314 S Broadway, Santa Ana, CA 92701

About this property

Attention Investors - 4.3% CAP Rate. Great Location in the City of Santa Ana. 3 Unit Apartment Building is in An Excellent Rental Area with Low Vacancy Rates. The unit mix consists of (1) 3 bedroom / 2 bathroom, (1) 2 Bedroom / 1 Bath, (1) 1 Bedroom / Bath located in a High Demand Heninger Park Neighborhood in the City of Santa Ana. Close to 5 Freeway Shopping Centers, Restaurants & Parks. Building Inside Total 2,583 Sq. ft., Remodeled Kitchens and Baths, New First Floor Windows and Newer Tankless Water Heater are a few of many improvements made. Annual Net Operating Income Approx. $68,400. Cap Rate: 4.3 % with New Property Tax Rate. Performa Annual Rental Income will be $72,600. Landlord Pays the Water/Trash/ Gas/ Gardener/ Property Tax /Insurance. Property qualifies for the State MILLS ACT Property Historic Preservation Program where property owners receive property tax relief. *Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants*

Listing description from the July 2021 sale, as reported to CRMLS.

Sale history

$1,002,500

Sold July 2021 · listed $1,075,000, orig. $968,000, on market May 2021 · MLS #PW21094589 · Source: CRMLS

Listing Agent: Rodolfo Zuniga · Listing Office: AARE · Contact: 949-386-1179 · Bought with: Forouz Mansouri-Abrahimzade · PREA Realty, Inc.

$805,000

Sold December 2017 · listed $798,000, orig. $1,150,000, on market July 2017 · MLS #OC17171458 · Source: CRMLS

Listing Agent: Ryan Oca · Listing Office: Creative Property Group · Contact: 949-999-0825 · Bought with: Lloyd Mantong · Keller Williams Realty

$580,000

Sold December 2015 · listed $585,000, on market September 2015 · MLS #PW15209288 · Source: CRMLS

Listing Agent: Michael Sacks · Listing Office: Morgan Skenderian · Contact: 949-251-8800 · Bought with: Shelly Cofini · Charles Property Group

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