2313 Franzen Ave
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2313 Franzen Ave
4 Unit Apartment Building $2,402,003 CAD ($600,501 CAD/Unit) Santa Ana, CA 92705
Executive Summary
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 just 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 spacious 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 make 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!
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$133,265
|
$31.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$133,265
|
$31.63
|
| Taxes |
$26,905
|
$6.39
|
| Operating Expenses |
$14,890
|
$3.53
|
| Total Expenses |
$41,795
|
$9.92
|
| Net Operating Income |
$91,470
|
$21.71
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $133,265 |
| Annual Per SF | $31.63 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $133,265 |
| Annual Per SF | $31.63 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,905 |
| Annual Per SF | $6.39 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,890 |
| Annual Per SF | $3.53 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,795 |
| Annual Per SF | $9.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $91,470 |
| Annual Per SF | $21.71 |
Property Facts
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
1 of 1
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 396-131-35 | Total Assessment | $2,374,776 CAD |
| Land Assessment | $2,014,961 CAD | Annual Taxes | $26,905 CAD ($6.39 CAD/SF) |
| Improvements Assessment | $359,815 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
396-131-35
Land Assessment
$2,014,961 CAD
Improvements Assessment
$359,815 CAD
Total Assessment
$2,374,776 CAD
Annual Taxes
$26,905 CAD ($6.39 CAD/SF)
Tax Year
2023
-
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2313 Franzen Ave
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