Description

Southtown at Main is a mixed-use investment property consisting of 44 multifamily units and 4 retail suites located at 2140 South Main Street, Santa Ana, CA. Built in 1988, Southtown at Main offers a fantastic unit mix consisting of spacious studio, one-bedroom, and two-bedroom floor plans, which allow the property to appeal to a wider renter base. The property provides a wide range of amenities including controlled access with keypad entry, gated subterranean parking, an on-site manager's office, a business center, a fitness center, an elevator, and on-site laundry facilities. Since 2015, current ownership has invested nearly one-million dollars towards improving 30 of the 44 residential units, as well as the property's amenities and exterior (contact Listing Agent for more details). A continued renovation plan to complete the remaining units will help a future investor achieve market-level rents across all unit types. Southtown at Main has an ideal Santa Ana location, positioned equidistant from Downtown Santa Ana to the north and the South Coast Metro to the south. The property is also situated within a two and a half mile radius of nearby primary transportation arteries, such as State Routes 55 and 73 and Interstates 5 and 405, providing residents with easy access to major employment centers throughout Orange County. In the unit mix, the last four studios are the four retail suites.