931-935 S Standard Ave

931-935 South Standard Avenue Santa Ana, CA 92701 24 Units
931-935 S Standard Ave

Investment Highlights

  • Market Capitalization Rate of 5.60% at Asking Price
  • High Occupancy with Strong Cash Flow and Rental Increase Upside
  • Proven Value Add Opportunity
  • Low GRM
  • Attractive Assumable Loan at 2.90% Interest with Market Rate Leverage
  • Strong Loss to Lease
  • Commutable to Over 4M Jobs

Property Description

THE MOGHAREBI GROUP is pleased to present the opportunity to acquire 931-935 South Standard Avenue, a 24-unit multifamily community located in Santa Ana, CA. Built in 1958 and situated on 0.36 acres on two separate parcels, the property is comprised of wood-frame and stucco-constructed buildings housing a mix of all one-bedroom / one-bathroom floorplans. While a few of the units have been renovated, an investor has the opportunity to modernize the remaining units to contemporary standards and achieve $140 rent premium per unit. The property is almost fully occupied with a high in-place loss-to-lease and investors can increase returns with a slight rental increase and full recovery of loss-to-lease. 931-935 South Standard Avenue is offered with a 5-year existing loan, which provides an opportunity to lock in an attractive, fixed interest rate (2.90%) at record low levels.

931-935 South Standard Avenue
Santa Ana, CA 92701
931-935 South Standard Avenue is located along Standard Avenue with over 10,000 cars per day. The property is located less than 1.5 miles from the intersection of Interstate 5 and State Route 55, two of Orange County’s most important freeways. Within a 15-, 30-, and 60-minute commute of the property there are approximately 512,000, 1.7 million, and 4.2 million jobs, respectively. Easy access to jobs provides for an increasingly robust tenant base.

Listing Advisors

Mike Marcu

Senior Vice President

(949) 688-1224

CA Lic. #00919594