2313 Franzen Avenue

Santa Ana, CA 92705

$1,710,000
Price
8
Beds
5
Baths
4,213 Sq. Ft.
$406 / Sq. Ft.
4,213
Sq. Ft.
$406
per Sq. Ft.

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...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!

Property Details for 2313 Franzen Avenue

View
Neighborhood
Parking Spaces Total
7
Private Pool
No
Cooling Type
Central Forced Air, Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4213
LISTING UPDATED: 07/03/2024 11:34 PM

Property Details for 2313 Franzen Avenue

StatusActive
MLS #CV24135006
Days on Market112
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.17 AC / 7,405 SF
CountyOrange County

Building Information for 2313 Franzen Avenue

Stories2Residences-Year Built1969Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 2313 Franzen Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $94,880
  • Gross Scheduled Income: $94,880
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $99,283
  • Net Operating Income: $61,330
  • Current Financing: None
Expense Details
  • Operating Expense: $33,550
  • Fuel Expense: $2,225
  • Electric Expense: $375
  • Insurance Expense: $2,100
  • Trash Expense: $1,800
  • Water Sewer Expense: $4,900
  • Total Expenses: $10,600
Tax / Assessment Info
  • Tax Tract Number: 6678
  • Tax Census Tract: 757.01
  • CFD/Mello-Roos Fee: $1,035
  • Tax Lot: 8
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Room Type: Living Room
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating Type: Central
  • Heating: Central
  • Flooring: Carpet, Laminate, Tile
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Entry Location: Ground
  • Fence: Yes
  • Fence: Vinyl
  • Fencing: Good Condition, Vinyl
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard, Near Public Transit, Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,374
  • Unit Type Total Rent: $1,374
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,949
  • Unit Type Total Rent: $1,949
  • Unit Type Pro Forma: 2710
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,954
  • Unit Type Total Rent: $1,954
  • Unit Type Pro Forma: 2710
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,629
  • Unit Type Total Rent: $2,629
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 2313 Franzen Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2313 Franzen Avenue

Taxable ValueLand$1,485,691Additions$265,302Total$1,750,993
Tax Record2024$19,587 ($1,632 / month)
Home Facts
Total Finished SqFt4,213 SqFtAbove Grade Finished SqFt4,213 SqFtStories2Lot Size7,560 SqFtStyleQuadraplexYear Built1969CountyORANGEAPN396-131-35

Schools near 2313 Franzen Avenue

This home is within Orange Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
La Veta Elementary School
PublicK to 6

Ousd Community Day School
Public7 to 12

El Modena High School
Public9 to 12

McPherson Magnet School
PublicK to 8

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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2313 Franzen Avenue is a multi-family home for sale in Santa Ana, CA 92705. This property was listed for sale on July 1, 2024 by RE/MAX INNOVATIONS, it's currently listed at $1,710,000. It has been on the market for a total of 112 days and was last sold on June 15, 2021. This listing's school district is Orange Unified School District. Nearby schools include La Veta Elementary School, Ousd Community Day School and El Modena High School. 2313 Franzen Avenue is a 8-bed, 5-bath, 4,213 sqft multi-family home built in 1969.

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 RE/MAX INNOVATIONS, Joe Napoli, DRE #01279689

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.