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

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

Map
Street

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

Christian Tait

The Leeson Group Marcus & Millichap

415 West Pine Street