SOLDOCT 12, 2023
Listed by Greg Bassirpou, Marcus & Millichap RE Invest, (949) 419-3200 . Bought with Marcus & Millichap RE Invest
1401 S Standard Ave
Santa Ana, CA 92707
Cornerstone Village
14 Beds
10 Baths
6,589 sqft
- 14 Beds
- 10 Baths
- 6,589 sqft
$2,150,000
Last Sold: Oct 12, 2023
6% below list $2.29M
$326/sqft
Est. Refi. Payment $13,609/mo*
$2,150,000
Last Sold: Oct 12, 2023
6% below list $2.29M
$326/sqft
Est. Refi. Payment $13,609/mo*
14 Beds
10 Baths
6,589 sqft
Homes for Sale Near 1401 S Standard Ave
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Local Information
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Description
This property is no longer available to rent or to buy. This description is from October 13, 2023
The Standard Avenue Apartments is a nine-unit apartment building located in the City of Santa Ana, one of the strongest rental markets in Southern California. The City of Santa Ana is a historic city with a vibrant downtown located in Orange County. Built in 1961, the subject property offers an attractive unit mix comprised of three-, two-, and one-bedroom units totaling 6,589 square feet. Some amenities include gated entry, ample on-site parking, and an on-site laundry room. Some recent renovations and upgrades include new floors, new bathrooms, updated kitchens, and fresh paint throughout. This offering represents a rare opportunity for an investor to achieve a 6.05% CAP Rate and 5.76% Cash-on-Cash return, on current income, for a stable, turnkey investment property in the desirable rental market of Santa Ana, California. Additionally, The Standard Avenue Apartments are well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
Home Highlights
Parking
12 Parking Spaces
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$326/sqft
Listed
153 days ago
Home Details for 1401 S Standard Ave
Interior Features |
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Beds & Baths Number of Bedrooms: 14Number of Bathrooms: 10 |
Appliances & Utilities Laundry: Community |
Windows, Doors, Floors & Walls Common Walls: No Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: Ground |
Exterior Features |
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Exterior Home Features No Private Pool |
Parking & Garage Open Parking Spaces: 12No GarageParking Spaces: 12 |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
Property Information |
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Year Built Year Built: 1961 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 01425216 |
Price & Status |
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Price List Price: $2,295,000Price Per Sqft: $326/sqft |
Status Change & Dates Off Market Date: Tue Sep 19 2023 |
Active Status |
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MLS Status: Closed |
Location |
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Direction & Address City: Santa Ana |
Building |
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Building Area Building Area: 6589 Square Feet |
Community |
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Community Features: Sidewalks, Storm Drains, Street LightsNot Senior Community |
HOA |
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Association for this Listing: California Regional MLSNo HOA |
Lot Information |
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Lot Area: 10181 sqft |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Rental |
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Has Rent Control |
Miscellaneous |
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Mls Number: OC23089123 |
Additional Information |
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SidewalksStorm DrainsStreet Lights |
Last check for updates: about 21 hours ago
Listed by Greg Bassirpou DRE #01365951
Marcus & Millichap RE Invest
Bought with: Greg Bassirpou DRE #01365951, Marcus & Millichap RE Invest
Originating MLS: California Regional MLS
Source: CRMLS, MLS#OC23089123
Price History for 1401 S Standard Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 10/12/2023 | $2,150,000 | Sold | CRMLS #OC23089123 |
| 09/19/2023 | $2,295,000 | Pending | CRMLS #OC23089123 |
| 09/11/2023 | $2,295,000 | PriceChange | CRMLS #OC23089123 |
| 05/22/2023 | $2,540,000 | Listed For Sale | CRMLS #OC23089123 |
| 01/04/2022 | $1,900,000 | Sold | CRMLS #OC21223040 |
| 10/27/2021 | $2,100,000 | Pending | CRMLS #OC21223040 |
| 10/07/2021 | $2,100,000 | Listed For Sale | CRMLS #OC21223040 |
Comparable Sales for 1401 S Standard Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.40 | Multi-Family Home | $1,215,000 | 02/27/24 | 8 | 4 | 3,302 | |
0.40 | Multi-Family Home | $4,525,000 | 10/16/23 | 24 | 24 | 14,784 | |
1.09 | Multi-Family Home | $2,850,000 | 04/08/24 | 9 | 10 | 7,638 | |
0.44 | Multi-Family Home | $1,095,000 | 07/13/23 | 8 | 4 | 3,240 | |
1.19 | Multi-Family Home | $2,300,000 | 10/13/23 | 16 | 14 | 7,912 | |
0.59 | Multi-Family Home | $850,000 | 10/10/23 | 10 | 6 | 2,000 | |
1.17 | Multi-Family Home | $1,540,000 | 07/24/23 | 7 | 7 | 4,000 | |
1.59 | Multi-Family Home | $2,200,000 | 02/28/24 | 14 | 14 | 8,654 | |
1.17 | Multi-Family Home | $760,000 | 10/25/23 | 5 | 6 | 3,804 |
Assigned Schools
These are the assigned schools for 1401 S Standard Ave.
- Julia C. Lathrop Intermediate School
- 6-8
- Public
- 805 Students
3/10GreatSchools RatingParent Rating AverageI would rate this school eight out of ten.. I think they need to work on staff and teachers on to be patient with every child at this school.. including getting help to every child that taking the wrong path. It's wake up and make a difference...Parent Review6y ago - Madison Elementary School
- K-6
- Public
- 950 Students
6/10GreatSchools RatingParent Rating AverageN/AStudent Review14y ago - Century High School
- 9-12
- Public
- 1643 Students
4/10GreatSchools RatingParent Rating AverageCentury high school is often wrongly bashed on. There are MANY teachers and staff members who truly care about the future of their students. Moreover, the school has undergone great change in recent years and yet it's negative reputation still wrongfully follows it. Newly appointed principal Mr. parra clearly understands his students situations and leads by great example. A visit, rather than reading reviews, will clear out any concerns any parent/student may have.Student Review8y ago 
Check out schools near 1401 S Standard Ave.
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Neighborhood Overview
Neighborhood stats provided by third party data sources.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for Rent Near 1401 S Standard Ave
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Off Market Homes Near 1401 S Standard Ave
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SOLDAPR 26, 2024First Team Real Estate North Tustin
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1401 S Standard Ave, Santa Ana, CA 92707 is a 14 bedroom, 10 bathroom, 6,589 sqft multi-family built in 1961. 1401 S Standard Ave is located in Cornerstone Village, Santa Ana. This property is not currently available for sale. 1401 S Standard Ave was last sold on Oct 12, 2023 for $2,150,000 (6% lower than the asking price of $2,295,000).