Contemporary

1015 N Parton Street

Santa Ana , CA 92701

MLS#: PW25050495

$3,245,900

Status: Active
Listing number: PW25050495
Listing provided by: First Team Real Estate
Listing agent phone: None
Last update: 2 days ago
On site: 5 months ago
Browse Properties
Other - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1987

Sq.Footage

N/A

If you're looking for a great, solid investment in rental property, this is just what you're looking for! A great opportunity also exists in the ASSUMABLE LOAN at the low rate of 3.73%!! In a prime location just steps from the Santa Ana Civic Center, the Orange County Superior Court, and the reknowned Orange County School of Performing Arts, the location is also just minutes from Santa Ana College, the Bristol Marketplace shopping center and numerous other locales for shopping, dining and services. There's also easy access to public transporation. This 3 level building was built in 1987 and features an electronically controlled, gated parking garage on the 1st level and a total of 10 - 1 bedroom, 1 bath units on the next 2 levels. The units have a spacious great room with a large living and dining area and a convenient kitchen. The bedroom is at the rear with access to the large private balcony and the full bath. The units have newer windows and sliding glass doors, AC units and individual gas water heaters. Gas and electric are individually metered and the owner provides water, trash and sewer. Tenants are responsible for paying for their own cable TV and/or internet.. There is a community laundry room with leased equipment that the leasor maintains and a small garden area in front. With all that this property and location has to offer, including job opportunities, it's easy to see why it stays fully occupied and the turnover rate is low. You'll have the peace of mind of knowing that you have a steady income stream. Owning a single family home or duplex as a rental has the disadvantage of having greatly reduced or no income in the event of a unit turnover. With 10 units, you have offsetting income in the event of turnovers, which don't happen frequently. Add to your portfolio or dive into rental income property investments with this terrific 10 unit complex. What a great opportunity!!

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Open Floorplan, Master Downstairs

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Fireplace YN

    NO

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Other Exterior Features

    Lighting

  • Parking

    Assigned, Concrete, Covered

  • Pool

    Yes

  • Pool Features

    None

  • View

    None

Area & Lot

  • Lot Features

    Front Yard, Landscaped, Near Public Transit

  • Lot Size(acres)

    0.2

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

  • Architectural Style

    Contemporary

Price

  • Sales Price

    $3,245,900

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Foundation Details

    Slab

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    7

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Orange

Elementary School

Middle School

High School

Listing Courtesy of Mike Shahbazi , First Team Real Estate

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
If you're looking for a great, solid investment in rental property, this is just what you're looking for! A great opportunity also exists in the ASSUMABLE LOAN at the low rate of 3.73%!! In a prime location just steps from the Santa Ana Civic Center, the Orange County Superior Court, and the reknowned Orange County School of Performing Arts, the location is also just minutes from Santa Ana College, the Bristol Marketplace shopping center and numerous other locales for shopping, dining and services. There's also easy access to public transporation. This 3 level building was built in 1987 and features an electronically controlled, gated parking garage on the 1st level and a total of 10 - 1 bedroom, 1 bath units on the next 2 levels. The units have a spacious great room with a large living and dining area and a convenient kitchen. The bedroom is at the rear with access to the large private balcony and the full bath. The units have newer windows and sliding glass doors, AC units and individual gas water heaters. Gas and electric are individually metered and the owner provides water, trash and sewer. Tenants are responsible for paying for their own cable TV and/or internet.. There is a community laundry room with leased equipment that the leasor maintains and a small garden area in front. With all that this property and location has to offer, including job opportunities, it's easy to see why it stays fully occupied and the turnover rate is low. You'll have the peace of mind of knowing that you have a steady income stream. Owning a single family home or duplex as a rental has the disadvantage of having greatly reduced or no income in the event of a unit turnover. With 10 units, you have offsetting income in the event of turnovers, which don't happen frequently. Add to your portfolio or dive into rental income property investments with this terrific 10 unit complex. What a great opportunity!!

1015 N Parton Street

Message successfully sent.

What would you like to know?

Related Properties

We are pleased to present the Pine Apartments consisting of 14 Units (with patios & balconies) in a high demand rental area of Santa Ana. This property is individually metered for Electric (tenants responsibility) and has NO GAS. The roof is approximately 10 years old with ample parking - plenty of carports and street parking available. Property has an on-site laundry room that is owned and has copper plumbing. Majority of the units have been upgraded. NEW IN 2025: Stucco, Paint, Windows, and Landscaping! This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow! Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
#OC25176484

Santa Ana

120 E Pine Street

None Beds

None Baths

7,350 Sq.Ft.

