Listed by Marcus & Millichap - Orange County
$4,400,000
Maple Street Apartments
Details
APN 422-162-05 & 422-162-06
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,840
Net Rentable (SqFt) 7,840
Units 10
Cap Rate 4.09%
NOI $180,081
Pro-Forma Cap Rate 4.38%
Pro-Forma NOI $192,556
Price per SqFt $561
Broker Co-Op True
Class B
Year Built 1956
Year Renovated 2025
Buildings 2
Stories 2
Acreage 0.410
Zoning R2-MD
Parking Spaces 16 spaces
Parking per 1,000 SqFt 2.04
Investment Type Stabilized
10 Unit, Turnkey Multifamily Investment Opportunity | Prime OC Coastal Submarket
Marketing description
PRIME COASTAL OC SUBMARKET:
Maple Street Apartments is ideally positioned to benefit from these fundamentals. Located just minutes from the Pacific Ocean, John Wayne Airport, UC Irvine, Fashion Island, Newport Bay, and the Costa Mesa Country Club, the property sits within one of Orange County’s most sought-after rental submarkets. A second image highlights the property's adjacency to major arterial corridors and an extensive retail hub anchored by Home Depot, Northgate Market, Starbucks, McDonald’s, TJ Maxx/HomeGoods, and more—an amenity cluster that significantly enhances renter appeal.
Investment highlights
TURNKEY, RECENTLY RENOVATED PRIDE OF OWNERSHIP PROPERTY:
- New Roofs - 2021 & 2025
- Electric Sub-panels - Interior & Exterior - Replaced - 2025
- New Dual Pane Vinyl Widows - 2025
- Walkway Inspections Completed
- Driveways Resealed - 2025
DESIRABLE RENTAL UNITS:
- Washer Dryer Hookups in All Units
- Air Conditioning in All Units
- Individual Hot Water Heaters in All Units
- Vaulted Open Beam Ceilings in All Units
- 80% 2 Bedrooms, 20% Single Story 1 Bedrooms
Listing Contacts
Listed by Marcus & Millichap - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,081.00
$15,006.75/mo
Valuation Metrics
0
DSCR
4.09%
Cap Rate
4.09%
ROI
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Property History
Tax History
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