High cap rate, prime 4-unit investment opportunity in the historic Wilshire Square neighborhood of Santa Ana, this fully rented and well-maintained fourplex offers strong, stable income with minimal owner expenses thanks to separately metered gas and electric for all units. The property features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, including a recently remodeled downstairs 2BR renting for $2, 800/month, an upstairs 2BR at $2, 500/month, and two 1BR units each renting for $2, 000/month—one with a newly updated kitchen—totaling $9, 300 in monthly rental income. A shared on-site laundry room adds convenience for tenants and potential additional revenue. Ideally located near the Bowers Museum, Santa Ana Zoo, Santa Ana College, Mater Dei High School, and the dining, cafés, and shops of Main Street and Downtown Santa Ana, with easy access to the 5, 55, and 22 freeways, this property blends neighborhood charm with urban accessibility. With Santa Ana’s ongoing revitalization and consistent rental demand, this fourplex delivers immediate cash flow and long-term upside for both seasoned and first-time multifamily investors. Drive by only—please do not disturb tenants.
