About 409 E Pine Street
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.
Features of 409 E Pine Street
| MLS® # | PW26219394 |
|---|---|
| Price | $2,975,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Lot Size | 14,000 |
| Year Built | 1983 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Style | Traditional |
| Status | Active |
| # Of Units | 12 |
Community Information
| Address | 409 E Pine Street |
|---|---|
| Area | 69 - Santa Ana South of First |
| Subdivision | Henninger Park/Eastside |
| City | Santa Ana |
| County | Orange |
| Zip Code | 92701 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 12 |
| Parking | Assigned, Concrete, Carport, Community Structure |
| Garages | Assigned, Concrete, Carport, Community Structure |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | Balcony |
|---|---|
| Appliances | Electric Range, Gas Range, Water Heater |
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Frame, Stucco, Wood Siding |
|---|---|
| Lot Description | Landscaped, Rectangular Lot, ThirtySixToFortyUnitsAcre |
| Windows | Blinds |
| Roof | Composition, Spanish Tile, Flat |
| Construction | Frame, Stucco, Wood Siding |
| Foundation | Slab |
Additional Information
| Date Listed | October 7th, 2026 |
|---|---|
| Days on Market | 4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Garrett Blair |
|---|---|
| Office | Morgan Skenderian |