Santa Ana, CA 92701,215 E 15th ST
Santa Ana, CA 92701,215 E 15th ST
Santa Ana, CA 92701,215 E 15th ST
Santa Ana, CA 92701,215 E 15th ST
Santa Ana, CA 92701,215 E 15th ST
Santa Ana, CA 92701,215 E 15th ST
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$21,450,000

$21,900,000

2.1%
Est.Price: ?

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Est. payment /mo

0.66 Acres Lot


SOLD DATE : 12/29/2023

Key Details

Sold Price $21,450,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC23172395

Sold Date 12/29/23

HOA Y/N No

Year Built 1984

Lot Size 0.660 Acres

Property Description

Park Tower Luxury Apartments is a 74-unit multifamily investment opportunity located in Santa Ana, CA. With a prime Downtown Santa Ana location, residents of Park Tower Luxury Apartments are at the epicenter of all that Santa Ana has to offer. The property is located within 0.70 miles from the abundance of retail, dining, and entertainment options along East 4th Street. In recent years, Downtown Santa Ana has seen a revitalization which is exemplified by Park Tower Luxury Apartments’ location within a 0.80-mile radius of several major nearby developments. Additionally, the property is just over 1.25 miles from Santa Ana College, the 3rd top employer within the city, per Santa Ana’s 2022 Annual Comprehensive Financial Report. Furthermore, residents enjoy the property’s close proximity to Interstate 5, connecting residents to major employment hubs throughout Orange and Los Angeles Counties. Situated on a 0.66-acre lot, Park Tower Luxury Apartments offers an attractive mix of one and two-bedroom floor plans. The property features highly-desirable amenities including a gated two-story parking garage, a central courtyard, gated pedestrian access, on-site laundry facilities, and private patios or balconies. Currently, select units have undergone significant renovations, including vinyl flooring, shaker-style cabinetry, quartz countertops, and more, all of which have allowed current ownership to achieve a rental premium over non-renovated units. There is a clear and proven opportunity for new ownership to further increase the income stream through the continuation of the in-place renovation plan by upgrading all units to high-end specifications.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Sidewalks

Private Pool No

Building

Lot Description Street Level

Story 4

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 39812516

Energy Description 19299.0

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest • 714-713-9086
Bought with Tyler Leeson • Marcus & Millichap RE Invest
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