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Listed by Vera Quinlan • Newcastle Realty
$1,675,000
Est. payment /mo
4,213 SqFt
Active
2244 Franzen Avenue Santa Ana, CA 92705
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,213 sqft
Price per Sqft $397
MLS Listing ID CRSR25064453
HOA Y/N No
Year Built 1969
Lot Size 8,276 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
Amazing Investment property located in North East Santa Ana, bordering North Tustin and Orange. The property is located less than 2 miles from both CHOC and St Joseph's Hospitals with high rental demand. This family neighborhood is also close to the 55, 22 and 5 freeways. The Covington style 4-plex's unique unit mix has been coveted since it's inception. The front unit is a spacious 3-bedroom/1.75 bath (over 1,400 sq ft)/ There are also two comfortable 2-bed/1.75 bath units and one cozy 1-bedroom/1 bath unit. The upstairs units both have balconies, and the downstairs units have private enclosed patios. All units are individually metered for electricity and have their own private enclosed garage. The building offers 4213 sq feet of living space on a 8,276 square foot lot. The roof was replaced in 2024. The current annual income is approx. $93,000, giving any investor the possibility of stable and impressive returns right away. The uniqueness, charm, desirability and location of this 4 unit investment property ensure low vacancy rates and long-term desirability. This is a rare investment opportunity in a highly desirable area, one that doesn't come around often. Don't miss out! Listing Agent is related to the owner.
Location
State CA
County Orange
Interior
Heating Forced Air, Central, Fireplace(s)
Cooling Central Air
Flooring Laminate, Tile, Carpet
Fireplace No
Appliance Gas Water Heater
Laundry Common Area, Community Facility
Exterior
View None
Building
Lot Description Other, Front Yard, Landscape Misc
Water Public
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