Back

1 of 22

2 of 22

3 of 22

4 of 22

5 of 22

6 of 22

7 of 22

8 of 22

9 of 22

10 of 22

11 of 22

12 of 22

13 of 22

14 of 22

15 of 22

16 of 22

17 of 22

18 of 22

19 of 22

20 of 22

21 of 22

22 of 22

511 E Washington Ave
Santa Ana, CA 92701 French Court

$9,300,000 USD

Apartments For Sale • 26,707 SF

Property Details

Property Type Apartments
Total Building Size 26,707 SF
Lot Size 1.07 AC
Building Class C
Year Built 1964
Cap Rate 6.46 %
Zoning R3

51 Transit Score

87 Walk Score

                
                    Highlights
                
                                Excellent Location Across From Historic French Park Community & Vibrant Downtown Santa Ana
                            
                                6.5% CAP Rate and 9.0% Cash-on-Cash Return on Current Income /  Value-Add Opportunity: Substantial Rental Upside 
                            
                                Very Attractive Unit Mix Consisting of One-, Two-, & Three-Bedroom Units / Extensive Recent Renovations & Upgrades of Interiors & Exterior
                            
                                Opportunity to Add ADU’s to Property to Further Maximize Cash Flow / Ample On-Site Parking Including (34) Carports & (22) Open Spaces
                            
                                Secured Gated-Entry with Large Garden-Style Courtyard, BBQ Area, Patios, & Balconies / RUBS (Utility Billing) System Already in Place
                            
                                Building Owned On-Site Laundry Facility / Easy Access to Freeways and Close to Schools, Retail, Employment, & Entertainment

Property Flyers

511 E Washington Ave OM (093025)

Financial Summary (Actual)

Net Operating Income: $601,116 USD (2024)

Cap Rate:	6.46 %
Total Expenses:	$215,649 USD

Amenities

Controlled Access
Courtyard
Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	3 min	15 min	0.7 mi
Orange (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	3.3 mi
Transit/Subway	Drive	Walk	Distance
Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	3 min	15 min	0.7 mi
Airport	Drive	Walk	Distance
John Wayne/Orange County	11 min	-	8.1 mi
Long Beach (Daugherty Field)	28 min	-	21.4 mi
Ontario International	46 min	-	35.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	22
Type:	Surface
Included in Rent:	Yes

Greg Bassirpou 714-608-3255 Marcus & Millichap

511 E Washington Ave Santa Ana, CA 92701 French Court