Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 939 – 1001 South Standard Avenue, a 24-unit multifamily investment property located in Santa Ana, California.
Built in 1958, 939 – 1001 South Standard Avenue consists of 24 one-bedroom units on two adjacent parcels. Most units have been partially renovated with upgraded flooring, kitchen, and bath. Amenities include open parking, gated access, and on-site laundry.
Named the county seat in 1889, Santa Ana is also known as the financial and governmental center of Orange County. Santa Ana has been in recent competition with its fast growing neighbor, the city of Irvine in regards to commercial growth. As the city’s commercial wealth grows, average household income growth is also projected to rise by 15.42 percent to $89,467 by 2023.
Given the strong market dynamics and unique appeal of the subject properties, 939 – 1001 South Standard Avenue is well suited to provide investors with strong returns.