La Mar Apartments

1148 W. Civic Center Drive, Santa Ana, CA 92703

  • For Sale $3,075,000
  • Property Type Multi-Family
  • Property Size 9,385 SF
  • Units 14
  • Lot Size 0.4 Acre
  • Additional Rent Contact for pricing
  • Year Built 1963
  • Date Updated Aug 28, 2024
Situated in the vibrant city of Santa Ana, this location offers a diverse array of attractions and amenities for residents. The surrounding area provides access to notable landmarks such as the Bowers Museum, Santa Ana Zoo, and the Discovery Cube Orange County, offering cultural and recreational opportunities. Residents can explore a variety of dining and shopping options at nearby South Coast Plaza, as well as enjoy the green spaces and recreational facilities in the vicinity. With easy access to major transportation routes, including the nearby Santa Ana Regional Transportation Center, the area provides convenience for commuters. This dynamic and well-connected setting adds further appeal to the investment potential of the property.Morgan Skenderian is pleased to present the La Mar Apartments, a 14-unit multifamily property, located at 1148 West Civic Center Drive. Built in 1963, this property features a majority of two-bedroom units, offering a compelling investment potential at $219,643 per unit. With a projected 9.2% CAP rate based on market rents, the La Mar Apartments presents a lucrative opportunity. Its highly desirable location near the Santa Ana Police Station and Civic Center adds to its appeal. A motivated seller with no intention of keeping this property makes this an opportunity not to be missed.

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Highlights

  • Majority Two-Bedroom Units
  • $219,643 Price Per Unit
  • (21) Carport & Open Spaces
  • Projected 9.2% CAP Rate on Market Rents, 13.8% Cash on Cash Return
  • Extremely Desirable Rental Location Near Santa Ana Police Station and Santa Ana Civic Center
  • Highly Motivated Seller

Contacts

broker

Rick Applebaum

Morgan Skenderian Investment Real Estate Group

Location

Getting Around

  • Walk Score ®

    81/100 Very Walkable

  • Transit Score ®

    50/100 Good Transit

  • Bike Score ®

    67/100 Bikeable
Powered by Walk Score ®
  • City Santa Ana, CA
  • Neighborhood Flower Park
  • Zip Code 92703
  • Market Orange County

Points of Interest

  • Santa Ana

    1.48 miles

  • Anaheim Regional Transportation Intermodal Center

    3.67 miles

  • Sunset Boulevard Stop

    4.36 miles

  • Hollywood East Stop

    4.41 miles

  • Carthay Circle Stop

    4.45 miles

  • Buena Vista Street Stop

    4.50 miles

  • Tomorrowland Station

    4.66 miles

  • New Orleans Square Station

    4.74 miles

  • Fantasyland Station

    4.83 miles

  • Mickey's Toontown Depot

    4.88 miles

  • Chevron

    1.22 miles

  • Shell

    1.50 miles

  • Chevron

    1.77 miles

  • Tesla Supercharger

    1.81 miles

  • 76

    2.25 miles

  • Chevron

    2.38 miles

  • Shell

    2.46 miles

  • Shell

    2.49 miles

  • Union 76

    2.51 miles

  • Arco

    2.54 miles

  • 7

    0.43 miles

  • 8

    0.48 miles

  • 6

    0.50 miles

  • 9

    0.53 miles

  • 5

    0.60 miles

  • 4

    0.65 miles

  • 11

    0.66 miles

  • 3

    0.67 miles

  • 2

    0.68 miles

  • 12

    0.71 miles

  • Santa Ana Travel Inn

    1.18 miles

  • Golden West Lodge

    1.34 miles

  • Red Roof Inn Santa Ana

    1.64 miles

  • Best Western Meridian

    1.80 miles

  • El Cortez Lodge

    1.97 miles

  • Motel 6 Santa Ana, CA

    2.14 miles

  • Holiday Inn Express Garden Grove

    2.22 miles

  • Civic Center Inn

    2.29 miles

  • Twin Cypress Motel

    2.34 miles

  • Days Inn by Wyndham Orange Anaheim

    2.47 miles

  • Jack in the Box

    0.15 miles

  • In-N-Out Burger

    0.17 miles

  • McDonald's

    0.52 miles

  • The Olde Ship

    0.60 miles

  • El Rincon Chilango

    0.63 miles

  • Chipotle

    0.68 miles

  • Super Antojitos Express

    0.68 miles

  • Subway

    0.69 miles

  • Taco Bell

    0.72 miles

  • Carl's Jr.

    0.76 miles

  • George Washington Carver Elementary School

    0.36 miles

  • Woodrow Wilson Elementary School

    0.38 miles

  • Franklin School

    0.46 miles

  • Fremont School

    0.61 miles

  • Frances E Willard Intermediate School

    0.63 miles

  • Santa Ana College

    0.67 miles

  • Santa Ana High School

    0.71 miles

  • Martin R Heninger Elementary School

    0.71 miles

  • California Coast University

    0.81 miles

  • John C Fremont Elementary School

    0.82 miles

  • Kinderland Academy

    0.02 miles

  • Kiddie Academy

    1.81 miles

  • The Leaning Spot

    2.51 miles

  • Boys & Girls Club of Tustin

    3.13 miles

  • KinderCare

    3.94 miles

  • Our Saviours Childrens Center

    4.07 miles

  • Adventures in Learning

    4.19 miles

  • Happy Hippo Preschool

    4.56 miles

  • KinderCare

    5.16 miles

  • KinderCare

    5.67 miles

Frequently Asked Questions

How much does La Mar Apartments cost?

The space currently listed for sale at La Mar Apartments asks for $3,075,000.

What is the total square footage of La Mar Apartments?

La Mar Apartments totals 9,385 square feet.

When was this property built?

La Mar Apartments was built in 1963.

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Contact Listing Broker

broker

Rick Applebaum

Morgan Skenderian Investment Real Estate Group