Opportunity to acquire a 9-unit multifamily asset in central Orange County, featuring spacious one- and two-bedroom units averaging 867 SF. With rents resettable to market upon vacancy under Santa Ana Rent Control, the property is positioned to exceed a 7% market cap rate. Located in an Opportunity Zone with recent capital improvements including a new roof, updated windows, and a passed SB 721 inspection. Community amenities include on-site laundry and 9 garage spaces. Conveniently located near the 5 Freeway, N. Flower St., and W. Washington Ave.
Listing agent:
Daniel Blackwell
License #01854961
CB Richard Ellis, Inc.
1027 Parton is a Residential Income property located in Santa Ana, California, featuring a 0.205 acre lot, 7,800 sqft, 13 bedrooms, MLS #26713283.