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.
Property Details
- Interior
- Balcony, Ceiling Fans
- Cooling
- 1
- Cooling Features
- Wall Window Units
- View
- Neighborhood
- Lot Features
- Front Yard, Lawn
- Stories
- 2
- Lot Description
- Front Yard, Lawn
- Acres
- 0.14
- Lot Size (sqft)
- 6098.0
- Parking Features
- Assigned, Garage, On Site, Private
- Parking
- 1
- Parking Spaces
- 8.0
- Parking Type
- Garage
- Parking Garage Spaces
- 4.0
- Property Type
- Multi-Family
- Property Subtype Additional
- Mixed Use
- Year Built
- 1951
- Foundation
- Combination
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Appliances
- Dryer, Washer
- Subdivision
- NONE
- Community Features
- Park, Storm Drains, Street Lights, Suburban, Sidewalks
- County
- Orange
- Region
- Santa Ana
- Original List Price
- $1,535,000
- Days on Market (Cumulative)
- 39
- Taxes Annual
- $17,022
- HOA Fees
- 0.0
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Provided By
Listed by Ali Jahanshahi (#SJAHAL1)
Listing Office: Keller Williams Realty Hollywood Hills (#OC11016)
