32
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$1,535,000
Est. payment /mo
6,098 Sqft Lot
Active
1405 S Broadway Santa Ana, CA 92707
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26048328
HOA Y/N No
Year Built 1951
Lot Size 6,098 Sqft
Property Sub-Type Quadruplex
Property Description
Exceptional Investment Opportunity in Santa Ana's 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 one—making 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 Ana's most recognized destinations including the Bowers Museum, Santa Ana Zoo, Santa Ana College, and Mater Dei High School. Residents also enjoy the vibrant cafés, 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 Ana's steadily revitalizing areas. Drive by only — please do not disturb tenants.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Heating Forced Air
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 01317402
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Maryam Amiri Redfin #01804754
NEARBY SCHOOL & BUSINESS
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