Contact Xavier Gomez
Contacting Xavier Gomez
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
1405 Broadway, Santa Ana, CA 92707
Priced at Only: $1,535,000
For more Information Call
Address: 1405 Broadway, Santa Ana, CA 92707
Request More Information
  • All fields are required.
  • MLS#: OC26048328 ( Quadruplex )
  • Street Address: 1405 Broadway
  • Viewed: 2
  • Price: $1,535,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1951
  • Bldg sqft: 0
  • Days On Market: 3
  • Additional Information
  • County: ORANGE
  • City: Santa Ana
  • Zipcode: 92707
  • Subdivision: Other (othr)
  • Provided by: Redfin
  • Contact: Maryam Maryam
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Exceptional Investment Opportunity in Santa Anas Historic Wilshire Square. This fully occupied fourplex offers strong, stable cash flow with projected rental income of approximately $9,800 per month and a high cap rate that outperforms many comparable multifamily investments in the area. With separately metered utilities, owner expenses remain low while a reliable tenant base provides immediate income from day onemaking this an ideal opportunity for both seasoned investors and those entering the multifamily market. The property features a well balanced unit mix consisting of two spacious 2 bedroom/1 bath units and two efficient 1 bedroom/1 bath units. The recently remodeled downstairs 2 bedroom unit rents for $2,800 per month, while the upstairs 2 bedroom unit is currently being upgraded and projected to lease for $3,000 per month once complete. Both 1 bedroom units are leased at $2,000 per month each, with one unit featuring a newly updated kitchen. One unit is currently vacating, creating the opportunity to secure the new $3,000 lease and increase total monthly income from $9,300 to approximately $9,800. A shared on site laundry room provides added convenience for tenants and potential additional revenue for ownership. Location is another key advantage. Positioned within the desirable and historic Wilshire Square neighborhood, the property offers convenient access to many of Santa Anas most recognized destinations including the Bowers Museum, Santa Ana Zoo, Santa Ana College, and Mater Dei High School. Residents also enjoy the vibrant cafs, restaurants, and cultural scene of Downtown Santa Ana and the Main Street corridor, all just minutes away. Easy access to the 5, 55, and 22 freeways enhances commuter convenience and supports consistently strong rental demand. Blending historic neighborhood charm with urban accessibility, this fourplex presents a compelling opportunity to secure a well performing income property in one of Santa Anas steadily revitalizing areas. Drive by only please do not disturb tenants.
Features
Assessments
  1. Buyer to Verify
Building Area Total
  1. 3272.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 136
Electric Expense
  1. 540.00
Entry Location
  1. Front
Garage Spaces
  1. 4.00
Gardner Expense
  1. 960.00
Heating
  1. Forced Air
Insurance Expense
  1. 3100.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lockboxtype
  1. Combo
Lot Features
  1. Level
Netoperatingincome
  1. 81400.00
Newtaxesexpense
  1. 17022.00
Parcel Number
  1. 01317402
Pool Features
  1. None
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 457882056:CRM
Subdivision Name Other
  1. Other
Totalactualrent
  1. 111600.00
Totalexpenses
  1. 30200.00
Trash Expense
  1. 2028.00
Water Sewer Expense
  1. 6000.00
Water Source
  1. Public
Year Built
  1. 1951
Year Built Source
  1. Public Records
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
Request More Information
  • All fields are required.