223 S Orange, Santa Ana, CA 92701
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
223 S Orange,Santa Ana, CA 92701
$1,350,000
- 5 Beds
- 8 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: justin butler
Office: kirklen investment group
MLS#:OC25265433
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,350,000
About this home
Presenting 223 South Orange Avenue, a high-cash-flow five-unit multifamily investment property located in the desirable Pacific Park neighborhood of Santa Ana, California. The property features a spacious Victorian front house configured as a five-bedroom, five-bath unit, complemented by a rear four-plex offering efficient studio floorplans designed to maximize rental income and promote long-term occupancy stability. Residents enjoy desirable amenities including an on-site laundry facility, a shared central courtyard, four individual garage parking spaces, and security screen doors. The property has been professionally managed throughout ownership, ensuring consistent performance and reliable cash flow. A Ratio Utility Billing System (RUBS) is in place, effectively reducing ownership expenses and improving operating efficiency. Recent capital improvements include upgraded electrical panel on the front house. While the property provides strong in-place income, additional interior and exterior renovations present a clear opportunity to further enhance value, elevate curb appeal, and achieve higher market rents. The garages offer an additional value-add opportunity in which buyers may rent them out for supplemental income or explore converting them into an ADU to further maximize returns (buyer to verify all ADU feasibility with the City of Santa Ana). The asset currently generates $129,775 in gross annual income ($10,815 per month), reflecting a strong 10.40 Gross Income Multiplier (GIM) with meaningful upside through strategic improvements and rent repositioning. Ideally loc
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Home facts
- Listing ID #:OC25265433
- Added:1 day(s) ago
- Updated:November 24, 2025 at 11:33 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:8
Finances and disclosures
- Price:$1,350,000
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