Investment Highlights
Nineteen01 is a 264-unit multifamily asset in Santa Ana, CA. The Class A property was acquired in partnership with PCCP, LLC at a significant discount to replacement cost, and includes a three- and five-story wrap building that was developed in 2016.
Located at 1901 E. 1st St. in Santa Ana, Nineteen01 offers a multitude of investment drivers relating to its prime location, including its proximity to major freeways providing convenient access to all of Orange County. The property is near Santa Ana College, the largest community college in California, and is in the heart of the area’s employment hub, near multiple hospitals and medical centers, such as CHOC Children’s and St. Joseph Hospital, which employ more than 10,000 people. In addition, Nineteen01 is surrounded by a collection of some 20 restaurants, bars, and shops that patrons of all ages enjoy year-round. Its culinary lineup was carefully selected to include some of the most popular restaurants in the Orange County food scene. Additionally, the property is less than five miles from Costa Mesa and only a 10-minute drive to Newport Beach. Being within 20 minutes driving distance of three different cities – Santa Ana, Costa Mesa, and Newport Beach – Nineteen01 has the optimal location for both employment and entertainment.
Property Highlights
Features of Nineteen01 include an attractive unit mix comprised of one- to three-bedroom apartments, with open-concept floor plans and an impressive average unit size of 1,033 square feet. All the homes feature fully appointed kitchens, full-size washers and dryers, private patios or balconies, spacious walk-in closets, and ceiling fans. Nineteen01 also features a broad array of community amenities, which include a rooftop resort-style pool area with spa, a fully equipped, 24/7 accessed fitness center, business center, cyber café, private conference room, dog park, game room, package system, communal fire pit, outdoor grilling areas, and community green spaces.
Amenities