Multi Family homes for sale & real estate in Pacific Park, CA

Multi Family Home for sale in Pacific Park, CA:

NEW PRICE! * * Investment Opportunity in Santa Ana! * * This fixer is on an R-2 lot and presents an incredible opportunity to develop or improve the existing income producing property in the rapidly growing area of Santa Ana. * City-approved ADU and remodel plans * are already in place and included in the listing price, saving the future buyer significant time and effort. Location Highlights: Just minutes from vibrant * * 4th Street * * with trendy gastropubs like Chapter One, Hidden House coffee, The 4th Street Market, Yost and Frida theaters are within s short stroll, as well as the Historic District of Santa Ana! You'll enjoy quick access to the 5 FWY and 55 FWY for easy commut

Multi Family Home for sale in Pacific Park, CA:

We are pleased to present the Chestnut Avenue Property in Santa Ana, CA. Constructed in 1985, this property features copper plumbing and offers an over 1.5:1 parking ratio with 34 covered parking spaces. The property consists of 14 one-bed units and 8 two-bed, two-bath units. Over half of the units have balconies, and the amenities include two on-site laundry facilities, an elevator, individual water heaters, and individual gas and electric meters. The property boasts a 5.8% cap rate on current income, with the potential to achieve nearly 8.6% on market rents. With the potential for a 35% increase in rental income, investors can expect strong in-place cash flow while strategically implement