$1,500,000
Est. payment /mo
6 Beds
4 Baths
0.3 Acres Lot
New
1735 W Washington Santa Ana, CA 92706
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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.
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