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Jeffrey Walker

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

$ 2,100,000

Est. payment | -/mo

7,305 Sqft Lot

Save

$ 2,100,000

Est. payment | -/mo

Save

7,305 Sqft Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26222716

HOA Y/N No

Year Built 1958

Annual Tax Amount $23,510

Tax Year 2026

Lot Size 7,305 Sqft

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Heating Wall Furnace

Fireplaces Type Kitchen

Fireplace Yes

Appliance Electric Range, Gas Range, Water Heater

Laundry Common Area, Laundry Room

Exterior

Parking Features Asphalt, Off Street, Paved, One Space

Fence Average Condition, Wrought Iron

Pool None

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

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

View Y/N Yes

View Courtyard, Park/Greenbelt

Roof Type Composition

Total Parking Spaces 10

Private Pool No

Building

Lot Description Over 40 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern, Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 01125116

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

Energy Description 3279.0

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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1109 S Standard AVE Santa Ana, CA 92701