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    509 S Broadway

    Santa Ana, CA 92701
    • $1,130,000
    • STATUS: Active
    • ON SITE: 233 days
    • ID#: PW19242857
    UPDATED: 61 min ago
    $1,130,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,112
      SQFT
    • $363
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1907
    County:

    School Ratings & Info

    Description

    Welcome to the Broadway Apartments, a five-unit apartment investment opportunity located in the city of Santa Ana, one of Orange County's strongest rental markets. Comprised ideally of a majority of two-bedroom units, this investment opportunity if full of historic charm with original woodwork dating back to 1907. The Broadway Apartments is ideally located near Downtown Santa Ana, the Financial & Judicial headquarters of Orange County and a short walk to schools and parks. The Broadway Apartments is an excellent investment opportunity own a historic building in one of Orange County's strongest rental markets.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-04T13:29:12.387. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Powerhouse Real Estate. Licensed in the State of California, USA.

    www.thepowerhouserealestate.com/homes/99944787

    509 S Broadway Santa Ana, CA 92701

    • Price: $1,130,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: PW19242857
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,112
    SQFT
    $363
    $/SQFT
    1907
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    Welcome to the Broadway Apartments, a five-unit apartment investment opportunity located in the city of Santa Ana, one of Orange County's strongest rental markets. Comprised ideally of a majority of two-bedroom units, this investment opportunity if full of historic charm with original woodwork dating back to 1907. The Broadway Apartments is ideally located near Downtown Santa Ana, the Financial & Judicial headquarters of Orange County and a short walk to schools and parks. The Broadway Apartments is an excellent investment opportunity own a historic building in one of Orange County's strongest rental markets.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.60 Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 0.00 Gross Income 300.00 Gross Multiplier 13.62 Gross Operating Income 80491.00 Gross Scheduled Income 82980.00 Insurance Expense 1556.00 Land Lease YN No Laundry YN No Maintenance Expense 5634.00 Maintenance Percent 7.00 Net Operating Income 52170.00 New Construction YN No New Taxes Expense 12481.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 28321.00 Operating Expense Percent 34.10 Other Expense 6061.00 Other Expense Description Utility Other Income1 300.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Henniger Park Total Expenses 28321.00 Trash Expense 0.00 Vacancy Allowance 2489 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Damien Breaux of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-04T13:29:12.387. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Powerhouse Real Estate. Licensed in the State of California, USA.

     
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