Pleased to present the La Mar Apartments, a 14-unit multifamily property, located at 1148 West Civic Center Drive. Built in 1963, this property features a majority of two-bedroom units, offering a compelling investment potential at $219,643 per unit. With a projected 9.2% CAP rate based on market rents, the La Mar Apartments presents a lucrative opportunity. Its highly desirable location near the Santa Ana Police Station and Civic Center adds to its appeal. A motivated seller with no intention of keeping this property makes this an opportunity not to be missed.
Sold for $2,700,000
Listed by: Morgan Skenderian • Rick Applebaum • Contact: 949-251-8800
Bought with: Marcus & Millichap RE Invest
$2,700,000
1148 W Civic Center Dr, Santa Ana, CA 92703
22beds
14baths
9,385sqft
Mixed Use
Built in 1963
-- sqft lot
$2,978,300 Zestimate®
$288/sqft
$1,356 Estimated rent
Home value
$2,978,300
$2.68M - $3.31M
$1,356/mo
Zestimate® history
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$17,116/mo
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Zillow last checked:
Listing updated:
Listed by:
Rick Applebaum DRE #01273871 rma@morganskenderian.com,
Morgan Skenderian,
Paul Espinosa DRE #01942627,
Morgan Skenderian
Bought with:
Greg Bassirpou, DRE #01365951
Marcus & Millichap RE Invest
Source: CRMLS,MLS#: PW24172731
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 14
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 9,385
- Total interior livable area: 9,385 sqft
Property
Parking
- Total spaces: 21
- Parking features: Assigned
- Carport spaces: 15
- Uncovered spaces: 6
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 0.4 Acres
Details
- Parcel number: 40508202
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Gutter(s), Sidewalks
Location
- Region: Santa Ana
Financial & listing details
- Price per square foot: $288/sqft
- Date on market: 8/20/2024
- Cumulative days on market: 22 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2024 | Sold | $2,700,000$288/sqft |
Source:  CRMLS #PW24172731 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Flower Park
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Nearby schools
GreatSchools rating
- 3/10Heroes Elementary SchoolGrades: K-5Distance: 0 mi
- 1/10Willard Intermediate SchoolGrades: 6-8Distance: 0.6 mi
- 3/10Santa Ana High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$2,978,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,978,300
- California
- Orange County
- Santa Ana
- 92703
- Flower Park
- 1148 W Civic Center Dr
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