1405 S Broadway, Santa Ana, California 92707, Santa Ana, 92707 - 0 bed, 0 bath
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Santa Ana, California 92707
This Income-Producing Quadruplex in historic Wilshire Square is a turnkey asset listed at $1,535,000, representing a stable valuation relative to its $1,419,578 Fair Market Value. The property’s Good Condition Rating is supported by recent renovations and separately metered utilities, which minimize owner expenses. With a projected $9,800 monthly income and proximity to Saddleback High School, the asset ensures consistent rental demand and a strong ROI. This high-performing property is an ideal acquisition for Buy-and-Hold Investors or Multi-family Specialists seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1405 S Broadway Subject | $1,535,000* List Price | 0 | 0 | 3,272 | $434 | - |
A 1911 Cypress Pending | $1,295,000 List Price | 7 | 3 | 2,887 | $449 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1951, the property is in move-in ready condition with significant recent updates. The listing highlights one recently remodeled unit, another currently being upgraded, and a third with a newly updated kitchen. The exterior and common areas appear well-maintained, and the presence of separately metered utilities and updated interiors aligns with the 'Good' classification for a vintage multi-family investment.
The property offers a high cap rate with a projected monthly income of $9,800 and low owner expenses due to separately metered utilities.
Located in the sought-after Wilshire Square neighborhood, the property benefits from proximity to Downtown Santa Ana, cultural landmarks, and major freeway access.
With one unit currently vacating and others recently remodeled, investors can immediately capture market-rate rents and optimize the unit mix.
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.
Built in 1951, the property may necessitate higher long-term maintenance costs or capital expenditures for aging systems compared to newer multifamily assets.
The 'drive-by only' requirement limits a buyer's ability to perform a comprehensive physical assessment of all units prior to submitting an offer.
Exceptional Investment Opportunity in Santa Ana’s Historic Wilshire Square. This fully occupied fourplex offers strong, stable cash flow with projected rental income of approximately $9,800 per month and a high cap rate that outperforms many comparable multifamily investments in the area. With separately metered utilities, owner expenses remain low while a reliable tenant base provides immediate income from day one—making this an ideal opportunity for both seasoned investors and those entering the multifamily market. The property features a well-balanced unit mix consisting of two spacious 2-bedroom/1-bath units and two efficient 1-bedroom/1-bath units. The recently remodeled downstairs 2-bedroom unit rents for $2,800 per month, while the upstairs 2-bedroom unit is currently being upgraded and projected to lease for $3,000 per month once complete. Both 1-bedroom units are leased at $2,000 per month each, with one unit featuring a newly updated kitchen. One unit is currently vacating, creating the opportunity to secure the new $3,000 lease and increase total monthly income from $9,300 to approximately $9,800. A shared on-site laundry room provides added convenience for tenants and potential additional revenue for ownership. Location is another key advantage. Positioned within the desirable and historic Wilshire Square neighborhood, the property offers convenient access to many of Santa Ana’s most recognized destinations including the Bowers Museum, Santa Ana Zoo, Santa Ana College, and Mater Dei High School. Residents also enjoy the vibrant cafés, restaurants, and cultural scene of Downtown Santa Ana and the Main Street corridor, all just minutes away. Easy access to the 5, 55, and 22 freeways enhances commuter convenience and supports consistently strong rental demand. Blending historic neighborhood charm with urban accessibility, this fourplex presents a compelling opportunity to secure a well-performing income property in one of Santa Ana’s steadily revitalizing areas. 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,272 | 2,887 | 55% |
| Lot Size | 6,098 | 6,098 | 50% |
| Price | $1.53M | $1.19M | 64% |
| Price per sq ft | $469 | $448 | 73% |
| Built year | 1951 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 184 | 9% |
Mar 6, 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