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$3,075,000

Est. payment - /mo

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9,385 SqFt

Pending

1148 W Civic Center DR Santa Ana, CA 92703

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:20 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 9,385 sqft

Price per Sqft $327

MLS Listing ID PW24172731

HOA Y/N No

Year Built 1963

Lot Size 0.400 Acres

Property Description

Pleased to present the La Mar Apartments, a 14-unit multifamily property, located at 1148 West Civic Center Drive. Built in 1963, this property features a majority of two-bedroom units, offering a compelling investment potential at $219,643 per unit. With a projected 9.2% CAP rate based on market rents, the La Mar Apartments presents a lucrative opportunity. Its highly desirable location near the Santa Ana Police Station and Civic Center adds to its appeal. A motivated seller with no intention of keeping this property makes this an opportunity not to be missed.

Location

State CA

County Orange

Area 699 - Not Defined

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Assigned

Carport Spaces 15

Pool None

Community Features Gutter(s), Sidewalks

Parking Type Assigned

Total Parking Spaces 21

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 40508202

Energy Description 9836.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Listed by Rick Applebaum • Morgan Skenderian • rma@morganskenderian.com

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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