1401 Standard Avenue, Santa Ana, CA 92707
  • MLS#: OC25261884 ( Apartment )
  • Street Address: 1401 Standard Avenue
  • Viewed: 7
  • Price: $3,450,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 7
  • Additional Information
  • County: ORANGE
  • City: Santa Ana
  • Zipcode: 92707
  • Provided by: Kirklen Investment Group
  • Contact: Justin Justin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Presenting 1401 S. Standard Avenue, a turnkey, high cash flow nine unit multifamily asset located in Santa Anas 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 six 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 Countys 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 the I 5 and CA 55 freeways. 1401 S. Standard Avenue offers investors a stabilized, turnkey asset with immediate income and long term appreciation potential in a resilient central Santa Ana corridor.
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Features
Building Area Total
  1. 6588.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 420.00
Entry Location
  1. Front
Fuel Expense
  1. 4200.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 11000.00
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Common Area
Laundry Income
  1. 3600.00
Lot Features
  1. 11-15 Units/Acre
  2. Corner Lot
Netoperatingincome
  1. 200261.00
Newtaxesexpense
  1. 40835.00
Number Of Separate Electric Meters
  1. 10
Otherexpense
  1. 2700.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 01425216
Parking Features
  1. On Site
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 452212781:CRM
Totalexpenses
  1. 76297.00
Trash Expense
  1. 7452.00
Uncovered Spaces
  1. 11.00
Vacancyallowance
  1. 8442
Water Sewer Expense
  1. 3690.00
Water Source
  1. Public
Year Built
  1. 1961
Year Built Source
  1. Assessor