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25737280
25737284

120 E Pine St, Santa Ana, CA 92701

DK
CA 01761861
Alliance Investment Real Estate Group
RK
01085411
Alliance Investment Real Estate Group
Listed by Alliance Investment Real Estate Group
$3,849,000
86 days on market
Updated 3 days ago

Pine Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Units 14
Cap Rate 6.02%
NOI $231,747
Occupancy 100%
Year Built 1971
Year Renovated 2024

Multifamily | 6.02% CAP | 14 Units

Marketing description

Alliance Investment Real Estate Group, as the exclusive listing agent, is pleased to present the Pine Apartments consisting of 14 Units (with patios & balconies) in a high demand rental area of Santa Ana. This is a PRIDE OF OWNERSHIP property that is always 100% occupied with strong rents in place and additional rental upside for a new investor to take advantage of. This property is individually metered for Electric (tenants responsibility) and has NO GAS. The roof is approximately 10 years old with ample parking - plenty of carports and street parking available. Property has an on-site laundry room that is owned and has copper plumbing. Majority of the units have been upgraded.

NEW IN 2025: Stucco, Paint, Windows, and Landscaping! This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow!

Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.

NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE SPEAKING WITH THE LISTING OFFICE FIRST!!!

PLEASE DO NOT WALK ONTO THE PROPERTY OR TALK TO ANY OF THE TENANTS SINCE THEY ARE NOT AWARE THIS PROPERTY IS FOR SALE. THANK YOU.

Investment highlights

  • Gated Complex - PRIDE OF OWNERSHIP 1971 Construction With Copper Plumbing - Great Unit Mix With Patios & Balconies

  • NEW IN 2025: Stucco & Paint, Windows, Landscaping! Most Of The Units Have Been upgraded!

  • Corner (Huge) Lot - Great Rental Area - 100% Occupied - On Site Laundry Room (Owned)

  • All Electric Building (Tenants Responsibility) - NO GAS!

  • Plenty Of Parking - Carports For All Units

  • Roof Is About 10 Years Old

Listing Contacts

DK
CA 01761861
Alliance Investment Real Estate Group
RK
01085411
Alliance Investment Real Estate Group
Listed by Alliance Investment Real Estate Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$231,747.00
$19,312.25/mo

Valuation Metrics

0
DSCR
6.02%
Cap Rate
6.02%
ROI

Map

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Additional Information

Name
Daniel Khorsandi
License
01761861
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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