Property Detail

809 Townsend

Santa Ana CA 92704

$2,200,000

Status: Active

Property Details

Description

809 S. Townsend Street is a 10-unit, 1961-vintage multifamily asset in Santa Ana totaling 6,840 SF of net rentable area on a 12,240 SF lot. The property is 100% occupied with a mix of six 1BR/1BA and four 2BR/1BA units, each with a private garage plus on-site laundry and ample street parking. Current ownership has recently completed several capital improvement projects including SB 721 compliance, deck repairs, new railings, new windows, and a new water heater, improving curb appeal and helping to minimize near-term capital expenditures. Current rent levels project to have 57% upside, with an 8.5% pro forma cap rate on market rents. Long-term ownership and a motivated seller create a clear value-add path for investors seeking stable in-place income with substantial rental upside in a high-demand Orange County submarket.

Map Location

Listing provided courtesy of Rick Applebaum of Morgan Skenderian. Last updated 2026-10-17 08:12:32.000000. Listing information © 2026 CRMLS.

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The Lineup

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