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: $0 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 1 hour ago
  • CRMLS last updated this listing 6 months ago

Home Features for 1408 N Broadway Street, Santa Ana

Overview
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Property History for 1408 N Broadway Street, Santa Ana

Status
Date
Price
Sold
Nov 30, 2016
$2,425,000
Pending
Sep 8, 2016
Listed
Jun 7, 2016
$2,425,000
#PW16123026
1408 N Broadway St is a multi family home located in 92706 in Santa Ana, CA. It was last listed for $2,425,000, which is 257% above the current market median of $680,000 in 92706 and 341% above the market median of $550,000 in Santa Ana. 1408 N Broadway St is approximately 9,864 square feet, which is 622% above the median size in Santa Ana of 1,367 square feet and 426% above the median size in 92706 of 1,877 square feet. This property's price per square foot was $246, which is 36% below the current median in 92706 of $386 and 33% below the Santa Ana median of $365. As of today, , there are 46 properties listed for sale in ZIP code 92706 and 249 properties listed for sale in the city of Santa Ana. Of those 249 properties, there are 169 single family houses and 80 condos.
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 53 with a median list price of $550,000 and median cost per square foot of $365. Its current status is sold under the MLS #PW16123026.

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