Unbeatable Cash-Flow Fourplex in Santa Ana’s Historic Wilshire Square! This turnkey asset is built for maximum passive income, generating a strong $9,450 per month ($113,400 annually) with a high cap rate that outperforms comparable local multifamily investments. Operating expenses stay extremely low thanks to separately metered electric, gas, and water utilities. The fully occupied property features a high demand unit mix consisting of a remodeled downstairs 2-bedroom/1-bath unit leasing for $2,800 per month, an upgraded upstairs 2-bedroom/1-bath unit leased at $2,650 per month, and two 1-bedroom/1-bath units (featuring updated kitchens) leased at $2,000 per month each. An on site shared laundry room provides added tenant convenience and extra income potential. Huge potential would be converting the garages into 2 ADU's since the garages are free standing to increase the income and building value!!! Positioned just minutes from Downtown Santa Ana, Main Street dining, Bowers Museum, and Santa Ana College, with rapid access to the 5, 55, and 22 freeways, this high performing cash cow ensures rock solid, perpetual tenant demand. Rare opportunities like this don't stay on the market long act fast! Drive by only, please do not disturb tenants.
3,272 Sq Ft
6,098 Sq Ft Lot Size
investment
$1,419 Monthly Tax
Built in 1951
MLS/Listing ID OC26170439
2 Stories
4 Units
Community - Park
Community - Sidewalks
Community - Storm Drains
Community - Street Lights
Community - Suburban
Dryer
Washer
Public Water
Public Sewer
Double Pane Windows
Neighborhood View
Parking - Assigned
Parking - Garage
Parking - On Site
Parking - Private
Lot - Front Yard
Lot - Lawn
Common Area
Laundry Room
Outside
Balcony
Carpet
Tile
Construction - Glass
Construction - Frame
Construction - Drywall
Construction - Concrete
Wood
Wrought-iron
Cooling - Ceiling Fans
Cooling - Wall/window unit(s)
TOTAL MONTHLY COST
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$0
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Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.