Imperial Apartments

1722 North Bush Street, Santa Ana, CA 92706

  • For Sale $15,000,000
  • Property Type Multi-Family
  • Property Size 40,278 SF
  • Units 53
  • Lot Size 0.47 Acre
  • Year Built 1985
  • Date Updated Jan 23, 2025
N/AThe Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Imperial Apartments, a 51+2 unit multifamily investment property located at 1722 North Bush Street, Santa Ana, CA. Built in 1985, Imperial Apartments features three floors of residential units situated above a spacious subterranean parking garage offering 65 parking spaces. The property’s attractive mix of studio, one-bedroom, and two-bedroom floor plans helps to attract a diverse renter pool. Additionally, residents enjoy amenities including controlled access, recently renovated large common area patios, on-site laundry facilities (two washers and two dryers per floor), and an elevator (see Offering Memorandum). Furthermore, all units have been renovated to high standards, allowing current ownership to achieve substantial rental premiums (see Offering Memorandum). Imperial Apartments benefits from its excellent north Santa Ana location just north of Downtown Santa Ana and its bustling 4th Street, providing residents with convenient access to a plethora of retail, dining, and entertainment options. The property is just over 1 mile from Santa Ana College, the 3rd top employer within the city per Santa Ana’s 2023 Annual Comprehensive Financial Report. Furthermore, Imperial Apartments is located within a 1.25-mile radius of all levels of schooling, including Sierra Preparatory Academy and Santa Ana High School. Residents enjoy the property's close proximity to Interstate 5, connecting residents to employment hubs throughout Southern California. Given the property’s high-quality unit finishes and close proximity to Santa Ana’s most popular destinations, Imperial Apartments is well suited to provide investors with strong returns over the long-term investment horizon. Please Contact Agents For Offering Memorandum
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Highlights

  • Diverse Mix of Studio, One, & Two-Bedroom Floor Plans
  • Two Units are Non-Conforming Studio Floor Plans & Could Potentially be Converted into Accessory Dwelling Units (ADUs)
  • Controlled Access Leading to Three Spacious Outdoor Patios & a Multi-Story Parking Garage
  • Recently Renovated Units Feature Fresh Paint, Vinyl & Tile Flooring, Granite Countertops, Custom Cabinetry, Appliances, & More
  • All Fourth Floor Units Feature Skylights
  • Multiple On-Site Laundry Facilities, Each with Two Washers & Two Dryers, Provide an Additional Revenue Stream
  • Situated Just to the North of Downtown Santa Ana

Contacts

broker
Tyler Leeson

The Leeson Group Marcus & Millichap

Location

Getting Around

  • Walk Score ®

    87/100 Very Walkable

  • Transit Score ®

    49/100 Some Transit

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Santa Ana, CA
  • Neighborhood Floral Park - Santa Ana Triangle
  • Zip Code 92706
  • Market Orange County

Points of Interest

  • Orange

    2.01 miles

  • Anaheim Regional Transportation Intermodal Center

    3.04 miles

  • Sunset Boulevard Stop

    4.33 miles

  • Hollywood East Stop

    4.36 miles

  • Carthay Circle Stop

    4.42 miles

  • Buena Vista Street Stop

    4.46 miles

  • Main Street Station

    4.53 miles

  • Tomorrowland Station

    4.55 miles

  • The Hub

    4.65 miles

  • New Orleans Square Station

    4.71 miles

  • Chevron

    0.19 miles

  • Tesla Supercharger

    1.08 miles

  • Shell

    1.31 miles

  • 7-Eleven

    1.97 miles

  • Ralphs

    2.00 miles

  • ChargePoint

    2.01 miles

  • ezy gas

    2.06 miles

  • US Gas

    2.08 miles

  • 76

    2.18 miles

  • EVgo

    3.11 miles

  • Discovery Science Center Parking Lot

    0.78 miles

  • parking structure

    0.79 miles

  • SP+

    0.85 miles

  • 1100 Town & Country Parking

    1.02 miles

  • 5

    1.08 miles

  • 6

    1.14 miles

  • 7

    1.14 miles

  • 4

    1.15 miles

  • 3

    1.20 miles

  • Santa Ana Travel Inn

    0.13 miles

  • Golden West Lodge

    0.39 miles

  • Red Roof Inn Santa Ana

    0.76 miles

  • Civic Center Inn

    1.19 miles

  • El Cortez Lodge

    1.46 miles

  • Motel 6 Santa Ana, CA

    1.60 miles

  • Holiday Inn Express

    1.60 miles

  • Days Inn by Wyndham Orange Anaheim

    1.64 miles

  • Best Western Meridian

    1.74 miles

  • Best Western Orange Plaza

    1.84 miles

  • Tangata At The Bowers Museum

    0.19 miles

  • McDonald's

    0.59 miles

  • Burger King

    0.69 miles

  • Subway

    0.70 miles

  • Jack in the Box

    0.75 miles

  • Polly's Pies Restaurant

    0.78 miles

  • McFadden Public Market

    0.80 miles

  • Mongiello's Pizza and Wings

    0.80 miles

  • Tacompadre Tacos Chingones

    0.81 miles

  • Munchies Vegan Diner

    0.82 miles

  • Herbert Hoover Elementary School

    0.40 miles

  • Frances E Willard Intermediate School

    0.48 miles

  • Orange County High School of the Arts

    0.51 miles

  • Orange County School of the Arts

    0.51 miles

  • California Coast University

    0.66 miles

  • Saint Josephs School

    0.69 miles

  • James A Garfield School

    0.91 miles

  • Trinity Law and Graduate School

    0.91 miles

  • Sierra Intermediate School

    0.93 miles

  • Woodrow Wilson Elementary School

    0.94 miles

  • Kiddie Academy

    0.94 miles

  • Kinderland Academy

    1.12 miles

  • Boys & Girls Club of Tustin

    2.59 miles

  • Tustin Community Preschool

    2.67 miles

  • The Leaning Spot

    2.98 miles

  • Our Saviours Childrens Center

    3.06 miles

  • Adventures in Learning

    3.08 miles

  • Edgewood Academy

    3.22 miles

  • Happy Hippo Preschool

    4.33 miles

  • KinderCare

    4.88 miles

Frequently Asked Questions

How much does Imperial Apartments cost?

The space currently listed for sale at Imperial Apartments asks for $15,000,000.

What is the total square footage of Imperial Apartments?

Imperial Apartments totals 40,278 square feet.

When was this property built?

Imperial Apartments was built in 1985.

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Contact Listing Broker
broker
Tyler Leeson

The Leeson Group Marcus & Millichap

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