For Sale
$5,472,000

1910 Spurgeon StSanta Ana, CA 92706

24-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 24-unit apartment building in Santa Ana, CA, presents a compelling investment opportunity. Situated on a 0.36-acre lot, this 15,584 square foot property, built in 1979, offers a mix of studio and one-bedroom floor plans. Desirable amenities include gated access, on-site laundry, and select units featuring private balconies. Ample parking is available in a gated garage. The property benefits from a prime location between Floral Park and French Park, offering easy access to a wealth of retail, dining, and entertainment options on 4th Street, and is less than a mile from the Santa Ana Regional Transportation Center, providing convenient access to Amtrak, Metrolink, and OCTA. Its proximity to Santa Ana College (a major local employer) and Interstate 5 further enhances its appeal. The asking price is $5,472,000, translating to $228,000 per unit and $351.13 per square foot. Current rents are below market rates, presenting a significant value-add potential for a new owner through strategic renovations. The property is offered fee simple. Please note: Drive by only; do not disturb residents.

Highlights

  • $5,472,000 asking price for a 24-unit apartment building.
  • 15,584 square feet, 1979 construction.
  • Located at 1910 N Spurgeon St, Santa Ana, CA 92706, on a 0.36-acre lot.
  • Mix of studio and one-bedroom units; select units feature private balconies.
  • Amenities include gated access, on-site laundry, and gated parking.
  • Excellent location near parks, shopping, dining, Santa Ana College, and Interstate 5.

Property Details for 1910 Spurgeon St

Property type
Apartment buildings
Square Feet
15,584 SF
Year Built
1979
Buildings
1
Lot Size (sq. ft)
15,682 SF
Units
24

Location Insight

City
Santa Ana
County
Orange
State
California
Latitude
33.762210499811
Longitude
-117.86515240887
1910 Spurgeon St, Santa Ana, California

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1910 Spurgeon St
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