717 Garfield StSanta Ana, CA 92701

Property Details for 717 Garfield St

Year built

1979

Lot size

0.52 AC

Property size (Sq ft)

22,500 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

398-303-02

APU

39830302

Description

This exceptional 30-unit apartment building presents a compelling investment opportunity in Santa Ana, California. Located at 717 N Garfield St, 92701, this two-story, 1979-constructed property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $306,601 and a 4.52% cap rate. The asking price is $6,870,000, translating to an attractive price per unit of $229,000. The property features a gated community with both garages and covered parking, providing ample parking for residents. Each unit is individually metered for gas and electric, with tenants responsible for utility costs. Further enhancing its appeal, the property includes an on-site laundry room. Its convenient location offers proximity to an elementary school, shopping, restaurants, and freeways, making it highly attractive to tenants. This well-maintained property presents a strong value-add opportunity with significant potential for rental income growth. The property is not subject to a ground lease. All information should be verified independently by the buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $5,384,608

  6.5%

  $4,970,408

  7%

  $4,615,378

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,385,746

  Geo Method

  $12,274,954

• Alternative Use

  Use

  Valuation

  Residential

  $4,970,408

  Hospitality

  $4,552,867

  Educational

  $3,787,932

  Medical

  $3,918,204

  Retail

  $5,892,338

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7522

Longitude

-117.86

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].