2236 E Franzen, Santa Ana, CA 92705
Local realty services provided by:ERA North Orange County Real Estate
2236 E Franzen,Santa Ana, CA 92705
$1,595,000
- 8 Beds
- 7 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: rick applebaum, paul espinosa
Office: morgan skenderian
MLS#:PW26176654
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,595,000
About this home
Located in a highly desirable neighborhood of Santa Ana, near the Tustin and Orange borders, 2236 E. Franzen Avenue presents investors with the opportunity to acquire a well-maintained, fully occupied multifamily asset featuring an attractive mix of one-, two-, and three-bedroom apartment homes. Averaging more than 1,050 square feet per unit, the spacious floor plans appeal to a broad tenant base and offer a significant advantage over many competing properties in the area. The property provides a variety of sought-after resident amenities, including an on-site laundry facility, private patios and balconies, wall air conditioning, and a fireplace in the three-bedroom unit. Parking is well accommodated with four single-car garages, two open parking spaces, and ample street parking for residents and guests. The property is also individually metered for electricity and gas, helping to minimize owner-paid utility expenses. Ownership has completed several capital improvements, including the re-plumbing of one unit in 2022, reconstruction of the balconies, and installation of new fencing surrounding most of the private patios, reducing near-term capital expenditure requirements. From an investment perspective, 2236 E. Franzen Avenue offers compelling upside potential. Current rental rates are approximately 22% below market, providing a clear value-add opportunity through the implementation of market rents as units turn over. Combined with its desirable location, generous unit sizes, and strong in-place occupancy, the property represents an attractive long-term investment in one of...
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Home facts
- Listing ID #:PW26176654
- Added:1 day(s) ago
- Updated:August 13, 2026 at 03:07 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:7
Heating and cooling
- Cooling:Wall/Window
Finances and disclosures
- Price:$1,595,000
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