Property Overview
Price/Rent PSF $ 925,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 3,160
Date Available 01/03/2019
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Near Willard Elementary School, Santa Ana College, and Downtown Santa Ana

SVN Vanguard is pleased to present the Parton Apartments, a 4-unit apartment building located in a highly desirable Santa Ana neighborhood. The Parton Apartments are occupied with a mixture of long term and new tenants, providing an investor the opportunity to increase rents and immediately increase return.

The Parton Apartments are composed of two 2 Bedroom 1 Bath units and two 1 Bedroom 1 Bath units. All units are spacious and well designed with access to a gated yard area. Additionally, there are four garage parking spaces with additional off-street parking available for residents. This building is located within an excellent rental location and boasts historically low vacancy rates with ability to drastically increase rents.

The Parton Apartments are individually metered for electricity and gas. The owner replaced the water heater in 2017, and replaced the roof within the last four years. Landlord expenses include common expenses and include water services.

The Parton Apartments are located on the cross streets of W 15th Street and N Parton St and within a short distance to multiple retail shopping center destinations, the 5 Freeway on-ramp, Downtown Santa Ana, Santa Ana College, Main Place Mall, and the Orange County Superior Court. Coupled with its close proximity to many Southern California's family destinations such as Disneyland, Los Angeles Angels of Anaheim Stadium, Honda Center, Knott's Berry Farm and many more.