$1,625,000
2318 Franzen, Santa Ana CA 92705
Multi-Family (Fourplex)
Property type
1 day
On market
$389
Price per sqft
4 cars
Garage
1969
Year built
7,841 sqft
Lot size
Home highlights
Open Houses
Overview
Great opportunity to own a well-maintained 4-plex. The property consists of 1 3-bedroom 2-bath unit, 2 2-bedroom 2-bath units and a spacious 1-bedroom 1-bath unit. The 3-bedroom unit was just vacated, and the seller used the opportunity to fully refresh the space with a new kitchen, updated bathrooms, mirrored wardrobe closets, a new sliding door, and new flooring throughout...
Listing provided by: Steven White DRE #01925218 714-961-8328, SR White and Associates
Listing updated: Jun 11, 2026 at 12:29am.
Last checked: Jun 11, 2026 at 01:00am
Source: CRMLS #PW26126999
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | 1 | $3,450 | $3,450 | $3,450 | Unfurnished |
| 1 | 2 | 2 | 1 | $2,066 | $2,066 | $2,850 | Unfurnished |
| 1 | 2 | 2 | 1 | $1,994 | $1,994 | $2,850 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,754 | $1,754 | $2,100 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Carpet: 4
Dishwasher: 4
Disposal: 4
Ranges: 4
Rent Control: Yes
Units Leased: 4
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
14.4x
List Price / Annual Gross Rent
Cap Rate
4.71%
NOI / List Price
Gross Scheduled Income: $113,143
Operating Expense: $36,558
Net Operating Income: $76,585
Annual Operating Expenses
Electric: $270
Gardener: $2,400
Fuel: $1,671
Insurance: $2,520
Licenses: $400
Maintenance: $4,880
New Taxes: $18,322
Pest Control: $684
Trash: $4,100
Water / Sewer: $2,821
Interior
Flooring: Carpet, Laminate, Tile, Vinyl
Cooling: None
Heating: Central
Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Vented Exhaust Fan
Fireplace: Living Room
Laundry: Common Area
Entry Location: Ground
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Foundation: Slab
Window Features: Double Pane Windows
Common Walls: Two Common Walls Or More
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Front Yard, Lawn, Level, Sprinkler System
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
View: None
Garage and Parking
Parking: Assigned, Door Single, Garage
Garage Spaces: 4
Uncovered Spaces: 3
Parking Total: 7
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 39613139
Additional Parcels: No
Tax Lot: 10
Subdivision: Other
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 2318 Franzen, Santa Ana, CA 92705. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,300,000
Total Interest
$1,658,078
Total Payment
$2,958,078
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,060
per month
Property History for 2318 Franzen
Santa Ana Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92705.
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