Welcome to 2313 Franzen Avenue, a meticulously maintained Covington style 4-plex located in the heart of Northeast Santa Ana. This exceptional property, bordering North Tustin and Orange, is a prime investment opportunity nestled within the highly sought-after Orange Unified School District boundaries. With easy access to the 55 and 22 freeways, as well as plenty of shopping and rapid transit nearby, convenience is just an added bonus to this property. The charming residential architecture at 2313 Franzen Avenue has been brought to life with modern maintenance and care. The strategic unit mix has been in high demand since its inception, and this property is no exception. The Franzen Avenue 4-plex boasts an attractive mix of units: one spacious 3-bedroom, 1.75-bath unit, two comfortable 2-bedroom, 1-bath units, and one cozy 1-bedroom, 1-bath unit. Each unit is thoughtfully designed with balconies for the upstairs units and patios for the downstairs units, providing residents with outdoor spaces to relax and enjoy. Financially, 2313 Franzen Avenue is a standout. With a current annual income of $94,880, new owners will find that there ample opportunity to reach market levels. This turnkey apartment building offers stable and impressive returns right from the start. The location, charm, and income potential of this property make it a standout choice for any investor. The high demand for such unit mixes ensures low vacancy rates and long-term desirability. Whether you are a seasoned investor or new to the market, 2313 Franzen Avenue is an opportunity that cannot be missed. I invite you to come see all that 2313 Franzen Avenue has to offer you!
Property Details
Price:
$1,710,000
MLS #:
CV24135006
Status:
Active
Baths:
0
Address:
2313 Franzen Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
ntsnorthtustin
City:
Santa Ana
Listed Date:
Jul 1, 2024
State:
CA
ZIP:
92705
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1969
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Central Air, Wall/ Window Unit(s)
Fireplace Features
Living Room
Flooring
Carpet, Laminate, Tile
Heating
Central
Exterior
Community Features
Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Electric
Standard
Fencing
Good Condition, Vinyl
Garage Spaces
5.00
Lot Features
Front Yard, Near Public Transit, Yard
Parking Spots
7.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Map
Community
- Address2313 Franzen Avenue Santa Ana CA
- AreaNTS – North Tustin
- CitySanta Ana
- CountyOrange
- Zip Code92705
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Courtesy of RE/MAX INNOVATIONS. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2313 Franzen Avenue
Santa Ana, CA
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