1810 S Broadway presents a rare opportunity to acquire a well-located, value-driven 8-unit apartment building in the heart of Santa Ana. Built in 1987
and offered at just $272 per square foot, this asset delivers immediate income and long-term upside in one of Orange County’s most dynamic rental
markets.
Each unit boasts over 1,000 square feet of living space, configured as 3-bedroom, 1-bathroom floor plans with oversized private balconies nearing
250 SF—a feature rarely found in comparable product. The property offers ample parking with 17 on-site spaces, allowing each unit to have two
dedicated spaces, a highly attractive amenity for tenants.
With a seasoned, long-term tenant base, the property enjoys zero vacancy and historically low turnover, fostering a tight-knit community feel. The
asset currently operates at an attractive 11.76 GRM and 5.2% cap rate, with rents below market and room for growth through strategic renovations or
repositioning.
While the property is performing well operationally, buyers should note that the third bedrooms in each unit are non-conforming and were not permitted as part of the original 2-bedroom floor plans. In 2024 significant capital expenditure was made modifying several of the balconies. The building would benefit from continued maintenance, systems upgrades and cosmetic improvements. This is an ideal acquisition for investors seeking a
stable, seasoned tenant base with immediate cash flow, below-market rents, and multiple paths to value creation. Don’t miss this rare chance to
own a unique building with oversized units, strong bones, and built-in community.
and offered at just $272 per square foot, this asset delivers immediate income and long-term upside in one of Orange County’s most dynamic rental
markets.
Each unit boasts over 1,000 square feet of living space, configured as 3-bedroom, 1-bathroom floor plans with oversized private balconies nearing
250 SF—a feature rarely found in comparable product. The property offers ample parking with 17 on-site spaces, allowing each unit to have two
dedicated spaces, a highly attractive amenity for tenants.
With a seasoned, long-term tenant base, the property enjoys zero vacancy and historically low turnover, fostering a tight-knit community feel. The
asset currently operates at an attractive 11.76 GRM and 5.2% cap rate, with rents below market and room for growth through strategic renovations or
repositioning.
While the property is performing well operationally, buyers should note that the third bedrooms in each unit are non-conforming and were not permitted as part of the original 2-bedroom floor plans. In 2024 significant capital expenditure was made modifying several of the balconies. The building would benefit from continued maintenance, systems upgrades and cosmetic improvements. This is an ideal acquisition for investors seeking a
stable, seasoned tenant base with immediate cash flow, below-market rents, and multiple paths to value creation. Don’t miss this rare chance to
own a unique building with oversized units, strong bones, and built-in community.
Property Details
Price:
$2,395,000
MLS #:
GD25176671
Status:
Active
Baths:
0
Address:
1810 S Broadway
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
69santaanasouthoffirst
City:
Santa Ana
Listed Date:
Aug 5, 2025
State:
CA
ZIP:
92707
Lot Size:
9,148 sqft / 0.21 acres (approx)
Year Built:
1987
See this Listing
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Schools
Interior
Exterior
Community Features
Suburban
Garage Spaces
17.00
Lot Features
Level with Street, Rectangular Lot
Parking Spots
17.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address1810 S Broadway Santa Ana CA
- Area69 – Santa Ana South of First
- CitySanta Ana
- CountyOrange
- Zip Code92707
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1810 S Broadway
Santa Ana, CA
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