Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

4

Building size

3,272 sqft

Lot size

6,098 sqft

Year built

1951

Stories

2

Garage spaces

4

Cooling

Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

0

MLS #

245545277

About this property

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

1405 S Broadway

Santa Ana, Orange, CA, 92707