of Listing Agent: Justin Butler (justin@kig-usa.com) from Listing Office: Kirklen Investment Group.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.