Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire the South Standard Portfolio, a 48-unit multifamily investment portfolio located in Santa Ana, California.
Built in 1958, the South Standard Portfolio consists of 48 multifamily units across four parcels. Most units at 939 & 1001 South Standard Avenue have been partially renovated with upgraded flooring, kitchen, and bath. Seventeen of the units at 1013 & 1017 South Standard Avenue have been partially renovated with new flooring, kitchens, and baths. The exterior of 1013 & 1017 South Standard Avenue was
recently renovated in 2018.
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 14.62 percent to $84,852 by 2022. The South Standard Portfolio presents investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 22 percent.
Given the strong market dynamics and unique appeal of the subject properties, the South Standard Portfolio is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
***Properties can be purchased individually or as a portfolio