1148 W. Civic Center Drive

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Address: 1148 W Civic Center Dr, Santa Ana, CA 92703, USA
Created date: July 10, 2024
Date last updated: July 19, 2024
  • Majority Two-Bedroom Units
  • $219,643/Unit
  • Projected 9.2% CAP Rate on Market Rents
  • Extremely Desirable Rental Location Near Santa Ana Police Station and Santa Ana Civic Center
  • Highly Motivated Seller

Property Description

Morgan Skenderian is 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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $3,075,000
No. of Units: 14
Year Built: 1963
Lot Size: 0.40 Sq ft
Opportunity Zone: No
Price per unit: $219,643
Property Website Click Here
Address: 1148 W. Civic Center Drive, Santa Ana, CA 92703, USA
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