$1,795,000
-$105,000308 S Laurel Street, Santa Ana CA 92704
Multi-Family (4 Units)
Property type
229 days
On market
$527
Price per sqft
3 cars
Garage
2024
Year built
6,524 sqft
Lot size
Home highlights
Open Houses
Overview
Welcome to 308 Laurel Apartments, a 4-unit multifamily investment property nestled in the highly desirable neighborhood of Santa Ana. Brand New Construction (2024) UNIT 1: What sets this property apart is the addition of a brand-new ADU; offering 2 bed/2 bath 800 SF with an open floor plan, central A/C, modern cabinets, quartz countertops, high-quality appliances, wood...
Listing provided by: Nhi Phan DRE #02178756 657-233-5233, Real Broker
Listing updated: Jun 16, 2026 at 06:02pm.
Last checked: Jun 16, 2026 at 06:30pm
Source: CRMLS #OC25238691
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $2,800 | $2,800 | $2,900 | Unfurnished |
| 1 | 2 | 1 | — | $2,800 | $2,800 | $2,800 | Unfurnished |
| 1 | 2 | 1 | — | $2,750 | $2,750 | $2,800 | Unfurnished |
| 1 | 2 | 1 | — | $0 | $0 | $2,750 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Dishwasher: 4
Ranges: 4
Rent Control: No
Units Leased: 3
Total Actual Rent: $100,200
Tenant Pays: All Utilities
Financial Snapshot
Gross Rent Multiplier
13.6x
List Price / Annual Gross Rent
Cap Rate
5.68%
NOI / List Price
Gross Scheduled Income: $132,300
Vacancy Allowance: $2,646
Vacancy Allowance Rate: 2%
Operating Expense: $30,108
Net Operating Income: $101,892
Annual Operating Expenses
Insurance: $3,404
Maintenance: $3,960
New Taxes: $20,104
Trash: $0
Water / Sewer: $0
Interior
Interior Features: Recessed Lighting, All Bedrooms Up
Room Type: Bedroom, Kitchen, Living Room
Flooring: Vinyl
Cooling: Central Air
Heating: Central
Appliances: Dishwasher, Gas Range, Range Hood
Fireplace: None
Laundry: Washer Hookup, Gas Dryer Hookup
Entry Location: Entry Door
Exterior
Property Attached: Yes
Stories Total: 2
Levels: One, Two
Roof: Asphalt
Common Walls: Two Common Walls Or More
Pool: None
Water Source: Public
Sewer: Public Sewer
View: None
Garage and Parking
Parking: Driveway, Garage, On Street
Garage Spaces: 3
Uncovered Spaces: 4
Parking Total: 7
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 14433118
Additional Parcels: No
Tax Lot: 43
Subdivision: Other
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks