1629 West Civic Center Drive

Description:

Civic Center Dr. has completed all planned interior and exterior capital improvement projects and continues to operate as a well-maintained, stabilized asset. The property is currently 93% occupied and has consistently maintained strong occupancy, reflecting healthy demand within the Santa Ana rental market.

Management remains focused on maximizing the property's performance through ongoing lease renewals with rental rate increases as existing leases expire. With all major capital improvements complete and only limited vacancy, the property is well-positioned to maintain stable cash flow while capturing additional rental growth over time.

PROPERTY BENEFITS
▪ 14 units, built 1987 and renovated in 2023
▪ 93% occupied
▪ Controlled access with gated garage parking
▪ Private balconies
▪ Central Santa Ana location
▪ $4,900,000 price: $350,000/unit, 4.31% current cap rate, 6.37% pro forma cap rate

Offered directly by Ownership. Buyer's brokers welcome.