1910 Spurgeon StSanta Ana, CA 92706

Property Details for 1910 Spurgeon St

Year built

1979

Lot size

0.36 AC

Property size (Sq ft)

15,585 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

003-141-40

APU

314140

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,729,739

  6.5%

  $3,442,836

  7%

  $3,196,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,037,860

  Geo Method

  $7,701,311

• Alternative Use

  Use

  Valuation

  Residential

  $3,442,836

  Hospitality

  $3,153,619

  Educational

  $2,623,774

  Medical

  $2,714,010

  Retail

  $4,081,426

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7622

Longitude

-117.866

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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