313 South Broadway

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Address: 313 S Broadway, Santa Ana, CA 92701, USA

California & West + Apartment Buildings

Created date: January 19, 2024

Date last updated: December 2, 2024

Strong Santa Ana Rental Market
True Stabilized Asset
Individually Metered for Gas and Electricity
Nicely Landspaced
Low Cost of Ownership
Seasoned Tenant Roster
Previous Rent Increases August 2019

Property Description

The Broadway Apartments presents a new investor the opportunity to capitalize on a stabilized asset that is insulated from the effects of rent control due to the fact that the current owner has stayed up-to-date with market rate rents. The building is individually metered for Gas and Electricity, it does not have a house meter for either. This keeps the expenses low and minimizes surprises for a new owner. The Broadway Apartments has a seasoned tenant roster with the oldest tenant dating back to 2007 and tenants enjoy the buildings nicely maintained grounds. The buildings have newer dual-pane vinyl windows, pitched roofs, and ample parking with four garage spaces and two open spaces.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,399,000
No. of Units:	5
Average Occupancy:	4.43
Year Built:	1955
Lot Size:	0.14 Sq ft
Opportunity Zone:	No
Price per unit:	$279,800
Property Website	Click Here