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Sold for $2,700,000 on 11/14/24
  • Listing Provided by: 

    Rick Applebaum DRE #01273871 rma@morganskenderian.com,

    Morgan Skenderian,

    Paul Espinosa DRE #01942627,

    Morgan Skenderian

    Bought with: Marcus & Millichap RE Invest
    $2,700,000

    1148 W Civic Center Dr, Santa Ana, CA 92703

    22beds
    14baths
    9,385sqft
    Mixed Use
    Built in 1963
    -- sqft lot
    $2,779,200 Zestimate®
    $288/sqft
    $-- Estimated rent

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    What's special

    Pleased to present the La Mar Apartments, a 14-unit multifamily property, located at 1148 West Civic Center Drive. Built in 1963, this property features a majority of two-bedroom units, offering a compelling investment potential at $219,643 per unit. With a projected 9.2% CAP rate based on market rents, the La Mar Apartments presents a lucrative opportunity. Its highly desirable location near the Santa Ana Police Station and Civic Center adds to its appeal. A motivated seller with no intention of keeping this property makes this an opportunity not to be missed.

    Zillow last checked: 8 hours ago

    Listing updated: December 04, 2024 at 07:48pm

    Listing Provided by:

    Rick Applebaum DRE #01273871 rma@morganskenderian.com,

    Morgan Skenderian,

    Paul Espinosa DRE #01942627,

    Morgan Skenderian

    Bought with:

    Greg Bassirpou, DRE #01365951

    Marcus & Millichap RE Invest

    Source: CRMLS,MLS#: PW24172731MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 22
    • Bathrooms: 14
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 9,385
    • Total interior livable area: 9,385 sqft

    Property

    Parking
    • Total spaces: 21
    • Parking features: Assigned
    • Carport spaces: 15
    • Uncovered spaces: 6
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.40 Acres
    Details
    • Parcel number: 40508202
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Gutter(s), Sidewalks
    Location
    • Region: Santa Ana

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional
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    Estimated market value
    $2,779,200