Santa Ana, CA 92703 710 W Washington
$2,950,000
5 more
Presented By: Randall Mycorn with R L M Equities; 949-573-5309
Baths • 1
SQFT • 10,400
Garage • 14
Home Details
JUST REDUCED: NEW VACANCY FOR RENT $2100.
The Washington Apartments is a 14-unit apartment community located in the heart of Santa Ana. Built in 1983 and situated just north of the historic Downtown District, the property offers investors a high–cash-flow opportunity with significant upside potential. The property is attractively priced at a strong 5.9% cap rate based on current income, with local market rents supporting an estimated 8.9% pro forma cap rate.
The Washington Apartments features spacious studio units, each exceeding 700 square feet. Residents currently pay RUBS, contributing to efficient, low-expense operations. The property also provides multiple on-site common-area laundry machines for resident convenience, as well as 14 gated garage parking spaces located on the first floor.
Presented By: Randall Mycorn with R L M Equities; 949-573-5309
Interior Features for 710 W Washington
Other Interior Features
Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Total Stories3
Other Rooms
Entry Level1
General for 710 W Washington
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate6.3
CitySanta Ana
Community FeaturesSuburban
CountyOrange
DirectionsSoutheast block fo 17th and Flower.
Electric Expense
Entry Location1
Expected Active Date 2026-01-20
Fuel Expense
Garage Spaces14
Garage Y/NYes
Gross Income26442
Insurance Expense11696
Land Lease Y/NNo
LevelsThree Or More
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet8133
Lot Size UnitsSquare Feet
MLS Area70 - Santa Ana North of First
MaintenanceExpense20000
Net Operating Income189403
New ConstructionNo
Number Of Units Total14
Operating Expense93177
Pool FeaturesNone
PostalCitySANTA ANA
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot49
Taxes$37,964
Trash Expense0
Water Sewer Expense0
Year Built1983
Year Built SourceAssessor
Exterior for 710 W Washington
Building Area Total10400
Lot Features16-20 Units/Acre
Lot Size Acres0.1867
Lot Size Area8133
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters15
Number of Separate Gas Meters15
Number of Separate Water Meters1
Private PoolNo
Total Parking14
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Limor Zamir
Realtor®