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Listed by Justin Butler • Kirklen Investment Group
$3,450,000
Est. payment /mo
6,588 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,588 sqft
Price per Sqft $523
MLS Listing ID CROC25261884
HOA Y/N No
Year Built 1961
Lot Size 10,181 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Presenting 1401 S. Standard Avenue, a turnkey, high-cash-flow nine-unit multifamily investment property located in the desirable Cornerstone Village neighborhood of Santa Ana, California. The property offers a balanced mix of spacious one-, two-, and three-bedroom floor plans designed to attract quality tenants and promote long-term stability. Residents enjoy well-maintained amenities including an on-site laundry facility, a shared central courtyard, and individual parking spaces, all of which enhance both comfort and convenience.Current ownership has completed an extensive renovation program totaling approximately $350,000 in high-end capital improvements, transforming the property into a modern turnkey asset. Six of the nine units have been fully renovated with new kitchen cabinets, quartz countertops, tile, and luxury vinyl plank flooring. Additional upgrades include a new roof, new windows, new electrical subpanels, and new sub breakers, along with other comprehensive interior enhancements. These thoughtful improvements substantially reduce near term maintenance costs while enhancing the property's aesthetic appeal, operational efficiency, and long-termdurability. The asset currently generates $285,000 in annual gross income ($23,750 per month), reflecting a strong 12.11 Gros
Location
State CA
County Orange
Interior
Fireplace No
Laundry Other
Building
Lot Description Corner Lot
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