Bought with Greg Bassirpou • Marcus & Millichap RE Invest
$2,700,000
$3,075,000
12.2%For more information regarding the value of a property, please contact us for a free consultation.
9,385 SqFt
SOLD DATE : 11/14/2024
Key Details
Sold Price $2,700,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 9,385 sqft
Price per Sqft $287
MLS Listing ID CRPW24172731
Sold Date 11/14/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1963
Lot Size 0.400 Acres
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.
Location
State CA
County Orange
Interior
Fireplace No
Laundry Other
Exterior
Parking Type Assigned
Building
Water Public
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