2313 Franzen AVE Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92705
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,213 sqft
Price per Sqft $405
MLS Listing ID CV24135006
Construction Status Turnkey
HOA Y/N No
Year Built 1969
Lot Size 7,405 Sqft
Acres 0.17
Property Description
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!
Location
State CA
County Orange
Area Nts - North Tustin
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Central
Cooling Central Air,Wall/Window Unit(s)
Flooring Carpet,Laminate,Tile
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Fence Good Condition,Vinyl
Pool None
Community Features Curbs,Gutter(s),Storm Drain(s),Street Lights,Suburban,Sidewalks
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
View Y/N Yes
View Neighborhood
Total Parking Spaces 7
Private Pool No
Building
Lot Description Front Yard,Near Public Transit,Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 39613135
Energy Description 2225.0
Acceptable Financing Cash to New Loan,1031 Exchange
Listing Terms Cash to New Loan,1031 Exchange
Special Listing Condition Standard