931-935 S Standard Ave

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.