1405 S Broadway, Santa Ana, CA 92707
- $1,535,000
- List Price
- $1,535,000
- Status
- ACTIVE
- MLS#
- OC26170439
- Year Built
- 1951
- Lot Size
- 6,098
- Acres
- 0.14
- Lot Location
- Front Yard, Lawn
- Days on Market
- 9
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
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.
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Additional Information
- Taxes
- $17,022
- Appliances
- Dryer, Washer
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Neighborhood
- Exterior Construction
- Drywall, Frame, Glass, Concrete
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Ceiling Fan(s)
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $113,400
- Operating Expense
- 30200
Listing courtesy of Listing Agent: Ali Jahanshahi (Realtoralij@hotmail.com) from Listing Office: Keller Williams Realty Hollywood Hills.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.