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Listed by Ali Jahanshahi, DRE #01712904 • Keller Williams Realty Hollywood Hills
$1,535,000
Est. payment /mo
6,098 Sqft Lot
Active
1405 S Broadway Santa Ana, CA 92707
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26170439
Year Built 1951
Lot Size 6,098 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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
Cooling Window / Wall Unit
Laundry In Laundry Room, Other, Washer, Washer/Dryer - Owned, Community Facility, Dryer
Exterior
Parking Features Assigned Spaces, Private / Exclusive, Garage, Common Parking Area
Garage Spaces 8.0
Pool None
View Local/Neighborhood
Building
Foundation Combination
Water District - Public
Others
Tax ID 01317402
Special Listing Condition Not Applicable
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