The 1st Street Apartments, an 8-unit apartment building located in Santa Ana, CA, was built in 1924; the property offers a simple unit mix of all studio units. There is one on-site laundry facility, and gated parking which includes 9 parking spaces. Most units have tile flooring, and some units have granite countertops. Recent improvements include newer windows, new concrete, exterior paint, some units have remodeled showers and remodeled floors and new electrical wiring. The 1st Street Apartments offers an investor the opportunity to purchase an income producing asset with 16% upside in rents and a 6.5% cap rate on market rents.