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$2,975,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 hours ago
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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.

Full Property Details for 409 E Pine St

General

  • Price: $2,975,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW26219394
  • Updated: 10/9/2026
  • Days on Market: 1 days
  • Added to Site: 2 day(s) ago

Interior

  • Rooms/Areas: Kitchen
  • Interior Features: Balcony
  • Fireplace(s): None
  • Appliances: Water Heater, Gas & Electric Range

Rooms

Other Rooms

  • Laundry: Individual Room, Common Area

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Parking Features: Concrete, Assigned, Community Structure, Carport
  • Parking: Concrete, Assigned, Community Structure, Carport

Location

  • Area: 69 - Santa Ana South of First
  • County: Orange
  • Development Name: 69 - Santa Ana South of First
  • Driving Directions: South of First Street and east of Main Street.

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 2
  • # Gas Meters: 12
  • # Electric Meters: 12

Structural Information

  • Architectural Style: Traditional
  • Foundation: Slab
  • Roof: Spanish Tile, Composition, Flat
  • Windows: Blinds
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 8,628
  • Year Built: 1983

Unit Information

Unit 1

  • Number of Units: 4
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 8
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.3214
  • Lot Size (Sq. Ft.): 14,000
  • Lot Size Source: Assessor
  • Lot Description: Landscaped, Rectangular Lot, 36-40 Units/Acre, Lot 10000-19999 Sqft

Financial Considerations

  • Price Per Sq. Ft.: $344.81
  • Price Per Unit: 247917

Listed by Morgan Skenderian, Garrett Blair and Morgan Skenderian, Rick Applebaum

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Listing agents

— 409 E Pine St —

  • Garrett Blair

    Morgan Skenderian

  • Rick Applebaum

    Morgan Skenderian

949-300-5610

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 409 E Pine St

School District:Santa Ana Unified School District
NameGradesDistance
Theodore Roosevelt Elementary School, Santa Ana, CA
501 South Halladay Street, Santa Ana, CA 92701
K-50.3 mi
Willard Intermediate School
1342 North Ross Street, Santa Ana, CA 92706
6-81.1 mi
Century High School
1401 South Grand Avenue, Santa Ana, CA 92705
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 409 E Pine St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/08/2026
Listed
$2,975,000
-4.03%
MLS
8/19/2020
Sold
$3,100,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 409 E Pine St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,438
—
$1,711,324
2%
2025
$20,438
3%
$1,677,769
2%
2024
$19,905
3%
$1,644,872
2%
2023
$19,412
1%
$1,612,620
2%
2022
$19,208
2%
$1,581,000
2%
2021
$18,761
39%
$1,550,000
46%
2020
$13,482
2%
$1,063,728
2%
2019
$13,229
4%
$1,042,871
2%
2018
$12,737
1%
$1,022,423
2%
2017
$12,629
2%
$1,002,376
2%
2016
$12,383
1%
$982,722
2%
2015
$12,226
10%
$967,961
11%
2014
$11,153
2%
$872,331
—
2013
$10,967
—
$868,389
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 409 E Pine St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Morgan Skenderian, Garrett Blair and Morgan Skenderian, Rick Applebaum

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409 E Pine Street, Santa Ana, CA 92701 (MLS# PW26219394) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 409 E Pine Street is currently listed for $2,975,000 and was received on October 08, 2026. Want to learn more about 409 E Pine Street? Do you have questions about finding other Multi-Family real estate for sale in Santa Ana? You can browse all Santa Ana real estate or contact a Coldwell Banker agent to request more information.

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