1408 North Broadway Street, Santa Ana, CA 92706

$2,425,000 Approx. USD 0 beds, 0 baths
9,864 sqft

Agent Remarks

A rare investment opportunity in Santa Ana, this 1920' s era Spanish-style property has old-world character complimented with extraordinary investment dynamics. The Broadway Property is on the Santa Ana Historical properties list and is located on a low-density street surrounded by affluent professional offices, similar high-character apartments, and an adjoining vacant parcel. Capital improvements include copper plumbing, upgraded windows, upgraded ducting, and recent exterior painting. The interiors welcome tenants with hardwood and tile flooring, a large living room, and a separate bathtub and shower. All twelve one-bedroom units average 800+ sq. ft. and long term tenants have kept rents low at an average of $1,050. Two June '16 vacancies were rented for $1,295 (without adding improvements), proving the business plan of raising rents to substantially increase cash flow.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# PW16123026
List price is $2,425,000
Beds: 0
Baths: 0
Built in 1929
9,864 sqft
0.28 acres
Lot size: 12245.000
County: Orange
Parking description: Assigned
MLS area: 70 - Santa Ana North of First

Last Updated: 9/8/2016

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This listing belongs to the 70 - Santa Ana North of First MLS area

Lat/Long: 33.756958, -117.870117.
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Broker: Courtesy of Investment Property Group
Listing Agent: Gary Tolfa

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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