315 S Garnsey Street, Santa Ana, CA 92701
Property
Sold January 2025
Listing Agent: Justin Butler (DRE #02092220) · Listing Office: Kirklen Investment Group · Contact: 949-202-7255 · Bought with: Justin Butler · Kirklen Investment Group · MLS #OC24206516 · Source: CRMLS
About this property
Built in 1964, this property features five one-bedroom apartments, complete with amenities such as garages and open parking, as well as an on-site laundry facility. This property presents a value-add opportunity with significant rental upside, making it an attractive investment for savvy buyers. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 1.10 miles from Downtown Santa Ana and the lively 4th Street Market, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.80 miles of Santa Ana College, appealing to students and faculty. With close proximity to the 5 Interstate, residents can conveniently connect to major employment hubs across Orange and Los Angeles Counties.
Listing description from the January 2025 sale, as reported to CRMLS.
Sale history