1408 N Broadway St Santa Ana, CA 92706

0 Bedroom, 9,684 Sqft, Residential Income

$2,425,000 - Sold
Property TypeResidential Income
Property Size9,684
Acreage0.00
Year Built1929
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.
 

Map Location for 1408 N Broadway St Santa Ana, CA 92706

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