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2244 Franzen Avenue

Santa Ana, CA 92705

– beds
– baths
– sqft
8,276 sqft lot
1969 build
– on site

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.

Listed By CRMLS_CA / Vera Quinlan / Newcastle Realty / 661-755-6376

Last checked: Checking… • Last updated Apr 11, 2025 •

MLS# SR25064453 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1969
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

4213.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Number With Patio:

2
Common Walls:

No Common Walls
Faces:

South
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Features:

Balcony, Ceiling Fan(s), Corian Counters, Living Room Balcony, Storage, Tile Counters, Unfurnished
Levels:

Two
Entry Location:

GROUND
Door Features:

Sliding Doors
Window Features:

Blinds, Insulated Windows, Screens
Flooring:

Carpet, Laminate, Tile
Room Type:

Kitchen, Laundry, Living Room
Fireplace:

Yes
Fireplace:

Family Room, Gas, Gas Starter
Laundry:

Common Area, Community
Laundry:

1

Location

Directions:

nearest cross streets are E. Santa Clara Ave. and N. Tustin Ave.
Latitude:

33.76918800
Longitude:

-117.83310100

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Lot Features:

2-5 Units/Acre, Front Yard, Landscaped, Lawn, Level with Street, Sprinkler System, Sprinklers In Front, Sprinklers Timer, Treed Lot
Lot Size Area:

8276.0000
Lot Size Acres:

0.1900
Lot Size SqFt:

8276.00
Lot Size Source:

Assessor
View:

None
Fencing:

Average Condition
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

757.01
Tax Tract:

6678
Tax Lot:

15

The Listing

Special Listing Conditions:

Standard
Parcel Number:

39613144

Heating & Cooling

Heating:

1
Heating:

Central, Fireplace(s), Forced Air
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Electricity - On Property, Standard
Water Source:

Public

Appliances

Appliances:

Built-In Range, Dishwasher, Double Oven, Electric Oven, ENERGY STAR Qualified Water Heater, Disposal, Gas Water Heater, Range Hood, Self Cleaning Oven, Water Heater Central, Water Line to Refrigerator
Included:

Yes

The Community

Features:

Curbs, Sidewalks, Street Lights, Suburban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Garage
Parking Spaces:

6.00
Garage Spaces:

4.00
Uncovered Spaces:

2.00

Extra Units

Number With Carpet:

4
Number With Disposal:

4
Number With Dishwasher:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/10/25 Apr 10, 2025	Listed / Active	CRMLS_CA	$1,700,000

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This multifamily located in Cabrillo Park, Santa Ana, CA 92705 is currently for sale for $1,700,000. 2244 Franzen Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 6 days. 2244 Franzen Avenue is in the Cabrillo Park neighborhood of Santa Ana and has a WalkScore® of 72, making it very walkable. This multifamily is in the attendance area of Santiago Middle School, El Modena High School, and La Veta Elementary School.

Listing Courtesy of: CRMLS_CA and Newcastle Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 00:03 on Apr 16.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.