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Vivian Ayala

vivian.ayala@exprealty.com +1(171) 439-11248

$1,750,000

Est. payment - /mo

9,043 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26233339

HOA Y/N No

Year Built 1950

Lot Size 9,043 Sqft

Property Sub-Type Apartment

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.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup

Exterior

Garage Spaces 4.0

Carport Spaces 2

Garage Description 4.0

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 39852317

Energy Description 488.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Justin Butler Kirklen Investment Group 949-202-7255, DRE #02092220

NEARBY SCHOOL & BUSINESS

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1408 N Sycamore Santa Ana, CA 92701