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Jeffrey Walker

jeffrey@walkerpropertygroupca.com +1(949) 903-3731

$ 2,200,000

Est. payment | -/mo

0.28 Acres Lot

Save

$ 2,200,000

Est. payment | -/mo

Save

0.28 Acres Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26222660

HOA Y/N No

Year Built 1960

Annual Tax Amount $24,629

Tax Year 2026

Lot Size 0.281 Acres

Property Sub-Type Apartment

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

Area 69 - Santa Ana South Of First

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Electric Range, Gas Range, Water Heater

Laundry Common Area, Laundry Room

Exterior

Parking Features Concrete, Garage

Garage Spaces 10.0

Garage Description 10.0

Fence Fair Condition, Wrought Iron

Pool None

Community Features Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Courtyard

Roof Type Asphalt,Composition

Total Parking Spaces 10

Private Pool No

Building

Lot Description 31-35 Units/Acre, Front Yard, Yard

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern, Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 10961122

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 1800.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Rick Applebaum Morgan Skenderian rma@morganskenderian.com, DRE #01273871

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 903-3731

jeffrey@walkerpropertygroupca.com

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809 S Townsend ST Santa Ana, CA 92704