Sycamore Apartments

Santa Ana is downtown for the world famous Orange County, California. It is the County Seat, the second-most populous city in Orange County with a population of over 310,000. Over 1,400 City employees work hard every day to deliver efficient public services in partnership with our community to ensure public safety, a prosperous economic environment, opportunities for our youth, and a high quality of life for residents. The City of Santa Ana is a 27-square mile, ethnically diverse city located 35 miles south of Los Angeles and roughly ten miles inland from the Pacific Ocean. The City comprises more than 60 distinct neighborhoods. The Santa Ana Unified School District is the local school district that serves the majority of our community. Santa Ana's centralized location places the City less than 30 minutes from most Southern California destinations, including four airports. Its density and transportation infrastructure enable residents and employees to embrace a sustainable lifestyle by commuting to work via bus, train, bicycle, or on foot. This convenience attracts a diverse population that appreciates Santa Ana's distinctive housing choices, energetic nightlife, and cultural amenities like the Artist’s Village, Discovery Cube Orange County, Heritage Museum of Orange County, the Santa Ana Zoo at Prentice Park, and more. Santa Ana has a large and diverse business base, with over 30,000 businesses who employ over 150,000 people. Santa Ana is the corporate headquarters of several large companies, including Behr Paint and First American Financial Corporation.Kirklen Investment Group is pleased to present 1402-1410 N Sycamore Street, a five-unit multifamily property in central Santa Ana. Offered for the first time in more than 30 years, the property gives investors a rare opportunity to acquire a stable, income-producing asset in one of Orange County’s highest-demand rental markets. The property consists of two detached buildings on a 9,044 SF lot, with three one-bedroom units, one two-bedroom unit, and one three-bedroom unit. This diverse mix appeals to a broad tenant base, from individuals to families, supporting consistent occupancy and lower turnover risk. Residents benefit from ample on-site parking, including four garage spaces, two carport spaces, and two open spaces, an amenity rarely found in central Santa Ana. The property is fully occupied and generates $138,000 in annual gross rental income. Tenants pay their own gas and electric, keeping owner utility expenses low. The property sits minutes from Downtown Santa Ana, the 4th Street Market, and the I-5 freeway, providing residents convenient access to employment, dining, and entertainment throughout Orange County. The surrounding area continues to attract significant investment, with several major residential and mixed-use developments planned nearby. For investors seeking durable cash flow in a supply-constrained submarket, 1402-1410 N Sycamore Street offers a well-located asset with long-term upside.