1405 S Broadway Santa Ana, CA 92707
Mid-City NeighborhoodHighlights
- Laundry Room
- Forced Air Heating System
- Level Lot
About This Home
Exceptional Investment Opportunity in Santa Ana’s Historic Wilshire Square. This fully occupied fourplex offers strong, stable cash flow with projected rental income of approximately $9,800 per month and a high cap rate that outperforms many comparable multifamily investments in the area. With separately metered utilities, owner expenses remain low while a reliable tenant base provides immediate income from day one—making this an ideal opportunity for both seasoned investors and those entering the multifamily market. The property features a well-balanced unit mix consisting of two spacious 2-bedroom/1-bath units and two efficient 1-bedroom/1-bath units. The recently remodeled downstairs 2-bedroom unit rents for $2,800 per month, while the upstairs 2-bedroom unit is currently being upgraded and projected to lease for $3,000 per month once complete. Both 1-bedroom units are leased at $2,000 per month each, with one unit featuring a newly updated kitchen. One unit is currently vacating, creating the opportunity to secure the new $3,000 lease and increase total monthly income from $9,300 to approximately $9,800. A shared on-site laundry room provides added convenience for tenants and potential additional revenue for ownership. Location is another key advantage. Positioned within the desirable and historic Wilshire Square neighborhood, the property offers convenient access to many of Santa Ana’s most recognized destinations including the Bowers Museum, Santa Ana Zoo, Santa Ana College, and Mater Dei High School. Residents also enjoy the vibrant cafés, restaurants, and cultural scene of Downtown Santa Ana and the Main Street corridor, all just minutes away. Easy access to the 5, 55, and 22 freeways enhances commuter convenience and supports consistently strong rental demand. Blending historic neighborhood charm with urban accessibility, this fourplex presents a compelling opportunity to secure a well-performing income property in one of Santa Ana’s steadily revitalizing areas. Drive by only — please do not disturb tenants.
Listing Agent
Maryam Amiri
Redfin License #01804754 Listed on: 03/06/2026
Co-Listing Agent
Christopher Bistolas
Redfin License #01838313
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 6,098 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 4 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,272 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Utilities
- Forced Air Heating System
Listing and Financial Details
- Tax Lot 26
- Tax Tract Number 1265
- Assessor Parcel Number 01317402
- $1,072 per year additional tax assessments
- Seller Considering Concessions
Community Details
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $540
- Gardener Expense $960
- Insurance Expense $3,100
- Trash Expense $2,028
- Water Sewer Expense $6,000
- New Taxes Expense $17,022
- Operating Expense $30,200
- Gross Income $111,600
- Net Operating Income $81,400
Additional Features
- 4 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,461 | $1,473,900 | $1,322,595 | $151,305 |
| 2024 | $8,461 | $663,999 | $543,275 | $120,724 |
| 2023 | $8,248 | $650,980 | $532,623 | $118,357 |
| 2022 | $8,153 | $638,216 | $522,179 | $116,037 |
| 2021 | $7,967 | $625,702 | $511,940 | $113,762 |
| 2020 | $7,978 | $619,287 | $506,691 | $112,596 |
| 2019 | $7,830 | $607,145 | $496,756 | $110,389 |
| 2018 | $7,542 | $595,241 | $487,016 | $108,225 |
| 2017 | $7,478 | $583,570 | $477,467 | $106,103 |
| 2016 | $7,333 | $572,128 | $468,105 | $104,023 |
| 2015 | $7,240 | $563,535 | $461,074 | $102,461 |
| 2014 | $7,114 | $552,497 | $452,043 | $100,454 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/10/2026 03/10/26 | For Sale | $1,535,000 | 0.0% | $469 / Sq Ft | |
| 03/08/2026 03/08/26 | Off Market | $1,535,000 | -- | -- | |
| 03/08/2026 03/08/26 | For Sale | $1,535,000 | 0.0% | $469 / Sq Ft | |
| 03/07/2026 03/07/26 | Off Market | $1,535,000 | -- | -- | |
| 03/06/2026 03/06/26 | For Sale | $1,535,000 | +6.2% | $469 / Sq Ft | |
| 06/24/2024 06/24/24 | Sold | $1,445,000 | -2.0% | $442 / Sq Ft | View Prior Sale |
| 05/14/2024 05/14/24 | Pending | -- | -- | -- | |
| 04/12/2024 04/12/24 | For Sale | $1,475,000 | +168.2% | $451 / Sq Ft | |
| 10/30/2012 10/30/12 | Sold | $550,000 | 0.0% | $168 / Sq Ft | View Prior Sale |
| 09/27/2012 09/27/12 | Pending | -- | -- | -- | |
| 09/25/2012 09/25/12 | For Sale | $550,000 | -- | $168 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26048328
APN: 013-174-02
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
- 1442 S Van Ness Ave
- 226 E Edinger Ave
- 1808 S Van Ness Ave
- 1911 Cypress Ave
- 1128 S Parton St
- 1311 Oak St
- 1308 Cedar St
- 2101 S Sycamore St
- 715 E Mcfadden Ave
- 1209 S Shelton St
- 1813 Cedar St
- 1714 Evergreen St
- 604 S Van Ness Ave
- 1401 S Standard Ave
- 856 E Mcfadden Ave
- 2125 Rousselle St
- 326 E Bishop St
- 1246 S Baker St
- 1426 Minnie St
- 1402 S Minnie St
- 1405 S Broadway Unit 4
- 1311 S Ross St
- 1925 S Orange Ave
- 1925 Orange Ave
- 1010 Cypress Ave Unit 1010
- 1202-1210 E Borchard Ave
- 1414-1422 S Minnie St
- 416 S Birch St
- 1109 S Minnie St
- 513 E Walnut Apt C St Unit C
- 301 W 2nd St
- 1012 W Walnut St Unit 2
- 204 N Spurgeon St
- 210 N Spurgeon St
- 2201 S Pacific Ave
- 401 N Bush St
- 401 N Main St
- 1054 W Santa Ana Blvd
- 341 Carriage Dr Unit 49
- 512 N Porter St
Ask me questions while you tour the home.