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120 E Pine Street

Santa Ana, CA 92701
  • $3,850,000
  • STATUS: Active
  • ON SITE: 212 Days
  • ID#: OC25176484
UPDATED: 56 min ago
$3,850,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Ratings & Info

Listing Agent(s): Ruben Khorsandi of Alliance Investment RE Group (949-250-0400)


Description

We are pleased to present the Pine Apartments consisting of 14 Units (with patios & balconies) in a high demand rental area of Santa Ana. This property is individually metered for Electric (tenants responsibility) and has NO GAS. The roof is approximately 10 years old with ample parking - plenty of carports and street parking available. Property has an on-site laundry room that is owned and has copper plumbing. Majority of the units have been upgraded. NEW IN 2025: Stucco, Paint, Windows, and Landscaping! This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow! Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-06T18:29:54.973. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/166627896
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120 E Pine Street Santa Ana, CA 92701

  • Price: $3,850,000
  • Status: Active
  • On Site: 212 Days
  • Updated: 56 min ago
  • ID#: OC25176484
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1971
Built
Neighborhood:
Other
County:
Orange
Area:
69 - Santa Ana South of First
Property Description
We are pleased to present the Pine Apartments consisting of 14 Units (with patios & balconies) in a high demand rental area of Santa Ana. This property is individually metered for Electric (tenants responsibility) and has NO GAS. The roof is approximately 10 years old with ample parking - plenty of carports and street parking available. Property has an on-site laundry room that is owned and has copper plumbing. Majority of the units have been upgraded. NEW IN 2025: Stucco, Paint, Windows, and Landscaping! This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow! Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Exterior Features

Carport Spaces 15 Carport YN Yes Entry Level 1 Entry Location 1 Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 14 Open Parking Spaces 10 Parking Total 25 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.02 Common Interest None Community Features CurbsGutter(s)Street LightsSidewalks Electric Expense 2800 Fuel Expense 0 Garage YN No Gross Income 317844 Gross Scheduled Income 317844 Insurance Expense 3800 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 231747 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 14 Operating Expense 86097 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 25362 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-06T18:29:54.973. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Ruben Khorsandi of Alliance Investment RE Group (949-250-0400)