1722 North Bush Street

• Diverse Mix of Studio, One, & Two-Bedroom Floor Plans
• Two Units are Non-Conforming Studio Floor Plans & Could Potentially be Converted into Accessory Dwelling Units (ADUs)
• Controlled Access Leading to Three Spacious Outdoor Patios & a Multi-Story Parking Garage
• Recently Renovated Units Feature Fresh Paint, Vinyl & Tile Flooring, Granite Countertops, Custom Cabinetry, Appliances, & More
• All Fourth Floor Units Feature Skylights
• Multiple On-Site Laundry Facilities, Each with Two Washers & Two Dryers, Provide an Additional Revenue Stream
• Situated Just to the North of Downtown Santa Ana

Property Description

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Imperial Apartments, a 51+2 unit multifamily investment property located at 1722 North Bush Street, Santa Ana, CA. Built in 1985, Imperial Apartments features three floors of residential units situated above a spacious subterranean parking garage offering 65 parking spaces. The property’s attractive mix of studio, one-bedroom, and two-bedroom floor plans helps to attract a diverse renter pool. Additionally, residents enjoy amenities including controlled access, recently renovated large common area patios, on-site laundry facilities (two washers and two dryers per floor), and an elevator (see Offering Memorandum). Furthermore, all units have been renovated to high standards, allowing current ownership to achieve substantial rental premiums (see Offering Memorandum). Imperial Apartments benefits from its excellent north Santa Ana location just north of Downtown Santa Ana and its bustling 4th Street, providing residents with convenient access to a plethora of retail, dining, and entertainment options. The property is just over 1 mile from Santa Ana College, the 3rd top employer within the city per Santa Ana’s 2023 Annual Comprehensive Financial Report. Furthermore, Imperial Apartments is located within a 1.25-mile radius of all levels of schooling, including Sierra Preparatory Academy and Santa Ana High School. Residents enjoy the property's close proximity to Interstate 5, connecting residents to employment hubs throughout Southern California. Given the property’s high-quality unit finishes and close proximity to Santa Ana’s most popular destinations, Imperial Apartments is well suited to provide investors with strong returns over the long-term investment horizon. Please Contact Agents For Offering Memorandum