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The Warburton Team Brokered By EXp

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

$2,975,000

Est. payment - /mo

0.32 Acres Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Henninger Park/Eastside

MLS Listing ID PW26219394

HOA Y/N No

Year Built 1983

Annual Tax Amount $33,305

Tax Year 2026

Lot Size 0.321 Acres

Property Sub-Type Apartment

Property Description

409-415 E. Pine Street is a 12-unit multifamily property located in Santa Ana, CA, offering investors an opportunity to acquire a well-located Orange County asset. Built in 1983, the property consists of two contiguous parcels totaling 8,628 square feet of rentable area situated on a 14,000 square foot lot.

The community features a desirable unit mix of four 1BR/1BA units and eight 2BR/1BA units, along with amenities including on-site laundry, gated entry, individual water heaters, and patios/balconies in select units. Recent capital improvements include roof restoration, HVAC replacements, water heater replacement, and interior updates to select units.

The property is offered at a 6% CAP Rate on current income with 25% rental upside, providing investors with additional growth potential through continued upgrades, turnover, and rent increases.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Interior Features Balcony

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Electric Range, Gas Range, Water Heater

Laundry Common Area, Laundry Room

Exterior

Parking Features Assigned, Concrete, Carport, Community Structure

Carport Spaces 12

Fence Chain Link, Fair Condition

Pool None

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

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition,Flat,Spanish Tile

Accessibility Parking

Total Parking Spaces 12

Private Pool No

Building

Lot Description 36-40 Units/Acre, Landscaped, Rectangular Lot

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 40408609

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 793.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by Garrett Blair Morgan Skenderian 949-300-5610, DRE #02026908

NEARBY SCHOOL & BUSINESS

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409 E Pine ST Santa Ana, CA 92701