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Off market
  • Listing Provided by: 
    $1,526,700

    2244 Franzen Ave, Santa Ana, CA 92705

    --beds
    --baths
    4,213sqft
    Quadruplex
    Built in 1969
    -- sqft lot
    $1,526,700 Zestimate®
    $362/sqft
    $3,713 Estimated rent

    What's special

    Amazing Investment property located in North East Santa Ana, bordering North Tustin and Orange. The property is located less than 2 miles from both CHOC and St Joseph's Hospitals with high rental demand. This family neighborhood is also close to the 55, 22 and 5 freeways. The Covington style 4-plex's unique unit mix has been coveted since it's inception. The front unit is a spacious 3-bedroom/1.75 bath (over 1,400 sq ft)/ There are also two comfortable 2-bed/1.75 bath units and one cozy 1-bedroom/1 bath unit. The upstairs units both have balconies, and the downstairs units have private enclosed patios. All units are individually metered for electricity and have their own private enclosed garage. The building offers 4213 sq feet of living space on a 8,276 square foot lot. The roof was replaced in 2024. The current annual income is approx. $93,000, giving any investor the possibility of stable and impressive returns right away. The uniqueness, charm, desirability and location of this 4 unit investment property ensure low vacancy rates and long-term desirability. This is a rare investment opportunity in a highly desirable area, one that doesn't come around often. Don't miss out! Listing Agent is related to the owner.

    Zillow last checked: 7 hours ago

    Listing updated: June 24, 2025 at 07:12pm

    Source: CRMLS,MLS#: SR25064453MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Central, Forced Air, Fireplace(s)
    Cooling
    • Central Air
    Appliances
    • Included: Built-In Range, Double Oven, Dishwasher, ENERGY STAR Qualified Water Heater, Electric Oven, Disposal, Gas Water Heater, Range Hood, Self Cleaning Oven, Water To Refrigerator, Water Heater
    • Laundry: Common Area
    Features
    • Balcony, Ceiling Fan(s), Storage, Solid Surface Counters, Tile Counters, Unfurnished
    • Flooring: Carpet, Laminate, Tile
    • Doors: Sliding Doors
    • Windows: Blinds, Insulated Windows, Screens
    • Has fireplace: Yes
    • Fireplace features: Family Room, Gas, Gas Starter
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 4,213
    • Total interior livable area: 4,213 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Garage
    • Garage spaces: 4
    • Uncovered spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: GROUND
    • Pool features: None
    • Fencing: Average Condition
    • Has view: Yes
    • View description: None
    Lot
    • Size: 8,276 sqft
    • Features: 2-5 Units/Acre, Front Yard, Sprinklers In Front, Lawn, Landscaped, Sprinklers Timer, Sprinkler System, Street Level, Trees
    Details
    • Parcel number: 39613144
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • New construction: No
    • Year built: 1969

    Utilities & green energy

    • Electric: Electricity - On Property, Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
    Green energy
    • Energy efficient items: Water Heater

    Community & neighborhood

    Community
    • Community features: Curbs, Street Lights, Suburban, Sidewalks
    Location
    • Region: Santa Ana

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $1,526,700