$1,325,000
UNDER CONTRACT

2729 S Rosewood Ave Santa Ana, CA 92707

Sunwood Central Neighborhood

Estimated payment $8,664/month

Total Views 536
2 Beds
2 Baths
3,960 Sq Ft
$335 Price per Sq Ft

About This Home

2729 S. Rosewood Street is a 4-unit multifamily value-add investment opportunity located in the highly sought-after Rosewood Baker neighborhood of Santa Ana, California. Built in 1961, the property features four spacious 2-bedroom, townhome-style units averaging 990 square feet, each equipped with a private garage, private patios, and separately metered utilities for gas and electricity. In 2025, 50% of the units underwent significant renovations, including new kitchen cabinetry, granite countertops, vinyl plank flooring, and updated bathroom fixtures, reflecting attentive ownership and setting the stage for further improvements. With substantial rental upside, this asset presents a compelling value-add opportunity through strategic unit upgrades and rental repositioning. Ideally located less than 1.4 miles from South Coast Plaza, 3.3 miles from John Wayne Airport, and under 4.4 miles from Orange Coast College, the property appeals to a broad tenant base, including families, professionals, and students. Its proximity to major transportation corridors, including the I-405 and 55 Freeway, offers convenient access to key employment centers throughout Orange and Los Angeles Counties, making this a rare opportunity to acquire a well-located, quality multifamily asset with strong income growth potential.

Listing Agent

Justin Butler

Kirklen Investment Group Brokerage Phone: 949-202-7255 License #02092220 Listed on: 07/17/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,687 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,960 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 3680
  • Assessor Parcel Number 41041304
  • $1,072 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $2,879
  • Maintenance Expense $2,800
  • Other Expense $1,802
  • Trash Expense $2,313
  • Water Sewer Expense $2,273
  • New Taxes Expense $15,817
  • Operating Expense $30,284
  • Gross Income $62,400
  • Net Operating Income $30,244

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • CapRate: 2.28
  • Price Per Unit: 331250
  • Property Attached: Yes
  • Water Sewer Expenses: 2273.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 41041304
  • Year Built: 1961
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 334.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2313.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7687.00
  • Lot Size Acres: 0.1765

Multi Family

  • Gross Income: 62400.00
  • Gross Multiplier: 21.23
  • Gross Operating Income: 60528.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 2879.00
  • Lot Size Area: 7687.0000 Square Feet
  • Maintenance Expense: 2800.00
  • Net Operating Income: 30244.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 30284.00
  • Operating Expense Percent: 50.00
  • Other Expense: 1802.00
  • Rent Control: Yes
  • Total Actual Rent: 5200.00
  • Total Expenses: 30284.00
  • Vacancy Allowance: 1872
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15817.00
  • Tax Census Tract: 740.05
  • Tax Lot: 19
  • Tax Tract Number: 3680
  • TaxOtherAnnualAssessmentAmount: 1072.00

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
07/17/2025 07/17/25 For Sale $1,325,000 -- $335 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25161383

California Regional Multiple Listing Service (CRMLS)

APN: 410-413-04

California Orange County Santa Ana 92707 Sunwood Central

2729 S Rosewood Ave, Santa Ana, CA

This home is located at 2729 S Rosewood Ave, Santa Ana, CA 92707 and is currently priced at $1,325,000, approximately $334 per square foot. This property was built in 1961. 2729 S Rosewood Ave is a home located in Orange County with nearby schools including Washington Elementary School, McFadden Institute of Technology, and Saddleback High School.

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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Justin Butler
Listing Agent
Justin Butler
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Kirklen Investment Group
(657) 390-9932