
Santa Ana, California 92701
Turn-key investment opportunity in Santa Ana’s desirable French Park neighborhood! This 4-unit property, including a fully permitted ADU, currently generates approximately $11,954/month, with a pro forma of approximately $12,900/month. All units have been extensively remodeled with updated kitchens, bathrooms, flooring, paint, and partial plumbing and electrical upgrades. Unit mix includes a 2 bed/2 bath + den, 3 bed/2 bath, 1 bed/1 bath, and 2 bed/1 bath. The front unit also features in-unit laundry, a basement, and private backyard. Three units have separate electric meters, and three are rented fully furnished. New appliances and furnishings are included with the sale. Seller has obtained permits for an additional ADU to be built.
Property is new construction or fully renovated.
Although built in 1917, the property is described as a turn-key investment that has been extensively remodeled. All units feature updated kitchens, bathrooms, flooring, and paint, along with partial plumbing and electrical upgrades and new appliances, indicating a recent renovation within the last 5 years.
The property generates a robust $11,400 in monthly revenue and has been extensively remodeled with updated kitchens, bathrooms, and flooring, offering an immediate return with minimal initial CAPEX.
The inclusion of obtained permits for an additional ADU provides a rare and immediate opportunity for the buyer to increase density and boost the pro-forma income to $12,900 or more.
Located in the desirable French Park neighborhood, this quadruplex benefits from high tenant demand and a diverse unit mix, including a large 3-bedroom unit and a front unit with a private backyard.
Built in 1917, the property may present long-term maintenance challenges inherent to historic structures, despite the recent partial plumbing and electrical upgrades.
Only three of the four units have separate electric meters, which may lead to higher owner-paid utility expenses or administrative complexity in billing tenants for shared services.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.1 |
| Square foot | 3,462 | 2,241.667 |
| Lot Size | 8,276 | 23,123.25 |
| Price | $1.70M | $972.9K |
| Price per sq ft | $491 | $457 |
| Built year | 1917 | 1957 |
| HOA | $0 | $438 |
| Days on market | 44 | 79 |
Sep 11, 2026
$1,699,000
Initial Listing
May 21, 2024
$1,630,000
Public Record
Jul 30, 2021
$1,190,000
Public Record
Mar 7, 2001
$230,000
Public Record