S Garnsey St

0 Bedroom Condo has been listed for sale at 315 S Garnsey St in Santa Ana for $1,900,000. Chat with a local expert, book a tour.

Santa Ana

Other (Othr)

315 S Garnsey St

315 S Garnsey St, For Sale in Santa Ana - eXp Commercial Brokerage

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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 seller’s attractive 5.75% loan. This is a rare chance to acquire a well-maintained, income-generating asset ready for immediate rent collection. Don’t miss out on this prime investment opportunity.

Built in 1964, this property features five one-bedroom apartments, complete with amenities such as garages and open parking, as well as an on-site laundry facility. This property presents a value-add opportunity with significant rental upside, making it an attractive investment for savvy buyers. Additionally, the property offers the opportunity to convert the garages into an Additional Dwelling Unit (ADU), further increasing the rental income potential. The buyer must verify this possibility with the City of Santa Ana to ensure compliance with local zoning and building regulations. Its prime location is just 1.10 miles from Downtown Santa Ana and the lively 4th Street Market, providing tenants with easy access to local businesses, dining, and nightlife. Additionally, the property is within 1.80 miles of Santa Ana College, appealing to students and faculty. With close proximity to the 5 Interstate, residents can conveniently connect to major employment hubs across Orange and Los Angeles Counties.

315 S Garnsey St, Santa Ana, CA

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