2313 Franzen Ave - Apartments FOR SALE


Santa Ana, CA 92705
$1,710,000 USD
909-590-8853
2313 Franzen Ave, Santa Ana, CA for Sale
$1,710,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

2313 Franzen Ave
Santa Ana, CA 92705


OVERVIEW

Welcome to 2313 Franzen Avenue, a meticulously maintained Covington style 4-plex located in the heart of Northeast Santa Ana. This exceptional property, bordering North Tustin and Orange, is a prime investment opportunity nestled within the highly sought-after Orange Unified School District boundaries. With easy access to the 55 and 22 freeways, as well as plenty of shopping and rapid transit nearby, convenience is just an added bonus to this property. The charming residential architecture at 2313 Franzen Avenue has been brought to life with modern maintenance and care. The strategic unit mix has been in high demand since its inception, and this property is no exception. The Franzen Avenue 4-plex boasts an attractive mix of units: one spacious 3-bedroom, 1.75-bath unit, two comfortable 2-bedroom, 1-bath units, and one cozy 1-bedroom, 1-bath unit. Each unit is thoughtfully designed with balconies for the upstairs units and patios for the downstairs units, providing residents with outdoor spaces to relax and enjoy. Financially, 2313 Franzen Avenue is a standout. With a current annual income of $94,880, new owners will find that there ample opportunity to reach market levels. This turnkey apartment building offers stable and impressive returns right from the start. The location, charm, and income potential of this property make it a standout choice for any investor. The high demand for such unit mixes ensures low vacancy rates and long-term desirability. Whether you are a seasoned investor or new to the market, 2313 Franzen Avenue is an opportunity that cannot be missed. I invite you to come see all that 2313 Franzen Avenue has to offer you!

FOR SALE DETAILS

PRICE

$1,710,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

4

PRICE/UNIT

$427,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

396-131-35

ASK ABOUT THIS PROPERTY

Giuseppe NapoliRe/Max InnovationsMore Info
909-590-8853

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Giuseppe NapoliRe/Max InnovationsMore Info
909-590-8853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.