High Cap rate, prime 4-Unit Investment Opportunity in Wilshire Square – Strong Income & Ideal Location Discover an exceptional, fully-rented fourplex in the charming and historic Wilshire Square neighborhood of Santa Ana. This well-maintained property features four separately metered units (gas and electric), providing stable income with minimal owner expenses. Unit Mix & Current Rents (2) Two-Bedroom, One-Bath Units • Downstairs 2BR – $2,800/mo: Recently remodeled by previous owner • Upstairs 2BR – $2,500/mo: Well cared for with reliable long-term appeal (2) One-Bedroom, One-Bath Units • Downstairs 1BR – $2,000/mo: Includes a n
Shared laundry room • 6,098 sq ft lot • 4 garage spots
ABOUT THIS HOME
Wilshire Square, CA Homes for Sale
1419-1423 represents the opportunity to acquire 12 units situated across two adjacent parcels just one block off Main Street in Santa Ana. This well-maintained property is comprised of 100% 2 bed + 1 bath units averaging approximately 750 square feet each. Built in 1953, the buildings boast a total of 8,995 square feet with aggregate lot square footage of 12,502. Each unit is rented with one off-street parking space. Interior plumbing has been updated on both buildings and a water shutoff valve has been installed inside each unit. Both buildings have passed SB 721 balcony inspections. Tenants enjoy living on Sycamore because of it’s convenient proximity to both Main Street and Edinger
Beautifully updated home in Santa Ana featuring a series of thoughtful improvements throughout. The main residence includes a remodeled bathroom (2018), upgraded electrical panel (2018), new windows and solid wood doors (2019), new vinyl flooring (2020), remodeled room closets (2020) and a remodeled kitchen (2022) with updated water and sewer lines. The interior shows extremely well with clean finishes and thoughtful updates throughout, along with the unpermitted ADU located at the rear of the property. In 2020, the seller constructed the additional studio unit (unpermitted). Per the seller, the structure was rebuilt down to the studs with additional framing, shear walls for seismic reinfor