For Sale $1,100,000
Property Type Multi-Family
Property Size 3,314 SF
Units 5
Lot Size 0.18 Acre
Additional Rent Contact for pricing
Year Built 1960
Date Updated May 22, 2024

N/AThe Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1724 North Spurgeon Street, a 5-unit multifamily investment property located in Santa Ana, California. The property has a market CAP rate of 7.43% and a market GIM of 14.52 on market rents. The property offers a diverse mix of 3, one-bedroom, 1, two-bedroom, and 1, three-bedroom units with security doors, shared yards, and security doors. 1724 North Spurgeon Street is situated in an optimal Santa Ana location, just north of Historic French Park and Downtown Santa Ana. The property is in close proximity to Santa Ana’s top attractions including the Discovery Cube, 4th Street Market, and the Bowers Museum. Additionally, 1724 North Spurgeon Street is located within 1 mile of MainPlace Mall, a shopping mall that is currently being renovated to include additional residential, commercial, and hotel space. Furthermore, 1724 North Spurgeon Street is 1.20 miles from Santa Ana College, the 3rd top employer in the city with more than 3,500 employees per Santa Ana’s 2023 Annual Comprehensive Financial Report. The property’s close proximity to Interstate 5 provides residents with easy access to major employment hubs throughout Orange and Los Angeles Counties. Given its optimal Santa Ana location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 1724 North Spurgeon Street.

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Highlights

7.43% CAP & 8.81 GIM on Market Rents | Value-Add Opportunity: Substantial Rental Upside
Diverse Mix Consisting of One, Two, & Three-Bedroom Floor Plans
Ample Garage & Surface Parking
Shared Yards & Security Doors
Excellent Location Just North of Historic French Park & Vibrant Downtown Santa Ana
In Close Proximity to Santa Ana’s Top Attractions Including the Discovery Cube, 4th Street Market, & the Bowers Museum
Within 1 Mile of MainPlace Mall, a Shopping Mall that is Currently Being Heavily Renovated to Include Additional Residential, Commercial, & Hotel Space
Positioned 1.20 Miles from Santa Ana College, the 3rd Top Employer in the City with More Than 3,500 Employees Per Santa Ana’s 2021 Annual Comprehensive Financial Report
In Close Proximity to Interstate 5 Provides Easy Access to Major Employment Hubs in Orange & Los Angeles Counties

Contacts

Christian Tait

The Leeson Group Marcus & Millichap

Location

Getting Around

Walk Score ®
88/100 Very Walkable
Transit Score ®
49/100 Some Transit
Bike Score ®
54/100 Bikeable

Map
Street

City Santa Ana, CA
Neighborhood Floral Park - Santa Ana Triangle
Zip Code 92706
Market Orange County

Points of Interest

Santa Ana

0.82 miles
Anaheim Regional Transportation Intermodal Center

3.06 miles
Sunset Boulevard Stop

4.36 miles
Hollywood East Stop

4.42 miles
Carthay Circle Stop

4.48 miles
Buena Vista Street Stop

4.51 miles
Tomorrowland Station

4.60 miles
New Orleans Square Station

4.76 miles
Fantasyland Station

4.79 miles
Mickey's Toontown Depot

4.82 miles

Chevron

0.13 miles
Tesla Supercharger

1.10 miles
Chevron

1.17 miles
Shell

1.37 miles
Shell

1.93 miles
Ralphs

2.02 miles
76

2.10 miles
Arco

2.45 miles
Shell

2.50 miles
Chevron

2.53 miles

parking structure

0.79 miles
Discovery Science Center Parking Lot

0.80 miles
SP+

0.84 miles
parking structure

1.12 miles
5

1.16 miles
6

1.21 miles
7

1.22 miles
4

1.23 miles
3

1.28 miles
2

1.31 miles

Santa Ana Travel Inn

0.17 miles
Golden West Lodge

0.41 miles
Red Roof Inn Santa Ana

0.79 miles
Civic Center Inn

1.14 miles
El Cortez Lodge

1.40 miles
Twin Cypress Motel

1.50 miles
Motel 6 Santa Ana, CA

1.54 miles
Days Inn by Wyndham Orange Anaheim

1.64 miles
Best Western Meridian

1.81 miles
Best Western Orange Plaza

1.84 miles

Tangata At The Bowers Museum

0.23 miles
Burger King

0.70 miles
Subway

0.71 miles
Jack in the Box

0.75 miles
Tacos Gavilan

0.76 miles
Polly's Pies Restaurant

0.79 miles
Dunkin'

0.82 miles
Munchies Vegan Diner

0.82 miles
Wingstop

0.83 miles
Poki One N Half

0.86 miles

Herbert Hoover Elementary School

0.37 miles
Orange County High School of the Arts

0.52 miles
Frances E Willard Intermediate School

0.54 miles
Saint Josephs School

0.66 miles
California Coast University

0.67 miles
Trinity Law and Graduate School

0.84 miles
Sierra Intermediate School

0.85 miles
James A Garfield School

0.87 miles
Woodrow Wilson Elementary School

1.02 miles
Santiago Elementary School

1.09 miles

Kiddie Academy

0.86 miles
Kinderland Academy

1.19 miles
Boys & Girls Club of Tustin

2.53 miles
Adventures in Learning

3.02 miles
Our Saviours Childrens Center

3.03 miles
The Leaning Spot

3.06 miles
Happy Hippo Preschool

4.37 miles
KinderCare

4.92 miles
St. Paul's Preschool

4.97 miles
Preschool Rooms

4.97 miles

Frequently Asked Questions

How much does 1724 North Spurgeon Street cost?

The space currently listed for sale at 1724 North Spurgeon Street asks for $1,100,000.

What is the total square footage of 1724 North Spurgeon Street?

1724 North Spurgeon Street totals 3,314 square feet.

When was this property built?

1724 North Spurgeon Street was built in 1960.

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Contact Listing Broker

Christian Tait

The Leeson Group Marcus & Millichap

1724 North Spurgeon Street