
Santa Ana, California 92707
Analysis of 1405 S Broadway, Santa Ana, California 92707 is currently available with a list price of $1,535,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Santa Ana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While built in 1951, the property is described as a turnkey asset with remodeled and upgraded units, specifically highlighting updated kitchens. Exterior images show well-maintained stucco and newer vinyl windows. Systems appear functional with separately metered utilities and a modern, seismic-strapped water heater, fitting the criteria for a well-maintained, move-in ready investment.
The property generates a robust $9,450 monthly income with the rare advantage of separately metered electric, gas, and water, significantly minimizing landlord operating expenses and maximizing net cash flow.
The free-standing garages offer a significant value-add opportunity for conversion into two additional dwelling units (ADUs), providing a clear path to increase density, rental income, and overall property valuation.
Fully occupied with remodeled units in the historic Wilshire Square area, this asset ensures immediate passive income and perpetual tenant demand due to its proximity to Downtown Santa Ana and major freeway corridors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6150.
The assigned middle school carries a low rating of 2, which may deter family-oriented tenants and potentially limit long-term appreciation compared to areas with higher-rated educational facilities.
Built in 1951, the property may possess aging structural or mechanical systems that could require significant capital expenditures for maintenance or upgrades, despite recent cosmetic improvements.
Unbeatable Cash-Flow Fourplex in Santa Ana’s Historic Wilshire Square! This turnkey asset is built for maximum passive income, generating a strong $9,450 per month ($113,400 annually) with a high cap rate that outperforms comparable local multifamily investments. Operating expenses stay extremely low thanks to separately metered electric, gas, and water utilities. The fully occupied property features a high demand unit mix consisting of a remodeled downstairs 2-bedroom/1-bath unit leasing for $2,800 per month, an upgraded upstairs 2-bedroom/1-bath unit leased at $2,650 per month, and two 1-bedroom/1-bath units (featuring updated kitchens) leased at $2,000 per month each. An on site shared laundry room provides added tenant convenience and extra income potential. Huge potential would be converting the garages into 2 ADU's since the garages are free standing to increase the income and building value!!! Positioned just minutes from Downtown Santa Ana, Main Street dining, Bowers Museum, and Santa Ana College, with rapid access to the 5, 55, and 22 freeways, this high performing cash cow ensures rock solid, perpetual tenant demand. Rare opportunities like this don't stay on the market long act fast! Drive by only, please do not disturb tenants.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.3 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,272 | 3,375 |
| Lot Size | 6,098 | 32,619.333 |
| Price | $1.53M | $2.32M |
| Price per sq ft | $469 | $914 |
| Built year | 1951 | 1976 |
| HOA | $0 | $476 |
| Days on market | 36 | 118 |
Aug 4, 2026
$1,535,000
Initial Listing
Jun 24, 2024
$1,445,000
Public Record
Nov 16, 2012
$550,000
Public Record
May 30, 2002
$389,000
Public Record
Aug 3, 1995
$270,000
Public Record