1405 S Broadway, Santa Ana, California 92707, Santa Ana, - bed, bath

home-pic
ACTIVE$1,595,000
1405 S Broadway, Santa Ana, California 92707
0Bed
0Bath
3,272Sqft
6,098Lot
Year Built
1951
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25244242
Home ConditionFair
Features
Good View:
View-

About this home

Prime 4-Unit Investment Property in Wilshire Square – Strong Rents & Excellent Location. Welcome to 1405 S Broadway, an exceptional opportunity to own a fully-rented fourplex in the charming and historic Wilshire Square neighborhood of Santa Ana. This income-generating property consists of four separately metered units (gas and electric), offering a solid return with minimal owner expenses. Unit Breakdown: (2) Two-Bedroom, One-Bath Units Downstairs 2BR: $2,800/month – Recently remodeled by previous owner Upstairs 2BR: $2,500/month – Well-maintained with long-term potential (2) One-Bedroom, One-Bath Units Downstairs 1BR: $2,000/month – Features a newly remodeled kitchen Upstairs 1BR: $2,000/month – Strong rent with consistent tenant demand Total Monthly Rental Income: $9,300 A shared laundry room adds convenience for tenants and potential additional income for the owner. Situated in the desirable Wilshire Square area, this property is surrounded by a blend of residential charm and urban accessibility. Tenants enjoy proximity to top local amenities, including: Bowers Museum and Santa Ana Zoo – Just minutes away Walkable dining and coffee shops along Main Street and nearby Downtown Santa Ana Close to Santa Ana College and Mater Dei High School Easy access to freeways (5, 55, 22) – perfect for commuting professionals Whether you're a seasoned investor or looking to enter multi-family ownership in a high-demand rental market, 1405 S Broadway offers immediate cash flow with long-term upside potential. Santa Ana's continued revitalization and strong rental demand make this a strategic addition to any portfolio. Don't miss this turnkey 4-unit investment in a high-demand rental corridor of Orange County. Drive by only, do not disturb the tenants.

Nearby schools

5/10
Martin Elementary School
Public,K-50.5mi
2/10
Julia C. Lathrop Intermediate School
Public,6-80.3mi
3/10
Gerald P. Carr Intermediate School
Public,6-81.5mi
6/10
Saddleback High School
Public,7-121.4mi

Price History

Date
Event
Price
10/21/25
Listing
$1,595,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (12 Listings)
Beds00
Baths00
Square foot3,2723,272
50%
Lot Size6,0986,969
46%
Price$1.59M$1.16M
69%
Price per square foot$487$430
69%
Built year19511958
23%
HOA
Days on market14137
8%
Condition Rating
Fair

The property was built in 1951, making it over 70 years old. While the listing mentions that the 'Downstairs 2BR' unit was 'recently remodeled' and the 'Downstairs 1BR' unit features a 'newly remodeled kitchen,' indicating good condition for those specific areas, the other two units are only described as 'well-maintained' or having 'strong rent,' implying they are not recently updated. The exterior appears well-maintained with newer windows, but the overall age of the building and the partial nature of the renovations suggest a mixed condition. It's aged but maintained with occasional updates, and some components may show signs of being outdated in the non-renovated units, fitting the 'Fair' category rather than 'Good' which implies extensive renovation across the property.
Pros & Cons

Pros

High Rental Income & Occupancy: The property boasts a robust total monthly rental income of $9,300 with all four units currently occupied, ensuring immediate and strong cash flow for an investor.
Strategic Investment Type: As a fully-rented quadruplex in a high-demand rental market, this property offers a proven income-generating asset with significant long-term upside potential in a growing Orange County corridor.
Desirable & Accessible Location: Situated in the charming Wilshire Square neighborhood, tenants benefit from excellent proximity to cultural attractions, walkable dining, educational institutions, and major freeway access (5, 55, 22).
Minimized Owner Expenses: All four units are separately metered for gas and electric, significantly reducing owner utility expenses and simplifying property management.
Unit Modernization & Appeal: Specific units have undergone recent remodels, including a newly remodeled kitchen and other updates, enhancing tenant appeal and maintaining competitive rental rates.

Cons

Advanced Property Age: Built in 1951, the property's age may indicate potential for older infrastructure, systems, or deferred maintenance that could require future capital expenditures.
Restricted Pre-Offer Due Diligence: The 'drive by only, do not disturb tenants' instruction limits a buyer's ability to conduct comprehensive pre-offer inspections, potentially obscuring unseen issues or necessary repairs.
Varied Unit Condition: While some units are noted as remodeled, the description implies others are 'well-maintained' or 'strong rent with consistent tenant demand,' suggesting potential inconsistency in overall unit condition or age of finishes across the property.

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