1810 S Broadway Santa Ana, CA 92707
Bristol Manor NeighborhoodEstimated payment $15,508/month
Total Views
603
3
Beds
1
Bath
8,800
Sq Ft
$272
Price per Sq Ft
Highlights
- No HOA
- Rectangular Lot
- 1-Story Property
- Laundry Room
About This Home
1810 S Broadway presents a rare opportunity to acquire a well-located, value-driven 8-unit apartment building in the heart of Santa Ana. Built in 1987
and offered at just $272 per square foot, this asset delivers immediate income and long-term upside in one of Orange County’s most dynamic rental
markets.
Each unit boasts over 1,000 square feet of living space, configured as 3-bedroom, 1-bathroom floor plans with oversized private balconies nearing
250 SF—a feature rarely found in comparable product. The property offers ample parking with 17 on-site spaces, allowing each unit to have two
dedicated spaces, a highly attractive amenity for tenants.
With a seasoned, long-term tenant base, the property enjoys zero vacancy and historically low turnover, fostering a tight-knit community feel. The
asset currently operates at an attractive 11.76 GRM and 5.2% cap rate, with rents below market and room for growth through strategic renovations or
repositioning.
While the property is performing well operationally, buyers should note that the third bedrooms in each unit are non-conforming and were not permitted as part of the original 2-bedroom floor plans. In 2024 significant capital expenditure was made modifying several of the balconies. The building would benefit from continued maintenance, systems upgrades and cosmetic improvements. This is an ideal acquisition for investors seeking a
stable, seasoned tenant base with immediate cash flow, below-market rents, and multiple paths to value creation. Don’t miss this rare chance to
own a unique building with oversized units, strong bones, and built-in community.
Listing Agent
Keller Williams R. E. Services Brokerage Phone: 818-298-8810 License #01216376 Listed on: 08/05/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1987
Lot Details
- 9,148 Sq Ft Lot
- No Common Walls
- Rectangular Lot
- Level Lot
Parking
- 17 Car Garage
Interior Spaces
- 8,800 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Bathroom
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 74200
- Assessor Parcel Number 01505215
- $2,129 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 8 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,103
- Fuel Expense $665
- Insurance Expense $9,240
- Professional Management Expense $10,181
- Trash Expense $11,934
- Water Sewer Expense $4,231
- Operating Expense $76,874
- Gross Income $203,616
- Net Operating Income $124,551
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | For Sale | $2,395,000 | +6.4% | $272 / Sq Ft |
| 01/21/2016 01/21/16 | Sold | $2,250,000 | -2.2% | $293 / Sq Ft |
| 12/08/2015 12/08/15 | Pending | -- | -- | -- |
| 11/17/2015 11/17/15 | For Sale | $2,300,000 | -- | $300 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Santa Ana, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25176671
APN: 015-052-15
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
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