1236 W 2nd St Unit 1-4 Santa Ana, CA 92703
Pico-Lowell NeighborhoodEstimated payment $7,706/month
Total Views
343
1
Bed
1
Bath
2,400
Sq Ft
$498
Price per Sq Ft
About This Home
We are pleased to present the Second Street Apartments, a well-maintained 4-unit multifamily asset located in the heart of Santa Ana, CA. The property consists of (4) 1-bedroom / 1-bathroom units, each offering functional layouts and desirable amenities for long-term tenants. Features include secure gated entry, on-site surface parking, on-site laundry room and low-maintenance landscaping – making this a turnkey investment for both seasoned and first-time multifamily buyers.
Situated in the established Pico-Lowell neighborhood of Santa Ana, this property benefits from close proximity to major employment hubs, shopping centers, schools, and transportation corridors including the 5 and 55 Freeways. Santa Ana is one of Orange County’s most robust rental markets, fueled by a strong working-class tenant base, limited housing supply, and steady population growth. The city continues to see revitalization efforts, with new developments, infrastructure upgrades, and cultural attractions adding to its long-term investment appeal.
This is a rare opportunity to acquire a stabilized, income-producing asset in a supply-constrained Orange County market – ideal for investors seeking dependable cash flow and long-term appreciation.
Listing Agent
Marcus & Millichap RE Invest Brokerage Email: gbassirpou@marcusmillichap.com License #01365951 Listed on: 08/25/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 6,284 Sq Ft Lot
- No Common Walls
Home Design
- Quadruplex
Interior Spaces
- 2,400 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Legal Lot and Block 18 / A
- Tax Tract Number 130
- Assessor Parcel Number 00813105
- $1,072 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,214
- Trash Expense $3,730
- Water Sewer Expense $3,730
- Operating Expense $28,644
- Gross Income $87,600
- Net Operating Income $57,204
Additional Features
- 4 Units
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | For Sale | $1,195,000 | -- | $498 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Santa Ana, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25191369
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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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