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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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
Listed by Ali Jahanshahi, DRE #01712904 • Keller Williams Realty Hollywood Hills
$1,535,000
Est. payment /mo
6,098 Sqft Lot
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UPDATED:

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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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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