Property Overview

Property Facts

  • Price $1,625,000
  • Price Per Unit $270,833
  • Current CAP Rate 6.08%
  • Current GIM 11.24
  • Year Built 1947
  • Building Size (SF) 3,800
  • Lot Size (AC) 0.25
  • Address 411 North Eastwood Avenue, Santa Ana, CA 92701
  • APN 393-383-04
  • Property Type Multifamily

The Offering

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 411 North Eastwood Avenue, a 6-unit multifamily property located in Santa Ana, California. Built in 1947, the property features approximately 3,800 rentable square feet on a spacious 0.25-acre lot. The unit mix consists of 6, one-bedroom, one-bathroom units, 3 of which feature dens, offering layouts that appeal to a variety of renters.

The property features ample parking with 6 single-car garages and 6 surface spaces, an attractive amenity for potential renters. The property is situated just blocks from the French Park Historic District, a neighborhood known for its tree-lined streets and historic charm, and is minutes from the heart of Downtown Santa Ana, where residents can enjoy the shops, restaurants, and nightlife along 4th Street and the Artists Village. In addition, Old Town Tustin is located nearby, offering a historic main street with boutiques, dining, and community events. This prime location provides residents with a mix of neighborhood character, lifestyle amenities, and convenient access to major employment centers throughout Orange County.

For investors, 411 North Eastwood Avenue presents a rare opportunity to acquire a well-located asset in a supply-constrained market. The property’s favorable unit mix, ample parking, and proximity to popular lifestyle destinations position it to maintain consistently strong tenant demand and stable occupancy. With Santa Ana’s continued growth as a residential and employment hub, the property is well positioned to provide reliable cash flow and long-term value appreciation.

Investment Highlights

Desirable Unit Mix: Features three one-bedroom/one-bath units and three one-bedroom/ one-bath units with dens, appealing to a wide range of tenant profiles

Ample Parking: Offering an attractive parking ratio including six garage spaces and six surface spaces, a highly desirable amenity in a dense rental market
Prime Santa Ana Location: Walking distance to French Park and just minutes from Downtown Santa Ana’s 4th Street Market, Artists Village, and nightlife

Excellent Transportation Access: Conveniently located near State Route 55, Interstate 5, and the Santa Ana Regional Transportation Center, providing renters with quick connectivity to job centers, shopping, and entertainment throughout Southern California

Team

Tyler Leeson

Tyler Leeson

Executive Managing Director
CA 01451551
Matthew Kipp

Matthew Kipp

Senior Managing Director
CA 01364032
Anthony Brown

Anthony Brown

Senior Director
CA 01974830