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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,500,000

Est. payment | -/mo

6 Beds

4 Baths

0.3 Acres Lot

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$ 1,500,000

Est. payment | -/mo

Save

6 Beds

4 Baths

0.3 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26165315

Bedrooms 6

Lot Size 0.300 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present the opportunity to acquire a multifamily asset located at 1735 W. Washington Avenue in Santa Ana. The property consists of four (4) units situated on an expansive 13,068 SF lot, featuring a unique unit mix of (2) detached two-bedroom, one-bathroom single-family homes and (1) duplex comprised of (2) one-bedroom, one-bathroom units. The property is occupied by long-term tenants, providing consistent rental income with significant upside through strategic asset management, renovation of the existing improvements, and the repositioning of rents over time. Investors also have the opportunity to further enhance cash flow through the implementation of a RUBS (Ratio Utility Billing System) program to offset water and trash expenses, while benefiting from future annual rental increases in accordance with the City of Santa Ana's rent control guidelines. The oversized lot presents a rare opportunity to further maximize the property's value through the potential development of ADUs, creating a compelling long-term value-add investment opportunity (Buyer to verify development potential and feasibility with the City of Santa Ana). Ideally located in one of Santa Ana's established residential neighborhoods, the property benefits from strong and consistent rental demand driven by its close proximity to Santa Ana College, Downtown Santa Ana, major employment centers, public transportation, and a wide variety of shopping, dining, entertainment, and lifestyle amenities. Residents also enjoy convenient access to the 5, 22, 55, and 57 Freeways, providing excellent regi

Location

State CA

County Orange

Zoning Other

Direction From the 22 FWY, Go South on Bristol and turn right on Washington Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 00407052

Acceptable Financing Cash

Listing Terms Cash

Listed by Christian Espinoza, DRE#02062988 Greysteel California, Inc.

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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1735 W Washington Santa Ana, CA 92706