415 West Pine Street

415 West Pine Street, Santa Ana, CA 92701

  • For Sale $1,350,000
  • Property Type Multi-Family
  • Property Size 4,381 SF
  • Units 6
  • Lot Size 0.16 Acre
  • Additional Rent Contact for pricing
  • Year Built 1922
  • Date Updated May 21, 2024
N/AThe Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 415 West Pine Street, a 6-unit multifamily investment property located in Santa Ana, California. The property has a market CAP rate of 8.24% and a market GIM of 8.82 on market rents. 415 West Pine Street offers six multifamily units across three buildings, with attractive amenities including a private yard or deck (select units) and in-unit laundry hookups (select units). Additionally, the property offers surface and garage parking, a highly desirable amenity for renters. 415 West Pine Street offers new ownership the opportunity to diversify the unit mix and increase potential rental income through the development of an accessory dwelling unit (ADU) on the existing private yard. 415 West Pine Street is located in an optimal Santa Ana location, just south of Downtown Santa Ana and the plethora of retail, dining, and entertainment options along 4th Street. The property is situated just steps away from Heninger Elementary School and Santa Ana High School, providing an attractive draw for families looking to be in close proximity of educational centers. Additionally, the property is within walking distance to everyday needs at Downtown Plaza, a Food 4 Less anchored retail center. Furthermore, the property benefits from its close proximity to Interstate 5 and State Route 55, connecting residents to employment hubs throughout Southern California. 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 415 West Pine Street.

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Highlights

  • 8.24% CAP & 8.82 GIM on Market Rents | Value-Add Opportunity: Substantial Rental Upside
  • Offers an Attractive Mix of One & Two-Bedroom Units
  • Spacious Yard Provides Accessory Dwelling Unit Potential
  • In-Unit Laundry Hookups (Select Units)
  • Private Yard & Deck (Select Units)
  • Garage & Surface Parking
  • Adjacent to Heninger Elementary School & Santa Ana High School
  • Just South of the Plethora of Retail, Dining, & Entertainment Options Along 4th Street in Downtown Santa Ana
  • Within Walking Distance to Everyday Needs at Downtown Plaza, a Food 4 Less Anchored Retail Center
  • Convenient Access to Interstate 5 & State Route 55, Connecting Residents to Employment Hubs Throughout Southern California

Contacts

broker

Christian Tait

The Leeson Group Marcus & Millichap

Location

Getting Around

  • Walk Score ®

    90/100 Very Walkable
  • Transit Score ®

    49/100 Some Transit
  • Bike Score ®

    65/100 Bikeable
Powered by Walk Score ®
  • City Santa Ana, CA
  • Neighborhood Heninger Park
  • Zip Code 92701
  • Market Orange County

Points of Interest

  • Santa Ana

    1.03 miles

  • Anaheim Regional Transportation Intermodal Center

    4.19 miles

  • Tustin Metrolink Station

    4.53 miles

  • Sunset Boulevard Stop

    5.11 miles

  • Hollywood East Stop

    5.16 miles

  • Carthay Circle Stop

    5.21 miles

  • Buena Vista Street Stop

    5.25 miles

  • Tomorrowland Station

    5.40 miles

  • New Orleans Square Station

    5.50 miles

  • Fantasyland Station

    5.57 miles

  • Chevron

    1.20 miles

  • Chevron

    1.21 miles

  • Shell

    1.69 miles

  • Union 76

    1.71 miles

  • Chevron

    2.15 miles

  • Shell

    2.15 miles

  • Tesla Supercharger

    2.23 miles

  • 76

    2.46 miles

  • 76

    2.59 miles

  • Mobil

    2.63 miles

  • SP+

    0.49 miles

  • 7

    1.21 miles

  • 6

    1.28 miles

  • 8

    1.28 miles

  • 9

    1.33 miles

  • 5

    1.35 miles

  • 4

    1.41 miles

  • 3

    1.44 miles

  • 2

    1.46 miles

  • 11

    1.46 miles

  • El Cortez Lodge

    1.35 miles

  • Santa Ana Travel Inn

    1.35 miles

  • Motel 6 Santa Ana, CA

    1.51 miles

  • Golden West Lodge

    1.60 miles

  • Red Roof Inn Santa Ana

    1.97 miles

  • Guest Inn

    2.05 miles

  • Civic Center Inn

    2.36 miles

  • Comfort Inn & Suites Orange County John Wayne Airport

    2.42 miles

  • Best Western Plus Orange County Airport North

    2.47 miles

  • Country Inn & Suites by Radisson, John Wayne Airport, CA

    2.48 miles

  • Congregation Ale House

    0.23 miles

  • Lucky Guys Burgers

    0.26 miles

  • Chapter One

    0.26 miles

  • Mariscos La Sirena

    0.30 miles

  • La Cemita Poblana

    0.30 miles

  • Las Cazuelas

    0.39 miles

  • Kaizen Shabu

    0.44 miles

  • 4th Street Market

    0.45 miles

  • Playground

    0.45 miles

  • Munchies Vegan Diner

    0.45 miles

  • Martin R Heninger Elementary School

    0.11 miles

  • Santa Ana High School

    0.21 miles

  • Lowell School

    0.42 miles

  • Roosevelt School

    0.44 miles

  • James Russell Lowell Elementary School

    0.46 miles

  • Pio Pico Elementary School

    0.53 miles

  • California Coast University

    0.58 miles

  • Benjamin Franklin Elementary School

    0.60 miles

  • Julia C Lathrop Intermediate School

    0.71 miles

  • Orange County High School of the Arts

    0.72 miles

  • Kinderland Academy

    0.82 miles

  • Kiddie Academy

    1.46 miles

  • Boys & Girls Club of Tustin

    2.44 miles

  • The Leaning Spot

    3.31 miles

  • KinderCare

    3.69 miles

  • Adventures in Learning

    4.08 miles

  • Our Saviours Childrens Center

    4.27 miles

  • KinderCare

    5.14 miles

  • Happy Hippo Preschool

    5.26 miles

  • KinderCare

    5.42 miles

Frequently Asked Questions

How much does 415 West Pine Street cost?

The space currently listed for sale at 415 West Pine Street asks for $1,350,000.

What is the total square footage of 415 West Pine Street?

415 West Pine Street totals 4,381 square feet.

When was this property built?

415 West Pine Street was built in 1922.

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Contact Listing Broker

broker

Christian Tait

The Leeson Group Marcus & Millichap