$1,710,000 Price Analysis    ♡   Santa Ana, CA 92705 8 bed 5 bath 4,213 SqFt ($405/SqFt) 7,405SqFt lot. Built 1969 Listed 2024-07-02, Taxes $18,783 | Ⓧ USDA Ineligible due to price & location near Santa Ana |
Welcome to 2313 Franzen Avenue
A meticulously maintained Covington style 4-plex located in the heart of Northeast Santa Ana. This exceptional property, bordering North Tustin and Orange, is a prime investment opportunity nestled within the highly sought-after Orange Unified School District boundaries. With easy access to the 55 and 22 freeways, as well as plenty of shopping and rapid transit nearby, convenience is an added bonus to this property. The charming residential architecture at 2313 Franzen Avenue has been brought to life with modern maintenance and care. The strategic unit mix has been in high demand since its inception and this property is no exception. The Franzen Avenue 4-plex boasts an attractive mix of units: one big 3-bedroom, 1.75-bath unit, two comfortable 2-bedroom, 1-bath units and one cozy 1-bedroom, 1-bath unit.
Each unit is thoughtfully designed with balconies for the upstairs units and patios for the downstairs units, providing residents with outdoor spaces to relax and enjoy. Financially, 2313 Franzen Avenue is a standout. With a current annual income of $94, 880, new owners will find that there ample opportunity to reach market levels. This turnkey apartment building offers stable and impressive returns right from the start. The location, charm and income potential of this property mke it a standout choice for any investor. The high demand for such unit mixes ensures low vacancy rates and long-term desirability. Whether you are a seasoned investor or new to the market, 2313 Franzen Avenue is an opportunity that cannot be missed. I invite you to come see all that 2313 Franzen Avenue has to offer you!
Presented by Joe Napoli at
RE MAX Innovations.
Property MLS #CV24135006 from CRMLS
Fireplace Features: Living Room
Heating Features: Central
Heating: Yes
Road Frontage Type: City Street
Road Surface Type: Paved
Lot Size Acres: 0.1699954
Lot Size Source: Assessor
Lot Size Square Feet: 7405
Parking Total: 7
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 2
Rent Control: Yes
County: Orange
Source Property Type: Residential Income
Insurance Expense: 2100.00
Area: NTS - North Tustin
Source Neighborhood: NTS - North Tustin
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 1
Parcel Number: 39613135
Postal Code Plus 4: 1774
Trash Expense: 1800.00
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $255,000 + $1,428,000 $1,683,000 | $18,783 |
| 2021 | $159,651 + $1,019,770 $1,179,421 | $13,334 |
| 2020 | $158,014 + $1,009,314 $1,167,328 | $13,211 |
| 2019 | $154,916 + $989,524 $1,144,440 | $13,048 |
| 2018 | $151,879 + $970,121 $1,122,000 | $12,851 |
| 2017 | $221,863 + $206,447 $428,310 | $5,382 |
| 2016 | $217,513 + $202,399 $419,912 | $5,283 |
| 2015 | $214,246 + $199,359 $413,605 | $5,205 |
| 2014 | $210,050 + $195,454 $405,504 | $5,023 |
| 2013 | $209,101 + $194,571 $403,672 | $5,000 |
| 2012 | $205,001 + $190,756 $395,757 | $4,875 |
| 2011 | $200,982 + $187,016 $387,998 | $4,716 |
| 2010 | $199,480 + $185,619 $385,099 | $4,621 |
| 2009 | $199,954 + $186,060 $386,014 | $4,554 |
| 2008 | $196,034 + $182,412 $378,446 | $4,402 |
| 2007 | $192,191 + $178,835 $371,026 | $4,277 |
$1,710,000
CRMLS
Sold 2021-06-15
$1,650,000
CRMLS
Listing removed 2017-07-26
$1,489,000
CRMLS
Sold 2017-06-22
$1,100,000
CRMLS
Listed 2017-05-26
$1,489,000
CRMLS
Sold 2017-03-02
$1,100,000
Public Record
Relisted 2017-02-08
$995,000
CRMLS
Listing removed 2017-02-07
$995,000
CRMLS
Listed 2017-02-03
$995,000
CRMLS
Sold 1985-12-10
$290,000
Public Record
Sold 1979-10-16
$101,500
Public Record
Year Built: 1969
Building Features: 1
Common Walls: 1 Common Wall
Construction Materials: Stucco
Entry Level: 1
Entry Location: Ground
Property Age: 55
Property Attached: Yes
Property Condition: Turnkey
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Public Records
Electric Expense: 375.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 4900.00
Cable Available
Electricity Connected
Natural Gas Connected
Phone Available
Sewer Connected
Water Connected
Water Source: Public
Map directions Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.