2318 Franzen Ave - Apartments FOR SALE


Santa Ana, CA 92705
$1,499,000 USD
310-629-8661
2318 Franzen Ave, Santa Ana, CA for Sale
$1,499,000 USD
Apartments - FOR SALE
1/10
null | 5.13% Cap Rate

2318 Franzen Ave
Santa Ana, CA 92705


HIGHLIGHTS

  • Exterior Recently Repainted
  • All units with private patios/decks
  • Additional income from laundry facilities
  • Separately Metered for Gas & Electric
  • 4 Unit Apartment Building
  • New Vinyl Windows

OVERVIEW

Great opportunity to own a well-maintained 4-plex. The property consists of 1 3-bedroom 2 bath unit, 2 2-bedroom 2 bath units and a spacious 1-bedroom 1 bath unit. The 3-bedroom unit was vacated late last year, and the seller used the opportunity to fully refresh the space with a new kitchen, updated bathrooms, mirrored wardrobe closets, a new sliding door, and new flooring throughout thus positioning a new owner to maximize the unit’s rental potential. Other recent improvements include new dual pane vinyl windows throughout and the recently painted exterior. PLEASE DO NOT DISTURB TENANTS. UNITS TO BE TOURED WITH ACCEPTED OFFER.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$359 USD /SF

# OF UNITS

4

PRICE/UNIT

$374,750

CAP RATE

5.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,512 SF

ZONING

R4

APN/PARCEL ID

396-131-39

ASK ABOUT THIS PROPERTY

Steve WhiteSR White & AssociatesMore Info
310-629-8661

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Steve WhiteSR White & AssociatesMore Info
310-629-8661

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.