CA > Santa Ana
Santa Ana, CA 92701,223 S Orange
Santa Ana, CA 92701,223 S Orange
Santa Ana, CA 92701,223 S Orange
8
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$1,350,000
Est. payment /mo
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5 Beds
6,534 Sqft Lot
Active

223 S Orange Santa Ana, CA 92701

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Mike Acker

Mike Acker

+1(619) 454-0620

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25265433

Bedrooms 5

Lot Size 6,534 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Presenting 223 South Orange Avenue, a high-cash-flow five-unit multifamily investment property located in the desirable Pacific Park neighborhood of Santa Ana, California. The property features a spacious Victorian front house configured as a five-bedroom, five-bath unit, complemented by a rear four-plex offering efficient studio floorplans designed to maximize rental income and promote long-term occupancy stability. Residents enjoy desirable amenities including an on-site laundry facility, a shared central courtyard, four individual garage parking spaces, and security screen doors. The property has been professionally managed throughout ownership, ensuring consistent performance and reliable cash flow. A Ratio Utility Billing System (RUBS) is in place, effectively reducing ownership expenses and improving operating efficiency. Recent capital improvements include upgraded electrical panel on the front house. While the property provides strong in-place income, additional interior and exterior renovations present a clear opportunity to further enhance value, elevate curb appeal, and achieve higher market rents. The garages offer an additional value-add opportunity in which buyers may rent them out for supplemental income or explore converting them into an ADU to further maximize returns (buyer to verify all ADU feasibility with the City of Santa Ana). The asset currently generates $129,775 in gross annual income ($10,815 per month), reflecting a strong 10.40 Gross Income Multiplier (GIM) with meaningful upside through strategic improvements and rent repositioning. Ideally loc

Location

State CA

County Orange

Zoning Assessor

Direction Corner of S Orange Ave and E Pine St

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 40409307

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

MLS Router / San Diego MLS
Listed by Justin Butler Kirklen Investment Group

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Mike Acker

Mike Acker

Agent | License ID: 01356721

+1(619) 454-0620

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223 S Orange

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