1148 W Civic Center Drive

Santa Ana, CA 92703

$3,075,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1963

calendar_month Built

Property Description

Pleased to present the La Mar Apartments, a 14-unit multifamily property, located at 1148 West Civic Center Drive. Built in 1963, this property features a majority of two-bedroom units, offering a compelling investment potential at $219,643 per unit. With a projected 9.2% CAP rate based on market rents, the La Mar Apartments presents a lucrative opportunity. Its highly desirable location near the Santa Ana Police Station and Civic Center adds to its appeal. A motivated seller with no intention of keeping this property makes this an opportunity not to be missed.

Listing Information

List Price $3,075,000
Status Pending
MLS PW24172731
Type Residential Income
Subtype Mixed Use
Year Built 1963
Lot Size 17,428
Structure Size N/A
DOM 22
Courtesy Of Morgan Skenderian
Listing Agent Rick Applebaum DRE#01273871
Co-Listing Agent Paul Espinosa DRE#01942627

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Rick Applebaum, Paul Espinosa, Morgan Skenderian . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:20 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.