$3,850,000

MLS#: OC25176484

We are pleased to present the Flower Street Apartments, available for the first time in nearly 30 years. This well-maintained asset spans over half an acre and offers a majority of spacious two-bedroom floor plans exceeding 1,000 square feet, with more than half designed as two-story townhomes. The property features both garage and open parking, individual gas and electric meters, and gated entry, providing residents with privacy and comfort. Priced under $250 per square foot, this offering presents investors with significant upside potential, including a projected 60% increase in rental income. Flower Street Apartments represents a compelling investment opportunity with a cap rate exceeding 9% and a 7.86 GRM on market rents.
#PW25163850

Santa Ana

1601 N Flower Street

None Beds

None Baths

15,678 Sq.Ft.

$3,895,000

MLS#: PW25163850

The Chestnut Apartments is a turnkey, 12-unit apartment building located in the heart of Santa Ana. Built in 1983 and just minutes away from the historic Downtown District, this property represents one of the most attractive multifamily investment opportunities in the county. It boasts a compelling 6.2% CAP Rate based on current rental income. Further enhancing the investment potential, buyers have the option to assume the existing financing, which requires only a 30% down payment and features a below-market fixed interest rate that remains in effect through November 2029. This advantageous financing presents a rare opportunity to take advantage of positive leverage, dramatically increasing the cash-on-cash return. The Chestnut Apartments redefines urban living with spacious studio apartment, each generously proportioned to function as complete one-bedroom units. Enhancing the living experience, every unit is equipped with its own washer and dryer, offering tenants the convenience of in-home laundry facilities. Recent extensive interior renovations elevate the property to new heights, featuring luxurious materials, contemporary kitchens, stainless steel appliances, vinyl/plank flooring, upgraded bathrooms, and a range of other enhancements. The exterior of the property has undergone a fresh transformation with new paint and state-of-theart exterior lighting, adding to the overall appeal. Previously, ownership had received full approval for the addition of three Accessory Dwelling Units (ADUs). These ADU's, once constructed, add a projected 29.7% increase in gross income.
#PW25111635

Santa Ana

709 E Chestnut Avenue

None Beds

None Baths

7,032 Sq.Ft.

$3,550,000

MLS#: PW25111635

1419-1423 represents the opportunity to acquire 12 units situated across two adjacent parcels just one block off Main Street in Santa Ana. This well-maintained property is comprised of 100% 2 bed + 1 bath units averaging approximately 750 square feet each. Built in 1953, the buildings boast a total of 8,995 square feet with aggregate lot square footage of 12,502. Each unit is rented with one off-street parking space. Interior plumbing has been updated on both buildings and a water shutoff valve has been installed inside each unit. Both buildings have passed SB 721 balcony inspections. Tenants enjoy living on Sycamore because of it’s convenient proximity to both Main Street and Edinger Avenue. The property is within a 5-minute walk of shops and restaurants including: DG Market, Superior Grocers, Family Nails, Pizza Trio, Jack in the Box, KFC, Tierra Mia Coffee and many more. The units are generating strong cash ?ow with a 5.87% cap rate. With a minor investment in ?xtures and aesthetics a buyer will be able to capture a signi?cant amount of upside.
#PW25107267

Santa Ana

1419 1423 S Sycamore Street

None Beds

None Baths

8,995 Sq.Ft.

$3,350,000

MLS#: PW25107267

This pride-of-ownership offering consists of two well-maintained eight-unit apartment buildings on contiguous parcels. The buildings offer all one-bedroom/one-bath units, on-site laundry, ample surface parking in the rear, and a large fenced courtyard. 1110-1114 South Pacific Avenue is located near the intersection of McFadden Avenue and Bristol Street, within easy walking distance of a major grocery store and dining options, one block from an elementary school, and a half-mile to Mater Dei High School. Current rents offer a new investor 19 percent rental upside, making this a great opportunity for any investor looking to acquire a desirable asset in a strong Orange County rental location.
#PW25076815

Santa Ana

1110 1114 S Pacific Avenue

None Beds

None Baths

8,400 Sq.Ft.

$3,100,000

MLS#: PW25076815

2046 S. Main Street offers a prospective investor the rare opportunity to acquire a mixed-use urban investment in the heart of Santa Ana's South Main District. The property has a strong unit mix with three (3) four-bedroom units and one (1) twobedroom unit upstairs, along with three retail spaces downstairs and ample parking, including a private parking area for tenants in the rear of the building
#OC25046260

Santa Ana

2064 S Main Street

None Beds

None Baths

9,391 Sq.Ft.

$2,699,000

MLS#: OC25046260

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here