17
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$2,250,000
Est. payment /mo
8,800 SqFt
Pending
1810 S Broadway Santa Ana, CA 92707
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 8,800 sqft
Price per Sqft $255
MLS Listing ID CRGD25176671
HOA Y/N No
Year Built 1987
Lot Size 9,148 Sqft
Acres 0.21
Property Sub-Type Other
Property Description
1810 S Broadway presents a rare opportunity to acquire a well-located, value-driven 8-unit apartment building in the heart of Santa Ana. Built in 1987 and offered at just $255 per square foot, this asset delivers immediate income and long-term upside in one of Orange County's most dynamic rental markets. Each unit boasts over 1,000 square feet of living space, configured as 3-bedroom, 1-bathroom floor plans with oversized private balconies nearing 250 SF-a feature rarely found in comparable product. The property offers ample parking with 17 on-site spaces, allowing each unit to have two dedicated spaces, a highly attractive amenity for tenants. With a seasoned, long-term tenant base, the property enjoys zero vacancy and historically low turnover, fostering a tight-knit community feel. The asset currently operates at an attractive 11 GRM and 5.5% cap rate, with rents below market and room for growth through strategic renovations or repositioning. While the property is performing well operationally, the building would benefit from continued maintenance, systems upgrades and cosmetic improvements. This is an ideal acquisition for investors seeking a stable, seasoned tenant base with immediate cash flow, below-market rents, and multiple paths to value creation. Don't miss this rare c
Location
State CA
County Orange
Zoning C-1
Interior
Fireplace No
Laundry Other
Building
Lot Description Level, Other
New Construction No
Others
Tax ID 01505215
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Listed by Kirk Garabedian • Keller Williams R. E. Services
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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