2313 Franzen Avenue, Santa Ana, CA 92705
Property · 2 recorded sales since 2017
Sold June 2021
Listing Agent: Michael Arp (DRE #01488586) · Listing Office: Morgan Skenderian · Contact: 949-251-8800 · Bought with: JOE NAPOLI · RE/MAX TOP PRODUCERS · MLS #PW21118882 · Source: CRMLS
About this property
2313 Franzen Avenue is a meticulously maintained, Covington style 4-plex in North East Santa Ana; bordering North Tustin and Orange. The property is ideally located within the Orange Unified School District boundaries and is freeway close with the 55 and 22 freeways just minutes away. The residential style of architecture and strategic unit mix has proven to be in high demand since the concept was introduced in the 60's and 70's. The subject property boasts an attractive unit mix of (1) 3 bedroom 1.75 bath, (2) 2 bedroom 1.75 bath, and (1) 1 bedroom 1 bath units which have balconies (upstairs) and patios (downstairs). The current annual income is $94,440 so a new owner will not need to aggressively raise rents to achieve market level rents. The Franzen Avenue 4-plex is a turnkey apartment building with great rents in a location that will be sought after for years to come.
Listing description from the June 2021 sale, as reported to CRMLS.
Sale history
