About this home

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.

Facts and features

Schools

• Theodore Roosevelt Elementary School

  elementary · K-5 · 0.3 mi

  4

• Willard Intermediate School

  middle · 6-8 · 1.1 mi

  1

• Century High School

  high · 9-12 · 1.3 mi

  4

• Community School of Central Orange

  elementary · K-5 · 0.3 mi

• Edward B. Cole Academy

  elementary · K-5 · 0.1 mi

  3

• Garfield Elementary School

  elementary · K-5 · 0.4 mi

  2

Price history

• Oct 8, 2026 · Listed$2,975,000
• Aug 26, 2020 · Sold$3,100,000
• May 9, 2014 · Listing Removed$1,898,000
• May 9, 2014 · Listing Removed$949,000
• May 6, 2014 · Sold$1,898,000
• Mar 6, 2014 · Listed$1,898,000
• Mar 6, 2014 · Listed$949,000
• Oct 9, 2008 · Listing Removed$1,900,000

Tax history

• 2025$20,438 tax · $1,711,324 assessed
• 2024$19,905 tax · $1,677,769 assessed
• 2023$19,412 tax · $1,612,620 assessed
• 2022$19,207 tax · $1,581,000 assessed
• 2021$18,761 tax · $1,550,000 assessed
• 2020$13,482 tax · $1,063,728 assessed
• 2019$13,228 tax · $1,042,871 assessed
• 2018$12,737 tax · $1,022,423 assessed

Home value

$1,116,000

• Collateral Analytics$1,116,000

Where it is