421 South Broadway

Santa Ana, CA 92701

$879,000
Price
3
Beds
3
Baths
1,660 Sq. Ft.
$530 / Sq. Ft.
1,660
Sq. Ft.
$530
per Sq. Ft.

Description

This turnkey duplex has seasoned tenants who have been there for a long time. The front unit is 1 bed 1 bath, and the rear unit is 2 beds 2 baths. All 3 bathrooms were renovated last year. The rear tenant is a licensed general contractor so he can take care of any maintenance items quick and easy. For the seller, ownership has been virtually hassle free. The detached 2 car garage has electrical, water, and sewer lines - good for ADU conversion. Lots of upside in proforma rent as well as possible...This turnkey duplex has seasoned tenants who have been there for a long time. The front unit is 1 bed 1 bath, and the rear unit is 2 beds 2 baths. All 3 bathrooms were renovated last year. The rear tenant is a licensed general contractor so he can take care of any maintenance items quick and easy. For the seller, ownership has been virtually hassle free. The detached 2 car garage has electrical, water, and sewer lines - good for ADU conversion. Lots of upside in proforma rent as well as possible ADU play for seasoned investors. 4 parking spots on site, minutes to shopping, freeways, and schools, including Santa Ana College, Main Place Mall, The Block at Orange, and CHOC Hospital. Recent appraisal supports asking price.
  1. Listed by Tri Doan • DRE #01797047 • Brokerage DRE #01910428 • Morningstar Rlty & Associates • 714-272-8356

Property Details for 421 South Broadway

Parking Spaces Total
2
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1660
Assessor Parcel Number
398-293-06
Property Attached YN
false
LISTING UPDATED: 08/28/2024 07:30 AM

Property Details for 421 South Broadway

StatusActive
MLS #PW24156818
Days on Market93
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1919
Lot Size0.14 AC / 6,098 SF
CountyOrange County

Building Information for 421 South Broadway

Stories1Residences-Year Built1919Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 421 South Broadway

Income / Expense / Tax Details
Income Details
  • Gross Income: $51,600
  • Gross Scheduled Income: $51,600
  • Net Operating Income: $45,000
Expense Details
  • Operating Expense: $6,600
  • Fuel Expense: $900
  • Electric Expense: $2,400
  • Insurance Expense: $1,500
  • Trash Expense: $900
  • Water Sewer Expense: $900
  • Total Expenses: $6,600
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: 730
  • Tax Census Tract: 746.01
  • CFD/Mello-Roos Fee: $525
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
Exterior Features
  • Entry Location: Front & Rear
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Driveway
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 421 South 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 421 South Broadway

Taxable ValueLand$520,200Additions$72,828Total$593,028
Tax Record2024$7,143 ($595 / month)
Home Facts
Total Finished SqFt1,668 SqFtAbove Grade Finished SqFt1,668 SqFtStories1Lot Size6,256 SqFtStyleMulti-Family Dwelling (2-4)Year Built1919CountyORANGEAPN398-293-06

Schools near 421 South Broadway

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

Willard Intermediate School
Public6 to 8

Santa Ana High School
Public9 to 12

Advanced Learning Academy
CharterK 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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421 South Broadway is a multi-family home for sale in Santa Ana, CA 92701. This property was listed for sale on July 30, 2024 by Morningstar Rlty & Associates, it's currently listed at $879,000. It has been on the market for a total of 93 days and was last sold on August 10, 2021. This listing's school district is Santa Ana Unified School District. Nearby schools include Martin R. Heninger Elementary School, Willard Intermediate School and Santa Ana High School. 421 South Broadway is a 3-bed, 3-bath, 1,660 sqft multi-family home built in 1919.

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 Morningstar Rlty & Associates, Tri Doan, DRE #01797047

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.