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JUST REDUCED: NEW VACANCY FOR RENT $2100. The Washington Apartments is a 14-unit apartment community located in the heart of Santa Ana. Built in 1983 and situated just north of the historic Downtown District, the property offers investors a high-cash-flow opportunity with significant upside potential. The property is attractively priced at a strong 5.9% cap rate based on current income, with local market rents supporting an estimated 8.9% pro forma cap rate. The Washington Apartments features spacious studio units, each exceeding 700 square feet. Residents currently pay RUBS, contributing to efficient, low-expense operations. The property also provides multiple on-site common-area laundry machines for resident convenience, as well as 14 gated garage parking spaces located on the first floor.
| DAYS ON MARKET | 64 | LAST UPDATED | 3/6/2026 |
|---|---|---|---|
| YEAR BUILT | 1983 | COMMUNITY | 70 - Santa Ana North of First |
| GARAGE SPACES | 14.0 | COUNTY | Orange |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Mar 6, '26 | $3,100,000 |
|---|---|
| Mar 6, '26 - Today | $2,950,000 |
| ADDITIONAL DETAILS | |
| AREA | 70 - Santa Ana North of First |
|---|---|
| GARAGE | Yes |
| LOT | 8133 sq ft |
| LOT DIMENSIONS | 8133 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3+ |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/17/26 12:03 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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