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1401 S Standard Ave
Santa Ana, CA 92707 Cornerstone Village

$3,450,000 USD

Apartments For Sale  •  6,589 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,589 SF
  • Lot Size 0.23 AC
  • Building Class C
  • Year Built 1961
47 Transit Score
77 Walk Score

Highlights

Turnkey multifamily investment property
Strong unit mix of one-,two-, and three-bedroom floor plans.
$350,000 in recent capital improvements that significantly enhance property performance.
Extensive Renovations Completed: New roof, new windows, new electrical subpanels, new sub breakers, updated interiors, and more.
Strong Financial Performance: Current Annual Gross Income $285,000 | Current Cash-On-Cash 7.11%
Tenant-Favored Amenities: 11 open parking spaces, shared central courtyard, gated access, and on-site laundry facility.

Amenities

  • Laundry Facilities
  • Vinyl Flooring
  • Quartz Countertops

Public Transportation

Commuter RailDriveWalkDistance
Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 1.7 mi
Tustin (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.8 mi
AirportDriveWalkDistance
John Wayne/Orange County 9 min - 4.9 mi
Long Beach (Daugherty Field) 31 min - 23.7 mi
Ontario International 48 min - 37.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 11
Type: Surface
Included in Rent: Yes
Justin Butler 949-202-7255 Kirklen Investment Group
Justin Butler 949-202-7255 Kirklen Investment Group