Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Ten Sixty Apartments, a 25-unit multifamily investment property located in Santa Ana, one of the premier housing markets nationwide.
Named the county seat in 1889, Santa Ana is also known as the financial and governmental center of Orange County. It’s 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.
Built in 1951, Ten Sixty Apartments offers investors the opportunity to capitalize on the strong market trends that should increase rental income by approximately 26 percent. Situated on a 0.43-acre lot, the property consists of one- and two-bedroom floor plans and offers amenities including gated access, open and garage parking, on-site laundry and a spacious central courtyard.
Given the strong market dynamics and unique appeal of the subject property, Ten Sixty Apartments is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.