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409 E Pine Street
69 - Santa Ana South of First Santa Ana 92701

$2,975,000
Residential Income built: 1983

Main Photo: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Photo 1: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Photo 2: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Photo 3: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Photo 4: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Photo 5: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Photo 6: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Photo 7: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Photo 8: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Photo 9: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Photo 10: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Photo 11: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
PW26219394
Year Built:
1983
409-415 E. Pine Street is a 12-unit multifamily property located in Santa Ana, CA, offering investors an opportunity to acquire a well-located Orange County asset. Built in 1983, the property consists of two contiguous parcels totaling 8,628 square feet of rentable area situated on a 14,000 square foot lot. The community features a desirable unit mix of four 1BR/1BA units and eight 2BR/1BA units, along with amenities including on-site laundry, gated entry, individual water heaters, and patios/balconies in select units. Recent capital improvements include roof restoration, HVAC replacements, water heater replacement, and interior updates to select units. The property is offered at a 6% CAP Rate on current income with 25% rental upside, providing investors with additional growth potential through continued upgrades, turnover, and rent increases.
Home Style:
Traditional
Property Sub Type:
Apartment
Property Attached:
Yes
Lot Area:
14,000 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Year built:
1983 (Age: 43)
General Listing Location:
Santa Ana, 69 - Santa Ana South of First
County Or Parish:
Orange
Tenant Pays:
Electricity, Gas
Common Interest:
None
Gross Income:
$270,818
Gross Scheduled Income:
$270,818
Net Operating Income:
$177,847
Cap Rate %:
6.0
Rent Control:
Yes
Association Fee:
$0
Land Lease:
No
Electric Expense:
$793
Fuel Expense:
$793
Gardener expense:
1200.0
Insurance Expense:
$10,785
Licenses expense:
1950.0
Maintenance Expense:
$10,508
Taxes expense:
33305.0
Operating Expense:
$84,846
Pest control expense:
$990
Professional Management Expense:
$0
Trash Expense:
$13,545
Water and Sewer Expense:
$6,682
Vacancy Allowance:
$8,125
Vacancy Allowance Rate:
$3
Taxes:
$33,305 / 2026
Tax Lot:
9
Tax Block:
E
South of First Street and east of Main Street.
Floor
Type
Size
Other
-
Kitchen
Measurements not available
-
View:
None
Appliances:
Electric Range, Gas Range, Water Heater
Accessibility Features:
Parking
Number of Buildings:
2
# of Electric Meters:
12
# of Gas Meters:
12
# of Water Meters:
2
Community Features:
Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
Senior Community:
No
Interior Features:
Balcony
Laundry Features:
Common Area, Laundry Room
Window Features:
Blinds
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
36-40 Units/Acre, Landscaped, Rectangular Lot
Fireplace Features:
None
Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision Name:
Henninger Park/Eastside
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
1
Construction Materials:
Frame, Stucco, Wood Siding
New Constr.:
No
Foundation:
Slab
Roof:
Composition, Flat, Spanish Tile
Common Walls:
2+ Common Walls
# Units:
12
Heating:
Wall Furnace
Fireplace:
No
Cooling:
Wall/Window Unit(s)
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Electricity:
Standard
Fencing:
Chain Link, Fair Condition
Water supply:
Public
Sewer:
Public Sewer
Spa:
No
Road Frontage Type:
Alley, City Street
Road Surface Type:
Alley Paved, Paved
Garage Spaces:
0
Uncovered Spaces:
0
Carport Spaces:
12
Total Parking Spaces:
12
Parking Features:
Assigned, Concrete, Carport, Community Structure
Special Listing Conditions:
Standard
Parcel Number:
40408609
Additional Parcels:
40408610
  • Photo 1: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
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  • Photo 2: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
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  • Photo 3: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
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  • Photo 4: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
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  • Photo 8: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
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  • Photo 9: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
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  • Photo 11: 409 E Pine Street in Santa Ana: Residential Income for sale (69 - Santa Ana South of First)  : MLS®# PW26219394
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Listed by Morgan Skenderian
Data was last updated October 9, 2026 at 02:40 PM (UTC)