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1001 Riverine Avenue, Santa Ana, CA 92701

Property Details

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1001 Riverine Avenue
Santa Ana, CA 92701

For Sale: $6,250,000

Property Type: Commercial Apartments
MLS#: OC18256843

  • Building Size: 20854 SF
  • Lot Size: 20908.8 SF
  • Number of Units: 30
  • Number of Stories: 3
  • Year Built: 1983
  • Days on market: 179
  • Net Operating Income: $266,225
  • Gross Scheduled Income: $448,455
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Tyler Leeson, Marcus & Millichap RE Invest

Property Description

Riverine Apartments is a 30-unit multifamily investment property located at 1001 Riverine Avenue, Santa Ana, CA. Built in 1982, Riverine Apartments offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 14 percent. Situated on a 0.48-acre lot, the 20,854 square foot property consists of spacious studio units and offers residents on-site laundry, controlled access, security doors, private balconies, and gated covered parking. Riverine Apartments is located within walking distance of Downtown Santa Ana, providing residents with convenient access to ample retail, dining, and entertainment options. The property is also situated in close proximity to Interstate 5, providing residents with easy access to major employment centers throughout North Orange County.

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1001 Riverine Avenue, Santa Ana, CA 92701

Based on information from California Regional Multiple Listing Service, Inc. as of March 25, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Tyler Leeson, Marcus & Millichap RE Invest

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