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2318 Franzen Ave 4 Unit Apartment Building $2,312,387 CAD ($578,097 CAD/Unit) 4.33% Cap Rate Santa Ana, CA 92705
Investment Highlights
- Exterior Recently Repainted
- Additional income from laundry facilities
- 4 Unit Apartment Building
- All units with private patios/decks
- Separately Metered for Gas & Electric
- New Vinyl Windows
Executive Summary
Great opportunity to own a well-maintained 4-plex. The property consists of 1 3-bedroom 2 bath unit, 2 2-bedroom 2 bath units and a spacious 1-bedroom 1 bath unit. The 3-bedroom unit was just vacated, and the seller used the opportunity to fully refresh the space with a new kitchen, updated bathrooms, mirrored wardrobe closets, a new sliding door, and new flooring throughout thus positioning a new owner to maximize the unit’s rental potential. Other recent improvements include new dual pane vinyl windows throughout and the recently painted exterior. PLEASE DO NOT DISTURB TENANTS. UNITS TO BE TOURED WITH ACCEPTED OFFER.
Property Facts
| Price | $2,312,387 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $578,097 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.33% | Building Size | 4,181 SF |
| Gross Rent Multiplier | 14.98 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1969 |
| Property Type | Multifamily | Parking Ratio | 1.67/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,312,387 CAD |
| Price Per Unit | $578,097 CAD |
| Sale Type | Investment |
| Cap Rate | 4.33% |
| Gross Rent Multiplier | 14.98 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,181 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.67/1,000 SF |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Kitchen
- Oven
- Range
- Tub/Shower
- Patio
Site Amenities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $4,707 CAD | - |
| 2+2 | 2 | $2,769 CAD | - |
| 1+1 | 1 | $2,393 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Property Taxes
| Parcel Number | 396-131-39 | Improvements Assessment | $247,057 CAD |
| Land Assessment | $2,157,707 CAD | Total Assessment | $2,404,764 CAD |
Property Taxes
Parcel Number
396-131-39
Land Assessment
$2,157,707 CAD
Improvements Assessment
$247,057 CAD
Total Assessment
$2,404,764 CAD
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2318 Franzen Ave
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