1810 S Broadway Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92707
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,800 sqft
Price per Sqft $272
Subdivision Other (Othr)
MLS Listing ID GD25176671
HOA Y/N No
Year Built 1987
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning C-1
Interior
Laundry Common Area
Exterior
Garage Spaces 17.0
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description Level with Street,Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Kirk Garabedian
SHOW CONTACT PH 818-298-8810
SHOW INSTRUCTIONS Call the listing agent for additional details. NOTE: Property is held in fee simple ownership. Not a condo or common interest project. Selected 'Community Apartment' to meet MLS system requirements.