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2236 Franzen Ave
Santa Ana, CA 92705 Santa Ana

$1,595,000 USD

Multifamily For Sale  •  4,213 SF

Property Details

• Property Type Multifamily
• Total Building Size 4,213 SF
• Lot Size 0.18 AC
• Year Built 1969
• Cap Rate 4.06 %

30 Transit Score

70 Walk Score

Highlights

Desirable Unit Mix of 1, 2 & 3 Bedroom Units - Units Average Over 1,050 SF per Unit

Long Term Ownership - First Time on the Market in Over 20 Years

Projected 22% in Rental Upside; 5.4% Cap Rate on Market Rents

Incredible Location near the Tustin/Orange border

Financial Summary (Actual)

Net Operating Income: $64,826 USD (2026)

Cap Rate:	4.06 %
Total Expenses:	$36,369 USD

Amenities

• Air Conditioning
• Balcony
• Fireplace
• Laundry Facilities
• Patio

Public Transportation

Commuter Rail	Drive	Walk	Distance
Santa Ana Metrolink Station (Metrolink Inland Empire-Orange County Line - Amtrak, Metrolink Orange County Line - Amtrak, Pacific Surfliner - Amtrak)	6 min	-	2.7 mi
Orange Metrolink Station (Metrolink Inland Empire-Orange County Line - Metrolink Trains, Metrolink Orange County Line - Metrolink Trains)	7 min	-	2.8 mi
Airport	Drive	Walk	Distance
John Wayne/Orange County	11 min	-	7.8 mi
Long Beach (Daugherty Field)	28 min	-	22.2 mi
Ontario International	46 min	-	36.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	Surface
Included in Rent:	Yes