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$3,450,000
Est. payment /mo
6,588 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,588 sqft
Price per Sqft $523
MLS Listing ID CROC25261884
HOA Y/N No
Year Built 1961
Lot Size 10,181 Sqft
Acres 0.23
Property Sub-Type Other
Property Description
Presenting 1401 S. Standard Avenue, a turnkey, high-cash-flow nine-unit multifamily asset located in Santa Ana's desirable Cornerstone Village neighborhood. The property features a balanced mix of upgraded one-, two-, and three-bedroom floor plans designed for tenant appeal and long-term stability. Community amenities include gated access, a shared courtyard, on-site laundry, and individual parking. Current ownership has invested approximately $350,000 in renovations, including new roof, windows, electrical subpanels, sub breakers, and seven fully remodeled units with new cabinets, quartz counters, LVP flooring, tile, and modern finishes. These improvements significantly reduce maintenance while enhancing durability and operational efficiency. The property generates $285,000 in annual gross income ($23,750 per month), reflecting a strong 12.11 GIM, with minimal management intensity and reliable cash flow in one of Orange County's most consistently high-demand rental markets. Located less than two miles from Downtown Santa Ana and 4th Street Market, the property offers exceptional access to major employment, education, and lifestyle destinations. Residents benefit from proximity to South Coast Plaza, the Santa Ana Zoo, and the new OC Streetcar, along with quick connectivity via th
Location
State CA
County Orange
Interior
Fireplace No
Laundry Other
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 01425216
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Listed by Justin Butler • Kirklen Investment Group