Address
2140 S Main Street Santa Ana, CA
Price
$ 14,750,000
Property Attributes
  • MLS#OC20191672
  • TypeIncome
  • CountyORANGE
  • CitySanta Ana
  • Zip92707
  • Style
  • Price$ 14,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage48459
  • Lot Size0.88 Acres
Listing Provided Courtesy Of:
Tyler Leeson with Marcus & Millichap RE Invest.
Property Description

Southtown at Main is a mixed-use investment property consisting of 44 multifamily units and 4 retail suites located at 2140 South Main Street, Santa Ana, CA. Built in 1988, Southtown at Main offers a fantastic unit mix consisting of spacious studio, one-bedroom, and two-bedroom floor plans, which allow the property to appeal to a wider renter base. The property provides a wide range of amenities including controlled access with keypad entry, gated subterranean parking, an on-site manager's office, a business center, a fitness center, an elevator, and on-site laundry facilities. Since 2015, current ownership has invested nearly one-million dollars towards improving 30 of the 44 residential units, as well as the property's amenities and exterior (contact Listing Agent for more details). A continued renovation plan to complete the remaining units will help a future investor achieve market-level rents across all unit types. Southtown at Main has an ideal Santa Ana location, positioned equidistant from Downtown Santa Ana to the north and the South Coast Metro to the south. The property is also situated within a two and a half mile radius of nearby primary transportation arteries, such as State Routes 55 and 73 and Interstates 5 and 405, providing residents with easy access to major employment centers throughout Orange County. In the unit mix, the last four studios are the four retail suites.

Price History
9/15/2020 Listed $14,750,000

General Features

Attached Structure Detached
Carport Spaces 24.00
Community Features Sidewalks, Street Lights
Directions Cross Streets: Main St / Warner Ave
Garage Spaces 71.00
Listagentaor Orange County
Listing Agent Tyler Leeson - BRE#01451551
Listing Agent State License 01451551
MLS Area 699 - Not Defined
Number of Units Leased 48
Pool Features None
Price Per Square Foot 304.38
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 48

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Community, Electric Dryer Hookup, Washer Hookup
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 5

Exterior Features

Building Area Total 48459.00
Lot Features Landscaped
Lot Size Acres 0.8800
Lot Size Area 0.8800
Lot Size Source Assessor
Lot Size Square Feet 38332.80
Lot Size Units Acres
Number of Buildings 1
Number of Separate Electric Meters 48
Number of Separate Gas Meters 48
Number of Separate Water Meters 1
Total Parking 95.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92707

Price
AVG $3.3M
$14.75M
Visits
AVG 47
38
Year Built
AVG 1968
1988

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