Bought with Greg Bassirpou • Marcus & Millichap RE Invest
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 9,385 sqft
Price per Sqft $287
MLS Listing ID CRPW24172731
Year Built 1963
Lot Size 0.400 Acres
Property Description
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.
Location
State CA
County Orange
Interior
Laundry Other
Building
Water Public
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