1408 N Broadway St
Santa Ana, CA 92706

Bd   — Ba   9,864 Sqft
A rare investment opportunity in Santa Ana, this 1920' s era Spanish-style property has old-world character complimented with extraordinary investment dynamics. The Broadway Property is on the Santa Ana Historical properties list and is located on a low-density street surrounded by affluent professional offices, similar high-character apartments, and an adjoining vacant parcel. Capital improvements include copper plumbing, upgraded windows, upgraded ducting, and recent exterior painting. The interiors welcome tenants with hardwood and tile flooring, a large living room, and a separate bathtub and shower. All twelve one-bedroom units average 800+ sq. ft. and long term tenants have kept rents low at an average of $1,050. Two June '16 vacancies were rented for $1,295 (without adding improvements), proving the business plan of raising rents to substantially increase cash flow.
  • Neighborhood: Willard
  • Days on Movoto: 176
  • Year Built: 1929
  • HOA:
  • $/Sqft: $246
  • Lot: 12,245 Sqft
  • Property Type: Multi Family
  • MLS#: PW16123026
  • MLS:
  • Listing Office: Investment Property Group
  • Listed By: Gary Tolfa
  • Movoto last checked CRMLS for new data 10 hours ago
  • CRMLS last updated this listing 2 months ago
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Property History for 1408 N Broadway St, Santa Ana

Status
Date
Price
Sold
Nov 30, 2016
$2,425,000
Pending
Sep 8, 2016
Listed
Jun 7, 2016
$2,425,000
#PW16123026
As of today, there are 33 properties listed for sale in ZIP code 92706 and 188 properties listed for sale in the city of Santa Ana, CA. This property at 1408 N Broadway St in 92706 was last listed for $2,425,000. This is 345% above the current $545,000 median price for Santa Ana and 228% above the median of $739,000 for 92706. Of the 188 properties for sale in Santa Ana, 132 are single family homes and 56 are condos. 1408 N Broadway St is a multi family home that is approximately 9,864 square feet, 611% above the Santa Ana median of 1,388 and 419% above the 92706 ZIP code median of 1,900. The price per square foot was $246 which is 34% below the current median price in 92706 of $371 and 32% below the Santa Ana median of $362 per square foot.
Built in 1929, this multi family house at 1408 N Broadway St, Santa Ana CA, 92706 is approximately 9,864 square feet and comes with 11 parking spots. It was last listed for $2,425,000 with a cost per Sqft of $246. 1408 N Broadway St is located in the Willard neighborhood in the Santa Ana Unified School District. The closest school is Willard Intermediate School.

1408 N Broadway St, Santa Ana CA, 92706 was on the market for 176 days. The median days on the market for properties in this area is 45 with a median list price of $545,000 and median cost per square foot of $362. Its current status is sold under the MLS #PW16123026.

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