710 W Washington

Property Overview
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.
Home Details
- Property type
- ResidentialIncome - MixedUse
- Year built
- 1983
- Lot size
- 8,133 sq ft
- Parking
- 14 spaces
- Garage
- 14 spaces
- Stories
- 3.0
- Days on market
- 0
- MLS status
- Active
Features & Amenities
Pool
- None
Lot
- Sixteen To Twenty Units Acre
Community, Schools & Utilities
Utilities
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions
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“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

