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$1,700,000

Est. payment - /mo

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8,276 Sqft Lot

Active

2244 Franzen AVE Santa Ana, CA 92705

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Karen Anderson

The Prestige Team - KW

karen@prestigeteamhomes.com +1(310) 251-2883

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25064453

HOA Y/N No

Year Built 1969

Lot Size 8,276 Sqft

Property Sub-Type Quadruplex

Property Description

Amazing Investment property located in North East Santa Ana, bordering North Tustin and Orange. The property is located less than 2 miles from both CHOC and St Joseph's Hospitals with high rental demand. This family neighborhood is also close to the 55, 22 and 5 freeways. The Covington style 4-plex's unique unit mix has been coveted since it's inception. The front unit is a spacious 3-bedroom/1.75 bath (over 1,400 sq ft)/ There are also two comfortable 2-bed/1.75 bath units and one cozy 1-bedroom/1 bath unit. The upstairs units both have balconies, and the downstairs units have private enclosed patios. All units are individually metered for electricity and have their own private enclosed garage. The building offers 4213 sq feet of living space on a 8,276 square foot lot. The roof was replaced in 2024. The current annual income is approx. $93,000, giving any investor the possibility of stable and impressive returns right away. The uniqueness, charm, desirability and location of this 4 unit investment property ensure low vacancy rates and long-term desirability. This is a rare investment opportunity in a highly desirable area, one that doesn't come around often. Don't miss out! Listing Agent is related to the owner.

Location

State CA

County Orange

Area Nts - North Tustin

Interior

Interior Features Balcony, Ceiling Fan(s), Storage, Solid Surface Counters, Tile Counters, Unfurnished

Heating Central, Forced Air, Fireplace(s)

Cooling Central Air

Flooring Carpet, Laminate, Tile

Fireplaces Type Family Room, Gas, Gas Starter

Fireplace Yes

Appliance Built-In Range, Double Oven, Dishwasher, ENERGY STAR Qualified Water Heater, Electric Oven, Disposal, Gas Water Heater, Range Hood, Self Cleaning Oven, Water To Refrigerator, Water Heater

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

Fence Average Condition

Pool None

Community Features Curbs, Street Lights, Suburban, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard, Sprinklers In Front, Lawn, Landscaped, Sprinklers Timer, Sprinkler System, Street Level, Trees

Faces South

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 39613144

Energy Description 2992.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Listed by Vera Quinlan • Newcastle Realty • 661-755-6376

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Karen Anderson

Broker Associate | License ID: 01224307

+1(310) 251-2883

2244 Franzen AVE Santa Ana, CA 92705

Karen Anderson

Key Details

Location

Interior

Exterior

Building

Others

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2244 Franzen AVE