1405 S Broadway , Santa Ana, CA 92707
$1,535,000
Est. Payment: $3,411.11/mo
6 Bed
4 Bath
3272 Sqft
Status: active | Days on site: 5
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.

Highlights

Listed by Ali Jahanshahi , 949-677-9631 Keller Williams Realty Hollywood Hills , 310-623-1300.

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

1951

County

Orange

Area

69 - Santa Ana South of First

Neighborhood

None

Listing ID

OC26170439

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:4
  • Full Bathrooms:
Appliances:Dryer, Washer
Air Cond:Wall/Window Unit(s)
Fireplaces:
Floor:Carpet,Tile
Other:Balcony,Ceiling Fan(s)
Other:Public

Exterior Features

Lot:Front Yard,Lawn,No Land Lease
Garage Capacity:8
Others:Turnkey,Drywall,Frame,Glass,Concrete,2+ Total Units
Sewer:Public Sewer
Parking Features:Assigned,Garage,On Site,Private
Principal Interest
$3,411
Taxes
$1,419

Home Price

$1,535,000

Loan Details

30 yrs
%

Down Payment

20%
$307,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,411.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,411.11 $1,418.50 $0.00 $4,829.61
Yearly $40,933.33 $17,022.00 $0.00 $57,955.33
Total $1,228,000.00 $510,660.00 $0.00 $1,738,660.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Santa Ana, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.