Property Details
About this Property
1810 S Broadway presents a rare opportunity to acquire a well-located, value-driven 8-unit apartment building in the heart of Santa Ana. Built in 1987 and offered at just $272 per square foot, this asset delivers immediate income and long-term upside in one of Orange County’s most dynamic rental markets. Each unit boasts over 1,000 square feet of living space, configured as 3-bedroom, 1-bathroom floor plans with oversized private balconies nearing 250 SF—a feature rarely found in comparable product. The property offers ample parking with 17 on-site spaces, allowing each unit to have two dedicated spaces, a highly attractive amenity for tenants. With a seasoned, long-term tenant base, the property enjoys zero vacancy and historically low turnover, fostering a tight-knit community feel. The asset currently operates at an attractive 11.76 GRM and 5.2% cap rate, with rents below market and room for growth through strategic renovations or repositioning. While the property is performing well operationally, buyers should note that the third bedrooms in each unit are non-conforming and were not permitted as part of the original 2-bedroom floor plans. In 2024 significant capital expenditure was made modifying several of the balconies. The building would benefit from continu
MLS Listing Information
MLS #
CRGD25176671
MLS Source
California Regional MLS
Days on Site
15
Parking, School, and Other Information
Garage/Parking
Garage: 17 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1810 S Broadway is a Residential Income in Santa Ana, CA 92707. This – square foot property sits on a 9,148 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,395,000 and was built in 1987. This address can also be written as 1810 S Broadway, Santa Ana, CA 92707.
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This listing information is up-to-date as of August 06, 2025. For the most current information, please contact Krikor Garabedian
