Homes for sale - 1401 Standard AVE, Santa Ana, CA 92707

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,450,000

Est. payment - /mo

10,179 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25261884

HOA Y/N No

Year Built 1961

Lot Size 10,179 Sqft

Property Sub-Type Apartment

Property Description

Presenting 1401 S. Standard Avenue, a turnkey, high-cash-flow nine-unit multifamily investment property located in the desirable Cornerstone Village neighborhood of Santa Ana, California. The property offers a balanced mix of spacious one-, two-, and three-bedroom floor plans designed to attract quality tenants and promote long-term stability. Residents enjoy well-maintained amenities including an on-site laundry facility, a shared central courtyard, and individual parking spaces, all of which enhance both comfort and convenience.Current ownership has completed an extensive renovation program totaling approximately $350,000 in high-end capital improvements, transforming the property into a modern turnkey asset. Six of the nine units have been fully renovated with new kitchen cabinets, quartz countertops, tile, and luxury vinyl plank flooring. Additional upgrades include a new roof, new windows, new electrical subpanels, and new sub breakers, along with other comprehensive interior enhancements. These thoughtful improvements substantially reduce near term maintenance costs while enhancing the property's aesthetic appeal, operational efficiency, and long-termdurability. The asset currently generates $285,000 in annual gross income ($23,750 per month), reflecting a strong 12.11 Gross Income Multiplier (GIM). With stabilized operations and modern finishes, the property provides investors with reliable cash flow, minimal management intensity, and strong performance within one of Orange County's most consistently high-demand rental markets. Strategically located less than two miles from Downtown Santa Ana and 4th Street Market, 1401 S. Standard Avenue benefits from exceptional proximity to major employment, education, and lifestyle destinations. Nearby landmarks such as South Coast Plaza, the Santa Ana Zoo, and the new OC Streetcar line offer residents unmatched accessibility and convenience. In addition, close access to the I-5 and CA-22 freeways ensures seamless connectivity to job centers across Orange and Los Angeles Counties. Combining luxury-quality renovations, strong in-place income, and a prime central location, 1401 S. Standard Avenue represents a rare opportunity to acquire a stabilized, turnkey multifamily asset offering immediate cash flow and meaningful long-term appreciation potential within one of Santa Ana's most resilient rental corridors.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features On Site

Pool None

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

Total Parking Spaces 11

Private Pool No

Building

Lot Description 11-15 Units/Acre, Corner Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 01425216

Energy Description 4200.0

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

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