$3,700,000
SOLD JUN 11, 2026
1 Bed
2 Baths
7,350 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: June 11, 2026

$503 Per Sq Ft

4% Below List Price

304 Days on Market

Highlights

  • 0.3 Acre Lot
  • No HOA
  • Laundry Facilities

About This Home

As of June 2026

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.

Last Agent to Sell the Property

Ruben Khorsandi

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

Last Buyer's Agent

Alexander Duarte

First Team Real Estate License #01970077

First Team Real Estate
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 13,068 Sq Ft 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

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

0.3 Acres

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: 503.40

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: Gutters, Curbs, Street Lights, Sidewalks

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2025
Closed on
Jun 5, 2026
Sold by
Bought by
Seller's Agent
Ruben Khorsandi
Alliance Investment RE Group
Buyer's Agent
Alexander Duarte
First Team Real Estate
List Price
$3,850,000
Sold Price
$3,700,000
Premium/Discount to List
-$150,000
-3.9%
Views
30

Purchase Details

Listed on
Aug 5, 2025
Closed on
May 28, 2026
Sold by
Bought by
Seller's Agent
Ruben Khorsandi
Alliance Investment RE Group
Buyer's Agent
Alexander Duarte
First Team Real Estate
List Price
$3,850,000
Sold Price
$3,700,000
Premium/Discount to List
-$150,000
-3.9%
Views
30

Purchase Details

Closed on
Mar 18, 2017
Sold by
Bought by

Purchase Details

Closed on
May 23, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 17, 2004
Sold by
Bought by

Purchase Details

Closed on
Feb 5, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$594,500
Interest Rate
5.76%
Mortgage Type
Commercial

Purchase Details

Closed on
May 4, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 1996
Sold by
Bought by

Purchase Details

Closed on
Mar 24, 1995
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Pacific Park, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed -- Wfg National Title Company
Grant Deed -- Wfg National Title Company
Grant Deed $3,700,000 Wfg National Title Company
Interfamily Deed Transfer -- None Available
Grant Deed -- United Title Company
Interfamily Deed Transfer -- --
Grant Deed -- --
Grant Deed -- --
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed -- North American Title Co
Corporate Deed $415,000 Investors Title Company
Trustee Deed $363,152 Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $1,030,000 Commercial
Previous Owner $1,106,250 Future Advance Clause Open End Mortgage
Previous Owner $1,050,000 Commercial
Previous Owner $594,500 Commercial
Previous Owner $50,000 Commercial
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/11/2026 06/11/26 Sold $3,700,000 -3.8% $503 / Sq Ft
06/05/2026 06/05/26 Pending -- -- --
03/24/2026 03/24/26 Price Changed $3,848,000 -0.1% $524 / Sq Ft
08/05/2025 08/05/25 For Sale $3,850,000 -- $524 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $11,575 $704,370 $219,037 $485,333
2025 $11,575 $690,559 $214,742 $475,817
2024 $11,249 $677,019 $210,531 $466,488
2023 $10,939 $663,745 $206,403 $457,342
2022 $10,765 $650,731 $202,356 $448,375
2021 $10,545 $637,972 $198,388 $439,584
2020 $10,528 $631,431 $196,354 $435,077
2019 $10,377 $619,050 $192,503 $426,547
2018 $10,055 $606,912 $188,728 $418,184
2017 $9,957 $595,012 $185,027 $409,985
2016 $9,782 $583,346 $181,399 $401,947
2015 $9,649 $574,584 $178,674 $395,910
2014 $9,474 $563,329 $175,174 $388,155
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25176484

California Regional Multiple Listing Service (CRMLS)

APN: 404-096-10

Your Personal Tour Guide

Ask me questions while you tour the home.