Built in 1964, this property features five one-bedroom apartments, complete
with amenities such as garages and open parking, as well as an on-site
laundry facility. This property presents a value-add opportunity with significant
rental upside, making it an attractive investment for savvy buyers.
Additionally, the property offers the opportunity to convert the garages into
an Additional Dwelling Unit (ADU), further increasing the rental income
potential. The buyer must verify this possibility with the City of Santa Ana
to ensure compliance with local zoning and building regulations.
Its prime location is just 1.10 miles from Downtown Santa Ana and the lively
4th Street Market, providing tenants with easy access to local businesses,
dining, and nightlife. Additionally, the property is within 1.80 miles of
Santa Ana College, appealing to students and faculty. With close proximity
to the 5 Interstate, residents can conveniently connect to major employment
hubs across Orange and Los Angeles Counties.