Civic Center 4-Plex

Santa Ana is located 30 miles southeast of Los Angles in the heart of Orange County. The city is the financial and governmental center of Orange County and a major city in the state. With a population of 351,697, Santa Ana is Orange County's largest city. It's central location and easy access to freeways makes it a great spot from which to see Southern California attractions, such as, Disneyland, Knott's Berry Farm, South Coast Plaza and some of the finest beaches in all of California. Santa Ana has a Median Household Income of $43,412, making it a prime location for rental units. The city is home to nearly 30 elementary schools, 7 junior highs, 6 high schools and minutes from 12 community colleges & universities. The city of Santa Ana's strong economy is due to its designation as an "Enterprise Zone" which offers tax breaks and other incentives to attract & retain business. Santa Ana's largest private employers include First American Title, The Orange County Register, Western Medical Center, Ingram Micro and Diversified Maintenance Service.Morgan Skenderian is pleased to present a rare seller financing opportunity in Santa Ana. 1610 W. Civic Center Drive offers a meticulously maintained 1980s apartment building comprised of (4) two-bedroom/one-bath units. Each unit features updated kitchens, bathrooms, washer/dryer hookups, individual water heaters, and a private patio or balcony. Boasting (4) carport spaces and (8) open parking spaces, the property provides a coveted 3:1 parking ratio, a rarity for apartments. Spanning ±3,797 SF, the mostly stucco structure has recently undergone wood siding replacement. Surrounded by single-family homes and smaller apartment buildings, the neighborhood offers a tranquil setting. The seller is open to negotiating financing terms for up to 10 years, presenting an enticing investment opportunity.