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John Fagan

john@johnfagangroup.com +1(669) 303-8501

Listed by Rick Applebaum, DRE #01273871 • Morgan Skenderian

$ 2,200,000

Est. payment | -/mo

0.28 Acres Lot

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$ 2,200,000

Est. payment | -/mo

Save

0.28 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26222660

Style Traditional

Year Built 1960

Lot Size 0.281 Acres

Source California Regional MLS

Property Description

809 S. Townsend Street is a 10-unit, 1961-vintage multifamily asset in Santa Ana totaling 6,840 SF of net rentable area on a 12,240 SF lot. The property is 100% occupied with a mix of six 1BR/1BA and four 2BR/1BA units, each with a private garage plus on-site laundry and ample street parking. Current ownership has recently completed several capital improvement projects including SB 721 compliance, deck repairs, new railings, new windows, and a new water heater, improving curb appeal and helping to minimize near-term capital expenditures. Current rent levels project to have 57% upside, with an 8.5% pro forma cap rate on market rents. Long-term ownership and a motivated seller create a clear value-add path for investors seeking stable in-place income with substantial rental upside in a high-demand Orange County submarket.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Rooms

Kitchen Oven Range - Gas

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Laundry In Laundry Room, Laundry Area, Washer/Dryer - Owned

Exterior

Parking Features Garage, Other

Garage Spaces 10.0

Pool 31, None

View Local/Neighborhood

Roof Type 2,Composition

Building

Foundation Concrete Slab

Water Hot Water, District - Public

Architectural Style Traditional

Others

Tax ID 10961122

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(669) 303-8501

john@johnfagangroup.com

1295 E Dunne Ave Suite 130 Morgan Hill, CA 95037, USA

809 S Townsend ST Santa Ana, CA 92704

John Fagan

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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809 S Townsend ST