Property Detail

409 Pine

Santa Ana CA 92701

$2,975,000

Status: Active

Property Details

Description

409-415 E. Pine Street is a 12-unit multifamily property located in Santa Ana, CA, offering investors an opportunity to acquire a well-located Orange County asset. Built in 1983, the property consists of two contiguous parcels totaling 8,628 square feet of rentable area situated on a 14,000 square foot lot. The community features a desirable unit mix of four 1BR/1BA units and eight 2BR/1BA units, along with amenities including on-site laundry, gated entry, individual water heaters, and patios/balconies in select units. Recent capital improvements include roof restoration, HVAC replacements, water heater replacement, and interior updates to select units. The property is offered at a 6% CAP Rate on current income with 25% rental upside, providing investors with additional growth potential through continued upgrades, turnover, and rent increases.

Map Location

Listing provided courtesy of Garrett Blair of Morgan Skenderian. Last updated 2026-10-13 08:11:02.000000. Listing information © 2026 CRMLS.

John Collins

John Collins

DRE# 01948188
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