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Listed by Justin Butler • Kirklen Investment Group
$ 3,450,000
Est. payment /mo
New
1401 Standard AVE Santa Ana, CA 92707
10,181 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25261884
Year Built 1961
Lot Size 10,181 Sqft
Source California Regional MLS
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 Gros
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Laundry Laundry Area, Washer/Dryer - Owned
Exterior
Parking Features Common Parking Area
Garage Spaces 11.0
Pool None
Building
Water District - Public
Others
Tax ID 01425216
Special Listing Condition Not Applicable
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