710 W Washington, Santa Ana, CA 92703
- $2,615,000
- Sold Price
- $2,615,000
- List Price
- $2,950,000
- Closing Date
- Apr 29, 2026
- Status
- CLOSED
- MLS#
- NP26007705
- Year Built
- 1983
- Lot Size
- 8,133
- Acres
- 0.19
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 97
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Three Or More Levels
Property Description
JUST REDUCED: NEW VACANCY FOR RENT $2100. The Washington Apartments is a 14-unit apartment community located in the heart of Santa Ana. Built in 1983 and situated just north of the historic Downtown District, the property offers investors a high–cash-flow opportunity with significant upside potential. The property is attractively priced at a strong 5.9% cap rate based on current income, with local market rents supporting an estimated 8.9% pro forma cap rate. The Washington Apartments features spacious studio units, each exceeding 700 square feet. Residents currently pay RUBS, contributing to efficient, low-expense operations. The property also provides multiple on-site common-area laundry machines for resident convenience, as well as 14 gated garage parking spaces located on the first floor.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 14
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 14
- Gross Scheduled Income
- $290,502
- Operating Expense
- 93177
Listing courtesy of Listing Agent: Randall Mycorn (randall@rlmequities.com) from Listing Office: R L M Equities.
Listing sold by Alex Duarte from First Team Real Estate
Mortgage Calculator
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