4/2/2009

Southern California apartment community listed for $27.5 million

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A 196-unit apartment luxury community in Santa Ana, Calif., has been listed for sale for $27.5 million.

Marcus & Millichap is representing the seller, a joint venture between a pension fund advisor and a local developer.

The Court at Artists Village is located 301 W. 2nd St. in Santa Ana. It is a mixed-use urban apartment community comprised of 196 luxury apartment homes, 12,222 square feet of ground floor retail shops and 1,412 square feet of storage and office space.

The complex is a fully renovated 1990s vintage-style complex featuring a two-level subterranean parking structure. Other amenities include a new fitness center, a swimming pool and a business center.

Address: 301 W. 2nd St., Santa Ana, Calif.

Size: 12,222 square feet

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Filed Under: Multi-Family

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