1401 S Standard Ave
- Turnkey Property: Extensive Interior and Exterior Renovations
- New Roof, New Windows, New Water Heater, Quartz Countertops, LVP Flooring, Stainless Steel Appliances
- Current Gross Income: $285,000 in-place Annual Income
- Tenant-Favored Amenities: Security Screen Doors, Central Courtyard, On-Site Laundry Facility
Property Description
Kirklen Investment Group is pleased to present 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-term durability. The asset currently generates $285,000 in annual gross income ($23,750 per month), reflecting a strong 11.40 Gross Income Multiplier (GIM). With stabilized operations and modern finishes, the property provides investors with reliable cash flow, minimal management intensity, and strong performance within one of Orange County’s most consistently high-demand rental markets. Strategically located less than two miles from Downtown Santa Ana and 4th Street Market, 1401 S. Standard Avenue benefits from exceptional proximity to major employment, education, and lifestyle destinations. Nearby landmarks such as South Coast Plaza, the Santa Ana Zoo, and the new OC Streetcar line offer residents unmatched accessibility and convenience. In addition, close access to the I-5 and CA-22 freeways ensures seamless connectivity to job centers across Orange and Los Angeles Counties. Combining luxury-quality renovations, strong in-place income, and a prime central location, 1401 S. Standard Avenue represents a rare opportunity to acquire a stabilized, turnkey multifamily asset offering immediate cash flow and meaningful long-term appreciation potential within one of Santa Ana’s most resilient rental corridors.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,250,000 |
| No. of Units: | 9 |
| Year Built: | 1961 |
| Lot Size: | 0.23 Acres |
| Opportunity Zone: | No |
| Price per unit: | $361,111 |
| Property Website | Click Here |
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