South Broadway Apartments

Highlights:

• ADU Potential Via Conversion of Large, On-Site Storage Space
• Walking Distance to Historic Downtown on 4th Street
• Long-Term Tenants with Strong In-Place Rents
• Four (4) Garage Parking Spaces
• Central HVAC Systems
• Separately Metered for Gas & Electric

Description:

Kirklen Investment Group proudly offers the opportunity to acquire 313-317 S Broadway, a five-unit multifamily investment property located in Santa Ana, CA. The subject property features an extremely desirable unit mix of three, 2-bedroom and two, 1-bedroom units. Situated on a 6,100 square foot lot, the property offers 4 single car garage spaces, a large storage unit for additional income, private balconies for the upstairs units, mini split AC systems and is separately metered for gas and electric. Additionally, the large storage unit can be converted to an ADU and already has utility lines running to this space to make for an easier conversion.
The South Broadway Apartments are extremely well located in the strong Santa Ana rental market and just minutes off the 5 and 55 Freeway. The proximity to the freeways will allow tenants to access the greater Orange County and Los Angeles areas quickly and easily. The property is within walking distance of Downtown Santa Ana, which offers residents a variety of shopping, dining, entertainment and occupational opportunities. Additionally, the South Broadway Apartments is conveniently located near many educational institutions such as Santa Ana High School and Lowell Elementary School.

Santa Ana is downtown for the world famous Orange County, California. It is the County Seat, the second-most populous city in Orange County with a population of over 310,000. Over 1,400 City employees work hard every day to deliver efficient public services in partnership with our community to ensure public safety, a prosperous economic environment, opportunities for our youth, and a high quality of life for residents.
The City of Santa Ana is a 27-square mile, ethnically diverse city located 35 miles south of Los Angeles and roughly ten miles inland from the Pacific Ocean. The City comprises more than 60 distinct neighborhoods. The Santa Ana Unified School District is the local school district that serves the majority of our community. Santa Ana's centralized location places the City less than 30 minutes from most Southern California destinations, including four airports. Its density and transportation infrastructure enable residents and employees to embrace a sustainable lifestyle by commuting to work via bus, train, bicycle, or on foot. This convenience attracts a diverse population that appreciates Santa Ana's distinctive housing choices, energetic nightlife, and cultural amenities like the Artist’s Village, Discovery Cube Orange County, Heritage Museum of Orange County, the Santa Ana Zoo at Prentice Park, and more.
Santa Ana has a large and diverse business base, with over 30,000 businesses who employ over 150,000 people. Santa Ana is the corporate headquarters of several large companies, including Behr Paint and First American Financial Corporation.