1405 S Broadway Santa Ana, CA 92707
Mid-City NeighborhoodEstimated payment $8,878/month
Highlights
- Laundry Room
- Forced Air Heating System
- Level Lot
About This Home
High cap rate, prime 4-unit investment opportunity in the historic Wilshire Square neighborhood of Santa Ana, this fully rented and well-maintained fourplex offers strong, stable income with minimal owner expenses thanks to separately metered gas and electric for all units. The property features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, including a recently remodeled downstairs 2BR renting for $2,800/month, an upstairs 2BR at $2,500/month, and two 1BR units each renting for $2,000/month—one with a newly updated kitchen—totaling $9,300 in monthly rental income. A shared on-site laundry room adds convenience for tenants and potential additional revenue. Ideally located near the Bowers Museum, Santa Ana Zoo, Santa Ana College, Mater Dei High School, and the dining, cafés, and shops of Main Street and Downtown Santa Ana, with easy access to the 5, 55, and 22 freeways, this property blends neighborhood charm with urban accessibility. With Santa Ana’s ongoing revitalization and consistent rental demand, this fourplex delivers immediate cash flow and long-term upside for both seasoned and first-time multifamily investors. Drive by only—please do not disturb tenants.
Listing Agent
Jeff Pittman
Redfin Brokerage Phone: 714-785-4434 License #01055333 Listed on: 02/03/2026
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
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 |
|---|---|---|---|---|---|
| 02/03/2026 02/03/26 | For Sale | $1,540,000 | +6.6% | $471 / 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: OC26025435
APN: 013-174-02
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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
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