1405 S Broadway, Santa Ana, CA 92707
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1405 S Broadway, Santa Ana, CA 92707
1405 S Broadway, Santa Ana, CA 92707
1405 S Broadway, Santa Ana, CA 92707
1405 S Broadway, Santa Ana, CA 92707
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1405 S Broadway Santa Ana, CA 92707

6,098 Sqft Lot


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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26170439

Construction Status Turnkey

HOA Y/N No

Year Built 1951

Annual Tax Amount $17,022

Lot Size 6,098 Sqft

Property Sub-Type Mixed Use

Property Description

Unbeatable Cash-Flow Fourplex in Santa Ana's Historic Wilshire Square! This turnkey asset is built for maximum passive income, generating a strong $9,450 per month ($113,400 annually) with a high cap rate that outperforms comparable local multifamily investments. Operating expenses stay extremely low thanks to separately metered electric, gas, and water utilities. The fully occupied property features a high demand unit mix consisting of a remodeled downstairs 2-bedroom/1-bath unit leasing for $2,800 per month, an upgraded upstairs 2-bedroom/1-bath unit leased at $2,650 per month, and two 1-bedroom/1-bath units (featuring updated kitchens) leased at $2,000 per month each. An on site shared laundry room provides added tenant convenience and extra income potential. Huge potential would be converting the garages into 2 ADU's since the garages are free standing to increase the income and building value!!! Positioned just minutes from Downtown Santa Ana, Main Street dining, Bowers Museum, and Santa Ana College, with rapid access to the 5, 55, and 22 freeways, this high performing cash cow ensures rock solid, perpetual tenant demand. Rare opportunities like this don't stay on the market long act fast! Drive by only, please do not disturb tenants.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Interior Features Balcony, Ceiling Fan(s)

Cooling Wall/Window Unit(s)

Flooring Carpet, Tile

Fireplaces Type None

Fireplace No

Appliance Dryer, Washer

Laundry Common Area, Laundry Room, Outside

Exterior

Parking Features Assigned, Garage, On Site, Private

Garage Spaces 4.0

Garage Description 4.0

Fence Wood, Wrought Iron

Pool None

Community Features Park, Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Total Parking Spaces 8

Private Pool No

Building

Lot Description Front Yard, Lawn

Story 2

Entry Level Two

Foundation Combination

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 01317402

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Freddie Mac, Government Loan, Private Financing Available, Submit

Listing Terms Cash, Cash to New Loan, Conventional, FHA, Freddie Mac, Government Loan, Private Financing Available, Submit

Special Listing Condition Standard


CRMLS Full IDX Feed (MAIN Website Search)
Listed by Ali Jahanshahi Keller Williams Realty Hollywood Hills 949-677-9631, DRE #01712904

Nearby Locations

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Hyun Jin IM

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1405 S Broadway