1109 S. Standard Avenue is a 10-unit multifamily investment property located on a major thoroughfare in Santa Ana, CA. Constructed with 6,004 net rentable square feet on a 7,303 square foot lot, the asset features a uniform unit mix of ten 1-bedroom / 1-bathroom units, on-site laundry facilities, and 10 open parking spaces. Current ownership has recently completed several capital improvement projects including SB 721 compliance, deck repairs and railing replacements, new windows, new water heater, and new exterior paint, improving curb appeal and helping to minimize near-term capital expenditures. Situated directly next door to Gerardo Mouet Park, offering tenants basketball courts, a skate park, a playground, and exercise areas, the property provides immediate access to community amenities. Held by long-term ownership with a motivated seller, the property is offered at a discounted purchase price due to low current rents, presenting a compelling value-add opportunity with a 62% projected rental upside.
| MLS # | PW26222716 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 8 |
| Listing Provided By | Morgan Skenderian | Rick Applebaum |
| SQ Feet | 6,004 |
|---|---|
| Story(s) | 2 |
| Units | 10 |
| Building(s) | 1 |
| Acreage | 0.17 |
| Property View | Yes |
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Window Features | Double Pane Windows |
| Appliances | Electric Range, Gas Range, Water Heater |
| Fireplace Yes / No | Yes |
| Roof | Composition |
|---|---|
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
| Construction Materials | Drywall, Frame, Stucco |
| Lot Features | Over40Units Acre |
| Fencing | Average Condition, Wrought Iron |
| Parking Features | Asphalt, Off Street, Paved, One Space |
|---|---|
| Garage Yes / No | No |
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
| Community Features | Gutters, Park, Storm Drains, Street Lights, Suburban, Sidewalks |
|---|
| Property | 23510 |
|---|
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92701 |
| Area | 69 Santa Ana South of First |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,100,000 low | high Med: $799,900 sqft: 6,004 low | high Med: 1,490 $ / sqft: $350 low | high Med: $541 On site: 8 low | high Med: 66 | |
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92701 |
| Area | 69 Santa Ana South of First |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,100,000 low | high Med: $799,900 sqft: 6,004 low | high Med: 1,490 $ / sqft: $350 low | high Med: $541 On site: 8 low | high Med: 66 | |