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315 S Garnsey St

Santa Ana, CA 92701
  • $1,750,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: PW25250502
UPDATED: 26 min ago
$1,750,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Chris Diaz of Redfin Corporation (877-973-3346) and Gabriel Eric Schmidt of Redfin(877-973-3346)


Description

Discover the opportunity to step into a fully renovated, turnkey 5-unit apartment building designed for passive income. Each spacious 1-bedroom, 1-bath unit offers 633 sq ft of comfortable living space, outfitted with brand-new ranges, refrigerators, washer/dryers, blinds, and mini-splits for optimal comfort. The property features a modern concrete parking area with three single-car garages and six additional parking spaces. Plus, inquire about assuming the sellers attractive 5.75% loan. This is a rare chance to acquire a well-maintained, income-generating asset ready for immediate rent collection. Dont miss out on this prime investment opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T17:35:10.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/169427761
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315 S Garnsey St Santa Ana, CA 92701

  • Price: $1,750,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 26 min ago
  • ID#: PW25250502
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1964
Built
Neighborhood:
Henniger Park
County:
Orange
Area:
69 - Santa Ana South of First
Property Description
Discover the opportunity to step into a fully renovated, turnkey 5-unit apartment building designed for passive income. Each spacious 1-bedroom, 1-bath unit offers 633 sq ft of comfortable living space, outfitted with brand-new ranges, refrigerators, washer/dryers, blinds, and mini-splits for optimal comfort. The property features a modern concrete parking area with three single-car garages and six additional parking spaces. Plus, inquire about assuming the sellers attractive 5.75% loan. This is a rare chance to acquire a well-maintained, income-generating asset ready for immediate rent collection. Dont miss out on this prime investment opportunity.
Exterior Features

Entry Level 1 Entry Location front door Lot Features 0-1 Unit/AcreFront YardLawn Number Of Separate Electric Meters 5 Open Parking Spaces 6 Parking Features Garage Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Appliances RefrigeratorDryerWasher Common Walls 1 Common Wall Flooring Laminate

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 8 Common Interest Community Apartment Community Features Biking Garage YN Yes Gross Income 144000 Gross Scheduled Income 144000 Insurance Expense 2500 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Maintenance Expense 3000 Net Operating Income 120000 New Construction YN No New Taxes Expense 17000 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Operating Expense 0 Other Expense 1500 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T17:35:10.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Chris Diaz of Redfin Corporation (877-973-3346) and Gabriel Eric Schmidt of Redfin(877-973-3346)