Community

$1,790,000

Santa Ana, CA 92701

802 Spurgeon

Santa Ana, CA 92701

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View Property An excellent opportunity to acquire an 8-unit multifamily building in Santa Ana. Located at 802 N Spurgeon St, this multifamily asset was built in 1937. It offers four 2 bed, 1 bath units, two units with 1 bedroom and dining room, and two studios. Residents of the property enjoy use of an off-street parking lot, as well as three garages for additional storage. The buildings boast a total of 5,042 gross rentable square feet on a good sized 9,288 square foot corner lot. Santa Ana has seen a steady increase in demand for apartment units as rental prices are still relatively low compared to other neighborhoods in Orange County. While rents remain reasonable in some neighborhoods, other areas such as the Downtown and Lacy neighborhoods have A-quality developments that have already been completed. Recent development projects such as The 301 Development at City Place, The Madison and The Depot @ Santiago have attracted additional buzz. Santa Ana offers an astonishing variety of activities including dining & shopping options in the Downtown District, concerts at the Observatory and nightlife at Velvet Lounge and Mission Bar. Residents of 802 N Spurgeon St enjoy the property for a combination of reasons including accessibility to quick transportation, quality schools and universities, nearby parks and golf courses and of course the Disney Land/California Adventure theme parks only a few exits down the freeway. The property is only two blocks away from Downtown Santa Ana with an abundance of shops, bars and restaurants to choose from. It is walking distance to 7-Eleven, Burger King, Jack in the Box, Starbucks, McFadden Public Market and Wells Fargo Bank. Sports fans will find the location particularly appealing due to its convenient location, which is about fifteen minutes by car to The Honda Center and Angel Stadium. Transportation is especially easy because the neighborhood is bordered by the 5 freeway. With the neighborhood being located between a number of universities such as UC Irvine and Cal State Fullerton a high concentration of students tend to reside here. For the right investor, this multi-family asset will represent a great opportunity to generate years of steady cash flow and a higher-than-average ROI. With a minor investment in fixtures and aesthetics a significant increase in rental income will be achievable.

$650,000

Oakland, CA 94606

2628 22nd Ave

Oakland, CA 94606

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$1,439,000

Pasadena, CA 91104

1932 Washington

Pasadena, CA 91104

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$14,000,000

Los Angeles, CA 90011

1432 25th

Los Angeles, CA 90011

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$1,285,000

Ventura, CA 93004

615 Boston

Ventura, CA 93004

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$1,250,000

Northridge, CA 91325

8807 Canby Ave

Northridge, CA 91325

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View Property Located in the highly desirable community of Northridge, 8807 Canby Ave presents a well-maintained pride-of-ownership multifamily asset in one of the San Fernando Valley’s most consistent rental markets. The property offers a strong combination of stability and upside, supported by long-term ownership, quality upkeep, and a highly attractive location within close proximity to major employment, education, and retail hubs. The building features a desirable unit mix of four 2-Bedroom/1-Bath units and one spacious 3-Bedroom/2-Bath unit, appealing to a broad tenant base including students, families, and professionals. The property was legally converted to five units in 1993 (Certificate of Occupancy issued 01/26/1993), providing added confidence in its configuration and compliance. Each unit is equipped with central A/C, enhancing tenant comfort and overall rental appeal, while being individually metered for gas and electric, helping to reduce owner expenses and improve operational efficiency. Recent capital improvements include a new roof and new water heaters, minimizing near-term maintenance costs for a new owner. The property also offers ample on-site parking and on-site laundry facilities, both highly desirable amenities that contribute to tenant retention. With long-term tenants currently in place, the asset provides immediate income stability with potential for future rental upside. Strategically located within walking distance to California State University, Northridge, the property benefits from a steady demand driven by one of the region’s largest universities. Residents also enjoy convenient access to the Northridge Fashion Center, as well as nearby grocery stores, dining, and everyday retail amenities. The property offers excellent connectivity with quick access to the California State Route 118, U.S. Route 101, and Interstate 405, allowing for convenient travel throughout the San Fernando Valley and greater Los Angeles. Additional transportation options include the nearby Northridge Metrolink Station, while Van Nuys Airport is just a short drive away. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

$3,350,000

Los Angeles, CA 90038

5516 Virginia

Los Angeles, CA 90038

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$4,750,000

Culver City, CA 90230

11178 Culver

Culver City, CA 90230

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BEDROOMS

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View Property 11178 Culver Blvd. presents the opportunity to acquire a 22-unit courtyard-style multifamily property in a central Culver City location, just off the intersection of Sepulveda Blvd. and Culver Blvd. The location is one of the property's strongest attributes. Along Washington Blvd. and Sepulveda Blvd., residents have access to an established mix of cafes, quick-service dining, neighborhood restaurants, fitness studios, and service-oriented retail that support day-to-day convenience. Downtown Culver City, located approx. 1.7 miles away, remains one of the Westside's most active commercial and entertainment hubs, while Marina del Rey, approx. 2.6 miles to the west, continues to see additional mixed-use development and newer retail concepts that reinforce the broader area's tenant appeal. The surrounding employment base further supports long-term rental demand. Culver City continues to benefit from its concentration of media, entertainment, and technology employers, including nearby operations tied to Sony Pictures, Amazon MGM Studios, Apple, and a broader network of production, post-production, and creative office users throughout Culver City and the surrounding Westside. Offered at $4,750,000, the property is priced at $215,909 per unit and operates at a 6.05% CAP and 10.51 GRM on current rents. Based on projected market rents for renovated units in the area, the property offers approximately 13% rental upside and is expected to stabilize at a 7.25% CAP and 9.30 GRM. Additional amenities include controlled access, covered parking spaces in the rear with alley access, and a RUBS utility reimbursement program that contributes supplemental income. Taken together, the building's layout, amenities, and operational setup support a manageable ownership profile without unnecessary complexity. With strong in-place financials, a well-located Westside setting, and a building layout that continues to appeal to renters seeking convenience and access, 11178 Culver Blvd. offers investors a central Culver City asset with stable income and clear upside.

$1,595,000

Anaheim, CA 92801

2166 Alameda

Anaheim, CA 92801

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$699,999

Los Angeles, CA 90011

750 48th

Los Angeles, CA 90011

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$879,000

Fountain Valley, CA 92708

17200 Newhope

Fountain Valley, CA 92708

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$2,799,000

Newport Beach, CA 92663

203 Cedar

Newport Beach, CA 92663

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$2,550,000

Reseda, CA 91335

19453 Strathern

Reseda, CA 91335

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$510,000

Merced, CA 95348

642 Yosemite

Merced, CA 95348

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$2,795,000

Inglewood, CA 90301

310 Eucalyptus

Inglewood, CA 90301

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$1,350,000

Fullerton, CA 92833

1619 Picadilly

Fullerton, CA 92833

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$2,075,000

Santa Monica, CA 90405

2302 32nd

Santa Monica, CA 90405

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$1,675,000

Los Angeles, CA 90042

6157 Mesa

Los Angeles, CA 90042

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$3,575,000

Los Angeles, CA 90043

3321 74th

Los Angeles, CA 90043

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$549,800

San Jacinto, CA 92583

185 Scovell

San Jacinto, CA 92583

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Edwards Homes Team

Realtors DRE #01069397

5825 Avenida Encinas, Suite 101 Carlsbad 92008
quinn@edwardshometeam.com

Let us help you!

DRE #01069397
5825 Avenida Encinas, Suite 101 Carlsbad 92008
quinn@edwardshometeam.com

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