315 S Garnsey Street

Santa Ana, CA 92701

$1,300,000

List Price

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1964

calendar_month Built

Property Description

Built in 1964, this property features five one-bedroom apartments, complete with amenities such as garages and open parking, as well as an on-site laundry facility. This property presents a value-add opportunity with significant rental upside, making it an attractive investment for savvy buyers. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 1.10 miles from Downtown Santa Ana and the lively 4th Street Market, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.80 miles of Santa Ana College, appealing to students and faculty. With close proximity to the 5 Interstate, residents can conveniently connect to major employment hubs across Orange and Los Angeles Counties.

Listing Information

List Price $1,300,000
Status Active
MLS OC24206516
Type Residential Income
Subtype Apartment
Year Built 1964
Lot Size 6,098
Structure Size N/A
DOM 1
Courtesy Of Kirklen Investment Group
Listing Agent Justin Butler DRE#02092220

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Justin Butler, Kirklen Investment Group . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 5th, 2024 at 6:41 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.