Address
313 S Broadway Santa Ana, CA
Price
$ 1,399,000
Property Attributes
  • MLS#OC20150050
  • TypeIncome
  • CountyORANGE
  • CitySanta Ana
  • AreaSanta Ana South of First
  • Zip92701
  • Style
  • Price$ 1,399,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Jason Kirklen with Kirklen Investment Group.
Data Source:
CRMLS
Property Description

The property presented for sale is a five-unit apartment building located just south of the city and county center. Residents of the three 1-bedroom/1-bath and two 2-bedroom/1-bath units will benefit from the numerous schools, shops, parks and city/county services that are within walking distance of the property. The continued appreciation in this market offers an investor an opportunity to own in in a top national rental market. The Broadway Apartments presents a new investor the opportunty to capitalize on a stablized asset that is insulated from the effects of rent control due to the fact that the current owner has stayed up-to-date with market rate rents. The building is indivially metered for Gas and Electricity, it does not have a house meter for either. This keeps the expenses low and minimizes surprises for a new owner. The Broadway Apartments has a seasoned tenant roster with the oldest tenant dating back to 2007 and tenants enjoy the buildings nicely maintained grounds. The buildings have newer dual-pane vinyl windows, pitched roofs, and ample parking with four garage spaces and two open spaces.

Price History
8/1/2020 Listed $1,399,000

General Features

Community Features Curbs, Street Lights, Sidewalks, Urban
Garage Spaces 4
Garage Y/N Yes
Levels Two
MLS Area 69 - Santa Ana South of First
Open Parking Spaces 1
Pool Features None
Property Type Residential Income
Roof Asphalt
Sewer Public Sewer
Spa Features None
Terms 1031 Exchange
Total Actual Rent 7395
Total Units 5
View None
Water Sewer Expense 2280

Interior Features

Common Walls No Common Walls
Laundry Features Common Area
Window Features Double Pane Windows

Exterior Features

Fencing Wood
Lot Features 36-40 Units/Acre
Lot Size Acres 0.14
Lot Size Area 6098
Lot Size Source Assessor
Lot Size Square Feet 6098
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Road Frontage Type City Street
Road Surface Type Paved
Total Parking 5
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92701

Price
AVG $1.97M
$1.4M
Visits
AVG 205
416
Year Built
AVG 1929
1955
Walkscore
AVG 89
90
Data Provided by Walkscore ® not using MLS data

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