Amazing Investment property located in North East Santa Ana, bordering North Tustin and Orange. The property is located less than 2 miles from both CHOC and St Joseph’s Hospitals with high rental demand. This family neighborhood is also close to the 55, 22 and 5 freeways. The Covington style 4-plex’s unique unit mix has been coveted since it’s inception. The front unit is a spacious 3-bedroom/1.75 bath (over 1,400 sq ft)/ There are also two comfortable 2-bed/1.75 bath units and one cozy 1-bedroom/1 bath unit. The upstairs units both have balconies, and the downstairs units have private enclosed patios. All units are individually metered for electricity and have their own private enclosed garage. The building offers 4213 sq feet of living space on a 8,276 square foot lot. The roof was replaced in 2024. The current annual income is approx. $93,000, giving any investor the possibility of stable and impressive returns right away. The uniqueness, charm, desirability and location of this 4 unit investment property ensure low vacancy rates and long-term desirability. This is a rare investment opportunity in a highly desirable area, one that doesn’t come around often. Don’t miss out! Listing Agent is related to the owner.
Property Details
Price:
$1,700,000
MLS #:
SR25064453
Status:
Active
Baths:
0
Address:
2244 Franzen Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
ntsnorthtustin
City:
Santa Ana
Listed Date:
Apr 9, 2025
State:
CA
ZIP:
92705
Lot Size:
8,276 sqft / 0.19 acres (approx)
Year Built:
1969
See this Listing
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Schools
Interior
Appliances
Built- In Range, Dishwasher, Double Oven, Electric Oven, E N E R G Y S T A R Qualified Water Heater, Disposal, Gas Water Heater, Range Hood, Self Cleaning Oven, Water Heater Central, Water Line to Refrigerator
Cooling
Central Air
Fireplace Features
Family Room, Gas, Gas Starter
Flooring
Carpet, Laminate, Tile
Heating
Central, Fireplace(s), Forced Air
Interior Features
Balcony, Ceiling Fan(s), Corian Counters, Living Room Balcony, Storage, Tile Counters, Unfurnished
Window Features
Blinds, Insulated Windows, Screens
Exterior
Community Features
Curbs, Sidewalks, Street Lights, Suburban
Electric
Electricity – On Property, Standard
Fencing
Average Condition
Garage Spaces
4.00
Lot Features
2-5 Units/ Acre, Front Yard, Landscaped, Lawn, Level with Street, Sprinkler System, Sprinklers In Front, Sprinklers Timer, Treed Lot
Parking Features
Garage
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Telephone
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Map
Community
- Address2244 Franzen Avenue Santa Ana CA
- AreaNTS – North Tustin
- CitySanta Ana
- CountyOrange
- Zip Code92705
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2244 Franzen Avenue
Santa Ana, CA
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