7,914 Sqft Lot
7,914 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26176654
HOA Y/N No
Year Built 1969
Lot Size 7,914 Sqft
Property Sub-Type Apartment
Property Description
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 Orange County's most established rental markets.
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Interior
Interior Features Balcony
Cooling Wall/Window Unit(s)
Fireplaces Type See Remarks
Fireplace Yes
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Curbs, Dog Park, Foothills, Gutter(s), Park, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 39613146
Energy Description 1920.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Nearby Locations
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