322-324 S. Lyon Street & 1607 E. Chestnut Avenue

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Address: 322 S Lyon St, Santa Ana, CA 92701, USA
Created date: July 10, 2024
Date last updated: July 11, 2024
  • Beautifully Maintained, Turnkey Property
  • Exceptional Rental Location Bordering Tustin
  • 70% Two Bedroom Units
  • Majority of Interiors Renovated
  • Newer Roofs, Windows, Decks, Balconies, Railings, Landscaping, Asphalt, Lighting, Paint, Etc. (2013)
  • Two Separate Parcels

Property Description

Morgan Skenderian is pleased to present the Hacienda Palms Apartments, a prime investment opportunity in Santa Ana, CA. This immaculately renovated 10,797 SF multifamily property presents an enticing prospect for the low-rise/garden style investors. Built in 1957 and fully revitalized in 2013, this property boasts updated modern conveniences and overflows with curb appeal. The high-quality condition and desirable unit mix of majority two-bedroom units keeps rental demand at the maximum. In addition, the property sits atop two parcels of land, combining for a total lot size of 27,898± SF. The separate parcels and excess land afford the investor multiple options to enhance the value of this asset through the addition of ADU's and individual sales of each parcel. Don't miss the chance to capitalize on this turnkey investment with endless potential for growth and prosperity in the highest rental demand city in Orange County.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $4,695,000
No. of Units: 17
Average Occupancy: 5
Year Built: 1957
Lot Size: 0.64 Sq ft
Opportunity Zone: No
Price per unit: $276,176
Property Website Click Here
Address: 322-324 S. Lyon Street & 1607 E. Chestnut Avenue, Santa Ana, CA 92701, USA
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