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 2 hours ago
  • CRMLS last updated this listing 3 months ago
Go Tour Nearby Homes of 1408 N Broadway St, Santa Ana

Property History

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 26 properties listed for sale in ZIP code 92706 and 173 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 349% above the current $539,888 median price for Santa Ana and 237% above the median of $719,900 for 92706. Of the 173 properties for sale in Santa Ana, 130 are single family homes and 43 are condos. 1408 N Broadway St is a multi family home that is approximately 9,864 square feet, 632% above the Santa Ana median of 1,347 and 403% above the 92706 ZIP code median of 1,962. The price per Sqft was $246 which is 34% below the current median price in 92706 of $374 and 31% below the Santa Ana median of $359 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 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 40 with a median list price of $539,888 and median cost per square foot of $359. Its current status is sold under the MLS #PW16123026.

View active properties and off-market properties in this area. Or connect with a top-rated Movoto agent to learn about Santa Ana market trends and find homes like this one.
Movoto
Santa Ana Agent

I'm happy to give you a quick call to answer all your questions about this home and schedule a tour.