313-317 S Broadway - Apartments FOR SALE


Santa Ana, CA 92701- Heninger Park
$1,339,000 USD
949-942-1302
313-317 S Broadway, Santa Ana, CA for Sale
$1,339,000 USD
Apartments - FOR SALE
1/8
null | 5.31% Cap Rate

313-317 S Broadway
Santa Ana, CA 92701
Heninger Park


HIGHLIGHTS

  • ADU Potential Via Conversion of Large, On-Site Storage Space
  • Walking Distance to Historic Downtown on 4th Street
  • Four (4) Garage Parking Spaces
  • Central HVAC Systems
  • Separately Metered for Gas & Electric

OVERVIEW

The subject property features an extremely desirable unit mix of three, 2-bedroom and two, 1-bedroom units. Situated on a 6,100 square foot lot, the property offers 4 single car garage spaces, a large storage unit for additional income, private balconies for the upstairs units, mini split AC systems and is separately metered for gas and electric. Additionally, the large storage unit can be converted to an ADU and already has utility lines running to this space to make for an easier conversion. The South Broadway Apartments are extremely well located in the strong Santa Ana rental market and just minutes off the 5 and 55 Freeway. The proximity to the freeways will allow tenants to access the greater Orange County and Los Angeles areas quickly and easily. The property is within walking distance of Downtown Santa Ana, which offers residents a variety of shopping, dining, entertainment and occupational opportunities. Additionally, the South Broadway Apartments is conveniently located near many educational institutions such as Santa Ana High School and Lowell Elementary School.

FOR SALE DETAILS

PRICE

$1,339,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

5

PRICE/UNIT

$267,800

CAP RATE

5.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R3, Santa Ana

APN/PARCEL ID

398-287-04

ASK ABOUT THIS PROPERTY

Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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