313-317 S Broadway 5 Unit Apartment Building $1,813,019 CAD ($362,604 CAD/Unit) 5.31% Cap Rate Santa Ana, CA 92701

The subject property features an extremely desirable unit mix of three, 2-bedroom and two, 1-bedroom units. Situated on a 6,100 square foot lot, the property offers 4 single car garage spaces, a large storage unit for additional income, private balconies for the upstairs units, mini split AC systems and is separately metered for gas and electric. Additionally, the large storage unit can be converted to an ADU and already has utility lines running to this space to make for an easier conversion.
The South Broadway Apartments are extremely well located in the strong Santa Ana rental market and just minutes off the 5 and 55 Freeway. The proximity to the freeways will allow tenants to access the greater Orange County and Los Angeles areas quickly and easily. The property is within walking distance of Downtown Santa Ana, which offers residents a variety of shopping, dining, entertainment and occupational opportunities. Additionally, the South Broadway Apartments is conveniently located near many educational institutions such as Santa Ana High School and Lowell Elementary School.