1405 South Broadway, Santa Ana, CA 92707
1405 South Broadway, Santa Ana, CA 92707
1405 South Broadway, Santa Ana, CA 92707
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Ali Jahanshahi • Keller Williams Realty Hollywood Hills
$1,535,000
Est. payment /mo
3,272 SqFt
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Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 3,272 sqft

Price per Sqft $469

MLS Listing ID OC-26170439

Year Built 1951

Lot Size 6,098 Sqft

Property Sub-Type Commercial/Residential

Source California Regional Multiple Listing Service (CRMLS)

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 Ceiling Fan(s), Balcony

Flooring Carpet, Tile

Fireplaces Type None

Laundry Community, Dryer Included, Individual Room, Outside, Washer Included

Exterior

Parking Features Garage, On Site, Private, Assigned

Garage Spaces 4.0

Pool None

Community Features Park, Sidewalks, Storm Drains, Street Lights, Suburban

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

View Y/N Yes

Building

Lot Description Front Yard, Lawn

Sewer Public Sewer

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

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1405 South Broadway