$1,900,000
PENDING

1805 N Bush St Santa Ana, CA 92706

Santa Ana Triangle Neighborhood

Estimated payment $12,232/month

Total Views 7,540
2 Beds
2 Baths
4,498 Sq Ft
$422 Price per Sq Ft

About This Home

1805 North Bush Street is an 8-unit multifamily investment opportunity located in a desirable North Santa Ana location. 1805 North Bush Street is a 4,498 square foot two-story building situated between Floral Park and French Park, two of Santa Ana’s most desirable neighborhoods. The property features a unique unit mix consisting of 6, studio units and 2, two-bedroom units with desirable amenities including ample garage parking, private balconies, and an on-site laundry facility. Situated just north of 17th Street, 1805 North Bush Street offers resident’s easy access to desirable retail and dining destinations on 17th Street, at MainPlace Mall, and throughout Downtown Santa Ana. The property also provides easy access to schools and museums including Santa Ana College, Bowers Museum, and the Discovery Cube. Furthermore, the property’s proximity to Interstate 5 and the Santa Ana Regional Transportation Center provides resident’s with convenient access to employment hubs and entertainment destinations throughout Southern California. In summary, 1805 North Bush Street’s desirable location offers residents access to a wide variety of employment, entertainment, transportation, and retail amenities, all of which will help attract a diverse renter pool.

Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 05/22/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1967

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 8 Car Garage

Interior Spaces

  • 4,498 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 524
  • Assessor Parcel Number 00314125
  • $2,129 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Fuel Expense $1,800
  • Insurance Expense $6,000
  • Maintenance Expense $6,400
  • Other Expense $7,129
  • Trash Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $21,144
  • Operating Expense $47,873
  • Gross Income $156,740
  • Net Operating Income $104,201

Property Details

Home Type

Apartment

Year Built

Built in 1967

Lot Details

0

Parking

8

Listing Details

  • CapRate: 5.48
  • Price Per Unit: 237500
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 00314125
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: First level
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 422.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 8276.40
  • Lot Size Acres: 0.1900

Multi Family

  • Electric Expense: 1800.00
  • Fuel Expense: 1800.00
  • Gross Income: 156740.00
  • Gross Multiplier: 12.12
  • Gross Operating Income: 150874.00
  • Gross Scheduled Income: 155540.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 0.1900 Acres
  • Maintenance Expense: 6400.00
  • Net Operating Income: 104201.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 47873.00
  • Operating Expense Percent: 31.50
  • Other Expense: 7129.00
  • Other Expense Description: Misc
  • Other Income1: 1200.00
  • Other Income Description: Misc
  • Rent Control: Yes
  • Total Expenses: 47873.00
  • Vacancy Allowance: 4666
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21144.00
  • Tax Census Tract: 750.04
  • Tax Lot: 3
  • Tax Tract Number: 524
  • TaxOtherAnnualAssessmentAmount: 2129.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Pending -- -- --
05/22/2025 05/22/25 For Sale $1,900,000 -- $422 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25114456

California Regional Multiple Listing Service (CRMLS)
California Orange County Santa Ana 92706 Santa Ana Triangle

1805 N Bush St, Santa Ana, CA

This home is located at 1805 N Bush St, Santa Ana, CA 92706 and is currently priced at $1,900,000, approximately $422 per square foot. This property was built in 1967. 1805 N Bush St is a home located in Orange County with nearby schools including Sierra Preparatory Academy, Santa Ana High School, and El Sol Santa Ana Science And Arts Academy.

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.

California Regional Multiple Listing Service (CRMLS) 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

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Tyler Leeson
Listing Agent
Tyler Leeson
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Marcus & Millichap RE Invest
(657) 837-6187