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    313 S Broadway

    Santa Ana, CA 92701
    • $1,399,000
    • STATUS: Active
    • ON SITE: 253 days
    • ID#: OC20150050
    UPDATED: 155 min ago
    $1,399,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,964
      SQFT
    • $472
      $/SQFT
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    The property presented for sale is a five-unit apartment building located just south of the city and county center. Residents of the three 1-bedroom/1-bath and two 2-bedroom/1-bath units will benefit from the numerous schools, shops, parks and city/county services that are within walking distance of the property. The continued appreciation in this market offers an investor an opportunity to own in in a top national rental market.The Broadway Apartments presents a new investor the opportunty to capitalize on a stablized asset that is insulated from the effects of rent control due to the fact that the current owner has stayed up-to-date with market rate rents. The building is indivially metered for Gas and Electricity, it does not have a house meter for either. This keeps the expenses low and minimizes surprises for a new owner. The Broadway Apartments has a seasoned tenant roster with the oldest tenant dating back to 2007 and tenants enjoy the buildings nicely maintained grounds. The buildings have newer dual-pane vinyl windows, pitched roofs, and ample parking with four garage spaces and two open spaces.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T00:25:30.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/108465842
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    313 S Broadway Santa Ana, CA 92701

    • Price: $1,399,000
    • Status: Active
    • Updated: 155 min ago
    • ID#: OC20150050
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,964
    SQFT
    $472
    $/SQFT
    1955
    Built
    Neighborhood:
    69 - Santa Ana South of First
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    The property presented for sale is a five-unit apartment building located just south of the city and county center. Residents of the three 1-bedroom/1-bath and two 2-bedroom/1-bath units will benefit from the numerous schools, shops, parks and city/county services that are within walking distance of the property. The continued appreciation in this market offers an investor an opportunity to own in in a top national rental market.The Broadway Apartments presents a new investor the opportunty to capitalize on a stablized asset that is insulated from the effects of rent control due to the fact that the current owner has stayed up-to-date with market rate rents. The building is indivially metered for Gas and Electricity, it does not have a house meter for either. This keeps the expenses low and minimizes surprises for a new owner. The Broadway Apartments has a seasoned tenant roster with the oldest tenant dating back to 2007 and tenants enjoy the buildings nicely maintained grounds. The buildings have newer dual-pane vinyl windows, pitched roofs, and ample parking with four garage spaces and two open spaces.
    Exterior Features

    Fence YN Yes Fencing Wood Garage Spaces 4.00 Lot Features 36-40 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Asphalt Spa Features None Spa YN No Uncovered Spaces 1.00 View None View YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Common Area Levels Two Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet LightsUrban Country Us Elevation Units Feet Gross Income 88740.00 Gross Operating Income 86078.00 Gross Scheduled Income 88740.00 Insurance Expense 1898.00 Land Lease YN No Laundry YN Yes Net Operating Income 62001.00 New Construction YN No New Taxes Expense 16750.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 24076.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 7395.00 Total Expenses 24076.00 Trash Expense 0.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 2280.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Jason Kirklen of Kirklen Investment Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T00:25:30.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691