$3,850,000

120 E Pine St Santa Ana, CA 92701

Pacific Park Neighborhood

Estimated payment $24,022/month

Total Views 10,313
1 Bed
2 Baths
7,350 Sq Ft
$524 Price per Sq Ft

Highlights

  • 0.3 Acre Lot
  • No HOA
  • Laundry Room

About This Home

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.

Listing Agent

Ruben Khorsandi

Alliance Investment RE Group Brokerage Phone: 949-683-6662 License #01085411 Listed on: 08/05/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.3 Acre Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 7,350 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 25 Parking Spaces
  • 15 Carport Spaces

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 10 / E
  • Tax Tract Number 134
  • Assessor Parcel Number 40409610
  • $3,715 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • Rent Control
  • 14 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $2,800
  • Gardener Expense $1,680
  • Insurance Expense $3,800
  • Operating Expense $8,280
  • Gross Income $317,844
  • Net Operating Income $231,747

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • CapRate: 6.02
  • Property Attached: Yes
  • Zoning: R3
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 40409610
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 523.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 15.00
  • Total Parking Spaces: 25.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 13068.00
  • Lot Size Acres: 0.3000

Multi Family

  • Electric Expense: 2800.00
  • Gross Income: 317844.00
  • Gross Multiplier: 12.40
  • Gross Scheduled Income: 317844.00
  • Insurance Expense: 3800.00
  • Laundry Income: 6000.00
  • Lot Size Area: 13068.0000 Square Feet
  • Net Operating Income: 231747.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 86097.00
  • Other Income1: 7500.00
  • Other Income Description: RUBS income
  • Rent Control: Yes
  • Total Actual Rent: 25362.00
  • Total Expenses: 8280.00

Tax Info

  • Tax Block: E
  • Tax Census Tract: 746.01
  • Tax Lot: 10
  • Tax Tract Number: 134
  • TaxOtherAnnualAssessmentAmount: 3715.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2025 08/05/25 For Sale $3,850,000 -- $524 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25176484

California Regional Multiple Listing Service (CRMLS)

APN: 404-096-10

California Orange County Santa Ana 92701 Pacific Park

120 E Pine St, Santa Ana, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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. 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

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Ruben Khorsandi
Listing Agent
Ruben Khorsandi
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Alliance Investment RE Group
(657) 888-0647