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$2,200,000
Est. payment /mo
3 Beds
2 Baths
0.28 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26222660
Bedrooms 3
Lot Size 0.281 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
809 S. Townsend Street is a 10-unit, 1961-vintage multifamily asset in Santa Ana totaling 6,840 SF of net rentable area on a 12,240 SF lot. The property is 100% occupied with a mix of six 1BR/1BA and four 2BR/1BA units, each with a private garage plus on-site laundry and ample street parking. Current ownership has recently completed several capital improvement projects including SB 721 compliance, deck repairs, new railings, new windows, and a new water heater, improving curb appeal and helping to minimize near-term capital expenditures. Current rent levels project to have 57% upside, with an 8.5% pro forma cap rate on market rents. Long-term ownership and a motivated seller create a clear value-add path for investors seeking stable in-place income with substantial rental upside in a high-demand Orange County submarket.
Location
State CA
County Orange
Zoning Public Rec
Direction North of McFadden Ave and west of Raitt Street.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 10961122
Acceptable Financing Exchange
Listing Terms Exchange
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Listed by Rick Applebaum, DRE#01273871 Morgan Skenderian
Co-listed byGarrett Blair • Morgan Skenderian
Co-listed byGarrett Blair • Morgan Skenderian
Nearby School & Business
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