1212 North Broadway

Santa Ana, CA 92701

$11,000,000
Price
3
Beds
40
Baths
20,780 Sq. Ft.
$529 / Sq. Ft.
20,780
Sq. Ft.
$529
per Sq. Ft.

Description

The offering comprises 1212 North Broadway, a completely remodeled 30-unit building, as well as 300 West Washington Boulevard, a large 0.48-acre parking lot on a separate parcel that is partially leased to a neighboring school and generates significant income. Currently operated as VRBO short-term rentals, 1212 North Broadway offers a new investor the unique opportunity to reposition a pride-of-ownership asset. The building boasts a memorable New Orleans-style facade that leads to a stunning courtyard,...The offering comprises 1212 North Broadway, a completely remodeled 30-unit building, as well as 300 West Washington Boulevard, a large 0.48-acre parking lot on a separate parcel that is partially leased to a neighboring school and generates significant income. Currently operated as VRBO short-term rentals, 1212 North Broadway offers a new investor the unique opportunity to reposition a pride-of-ownership asset. The building boasts a memorable New Orleans-style facade that leads to a stunning courtyard, two stories of virtually brand new apartments, and a separate 500-square foot office. The apartment building offers 20 one-bed/one-baths and 10 two-bed/two-baths, each with in-unit laundry, mini splits, new appliances, modern baths, and upgraded finishes. The apartments’ enviable interiors are poised to attract a strong tenant base; well-located in the heart of Santa Ana near the city’s historic downtown and Orange County’s civic center, 1212 North Broadway is within walking distance of major employers, schools, including the OC School of the Arts, and the upcoming OC Streetcar line set to open in 2025.
  1. Listed by Steven Bogoyevac • DRE #01332755 • Brokerage DRE #01332755 • Steven M. Bogoyevac, Broker • steve.bogoyevac@marcusmillichap.com
  2. Listed by David O'Keefe • DRE #01928739 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 1212 North Broadway

Parking Spaces Total
77
Private Pool
No
Total Units
30.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
20780
Assessor Parcel Number
398-541-13
Property Attached YN
false
LISTING UPDATED: 10/21/2024 06:44 AM

Property Details for 1212 North Broadway

StatusActive
MLS #PW24218111
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1976
Lot Size1.37 AC / 59,497 SF
CountyOrange County

Building Information for 1212 North Broadway

Stories2Residences-Year Built1976Building Size-Lot Size1.37 AC / 59,497 SF

Property Information for 1212 North Broadway

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $760,016
  • Cap Rate: 6.91
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 309
  • Tax Census Tract: 750.03
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 398-541-10
  • Lot Features: Lot Over 40000 Sqft
  • Number Of Units: 30
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 77
  • Open Other Spaces Total: 77
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 20
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,637
  • Unit Type Total Rent: $52,740
  • Unit Type Pro Forma: 2637
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,145
  • Unit Type Total Rent: $31,450
  • Unit Type Pro Forma: 3145
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 30
  • Number Of Separate Gas Meters: 30
  • Number Of Separate Water Meters: 0

Property History for 1212 North Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1212 North Broadway

Taxable ValueLand$504,854Additions$1,699,449Total$2,204,303
Tax Record2024$32,400 ($2,700 / month)
Home Facts
Total Finished SqFt20,000 SqFtAbove Grade Finished SqFt20,000 SqFtLot Size17,775 SqFtStyleMulti-Family Dwelling (2-4)Year Built1972CountyORANGEAPN398-541-13

Schools near 1212 North Broadway

This home is within Santa Ana Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Heroes Elementary School
PublicK to 5

Willard Intermediate School
Public6 to 8

Santa Ana High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1212 North Broadway is a mixed use property for sale in Santa Ana, CA 92701. This property was listed for sale on October 21, 2024 by Steven M. Bogoyevac, Broker, it's currently listed at $11,000,000. This listing's school district is Santa Ana Unified School District. Nearby schools include Heroes Elementary School, Willard Intermediate School and Santa Ana High School. 1212 North Broadway is a 3-bed, 40-bath, 20,780 sqft mixed use property built in 1976.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755; Marcus & Millichap, David O'Keefe, DRE #01928739

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.