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1405 S Broadway
For Sale $1,535,000
$1,535,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,098 Sq Ft
Description
Rare ROI opportunity in Santa Ana's Wilshire Square—this fully occupied fourplex is delivering exceptional returns with a projected $9,800/month in rental income and a high cap rate that outperforms the market. With separately metered utilities keeping owner expenses minimal and a proven tenant base already in place, this property offers immediate cash flow from day one. Whether you're scaling your multifamily portfolio or making your first investment move, this is the kind of deal that checks every box: strong numbers, solid location, and real upside as Santa Ana continues its revitalization. One unit is currently vacating, opening the door to the new $3,000/month lease that pushes total income from $9,300 to $9,800.
This prime 4-unit building features a smart unit mix—two spacious 2-bedroom/1-bath units and two efficient 1-bedroom/1-bath units. The recently remodeled downstairs 2BR is renting for $2,800/month, the upstairs 2BR is being upgraded and will lease at $3,000/month, and both 1BR units (one with a newly updated kitchen) are leased at $2,000/month each. That's $9,800 in stable monthly income. A shared on-site laundry room adds tenant convenience and potential for additional revenue.
Location drives value, and this property delivers. Situated in the desirable historic Wilshire Square neighborhood, you're minutes from the Bowers Museum, Santa Ana Zoo, Santa Ana College, and Mater Dei High School, with the cafés, dining, and energy of Main Street and Downtown Santa Ana nearby. Freeway access to the 5, 55, and 22 makes commuting easy, which keeps vacancy low and demand high. This fourplex blends neighborhood character with urban accessibility—exactly what today's renters want and investors need.
Drive by only—please do not disturb tenants!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,535,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1951 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 01317402 |
| MLS # | OC26025435 |
| Property ID | 322562756 |
| Lot Sqft | 6,098 |
| Zoning | Unknown |
| Total Units | 4 |
| Days on Market | 34 |
| Original List Price | $1,540,000 |
| Date Updated | February 15, 2026 |
| Date Created | February 03, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $111,600 | $0 |
| Net Income (Yr) | $ 81,400 |
| Cap Rate | 5.3% |
Listing Provided By
Jeff Pittman an agent of . Lic #01055333
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 15, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT