2244 Franzen Avenue, Santa Ana, CA 92705 (MLS # SR25064453)

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PRICE	$1,675,000
BEDS	n/a
BATHS	0
HOME SIZE	4,213 sqft
LOT SIZE	8,277 sqft

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Amazing Investment property located in North East Santa Ana, bordering North Tustin and Orange. The property is located less than 2 miles from both CHOC and St Joseph's Hospitals with high rental demand. This family neighborhood is also close to the 55, 22 and 5 freeways. The Covington style 4-plex's unique unit mix has been coveted since it's inception. The front unit is a spacious 3-bedroom/1.75 bath (over 1,400 sq ft)/ There are also two comfortable 2-bed/1.75 bath units and one cozy 1-bedroom/1 bath unit. The upstairs units both have balconies, and the downstairs units have private enclosed patios. All units are individually metered for electricity and have their own private enclosed garage. The building offers 4213 sq feet of living space on a 8,276 square foot lot. The roof was replaced in 2024. The current annual income is approx. $93,000, giving any investor the possibility of stable and impressive returns right away. The uniqueness, charm, desirability and location of this 4 unit investment property ensure low vacancy rates and long-term desirability. This is a rare investment opportunity in a highly desirable area, one that doesn't come around often. Don't miss out! Listing Agent is related to the owner.

DAYS ON MARKET	31	LAST UPDATED	5/8/2025
YEAR BUILT	1969	COMMUNITY	North Tustin
GARAGE SPACES	4.0	COUNTY	Orange
STATUS	Active	PROPERTY TYPE(S)	Residential Income

PRICE HISTORY
Prior to May 8, '25	$1,700,000
May 8, '25 - Today	$1,675,000

ADDITIONAL DETAILS
AIR	Central Air
AIR CONDITIONING	Yes
APPLIANCES	Built-In Range, Dishwasher, Disposal, Double Oven, Electric Oven, ENERGY STAR Qualified Water Heater, Gas Water Heater, Range Hood, Self Cleaning Oven, Water Heater, Water To Refrigerator
AREA	North Tustin
FIREPLACE	Yes
GARAGE	Garage, Yes
HEAT	Central, Fireplace(s), Forced Air
HOA DUES	0
INTERIOR	Balcony, Ceiling Fan(s), Solid Surface Counters, Storage, Tile Counters, Unfurnished
LOT	8276 sq ft
LOT DESCRIPTION	2-5 Units/Acre, Front Yard, Landscaped, Lawn, Sprinkler System, Sprinklers In Front, Sprinklers Timer, Street Level, Trees
PARKING	Garage
POOL DESCRIPTION	None
SEWER	Public Sewer
STORIES	2
UTILITIES	Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, Electric: Electricity - On Property,Standard
VIEW DESCRIPTION	None
WATER	Public

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Listed with Newcastle Realty

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. as of 5/11/25 7:45 AM PDT 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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