817 N. Parton Street & 814 N. Van Ness Avenue

Santa Ana, located in the heart of Orange County, California, is a vibrant city known for its rich cultural heritage and diverse population of approximately 332,000 residents. A median household income of approximately $66,000 and around 54% of its housing occupied by renters, Santa Ana reflects a dynamic urban environment that attracts a mix of families, students, and young professionals. Major employers in Santa Ana include the County of Orange, the Santa Ana Unified School District, and various healthcare providers, contributing to a robust local economy. Santa Ana has also implemented various government incentives and redevelopment programs aimed at revitalizing neighborhoods and boosting community development. Initiatives such as the Downtown Santa Ana Revitalization Plan focus on enhancing public spaces, improving infrastructure, and supporting local businesses. This commitment to redevelopment not only fosters economic growth but also enhances the quality of life for residents. Strategically located just a few miles from the Pacific coast and easily accessible via the 5 and 55 freeways, Santa Ana also boasts a range of attractions, such as the Bowers Museum, known for its impressive collection of world art, and the Santa Ana Zoo, which offers family-friendly activities and educational programs. These features, combined with a thriving arts scene and numerous parks, make Santa Ana a unique and appealing city to live, work, and explore.Morgan Skenderian, Inc., is pleased to present 817 N. Parton Street and 814 N. Van Ness Avenue. These two multiffamily investment opportunities are located in the heart of Santa Ana, and are directly across from the bustling Santa Ana Civic Center and just minutes from the vibrant Downtown Santa Ana Historical District. This exceptional real estate offering features a desirable unit mix of one- and two-bedroom apartments, spread across two separate parcels comprising a 12-unit and a 6-unit property. Some of the property amenities include onsite laundry facilities, wall A/C and patios/balconies (for select units). The ample parking options, including a total of 32 parking spots with garages, carports, and open spaces, provide added convenience for tenants. With a projected 43% rental upside and an impressive 9.2% CAP rate on market rents, this property is an investor's dream. This incredible rental location is perfectly poised to attract a diverse tenant base, ensuring steady income potential. Don't miss out on this rare chance to acquire a high-performing asset in a sought-after area.