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1516 W 5th
699 - Not Defined Santa Ana 92703

$1,180,000
Residential Income built: 1951

Main Photo: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 1: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 2: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 3: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 4: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 5: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 6: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 7: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 8: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 9: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 10: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 11: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 12: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 13: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Photo 14: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
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Photo 16: 1516 W 5th in Santa Ana: Residential Income for sale (699 - Not Defined)  : MLS®# NP26218335
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
NP26218335
Year Built:
1951
Located in the heart of Santa Ana, this single-story fourplex represents a fully stabilized, turnkey investment designed for low-expense operations. Thorough property updates include a brand-new roof, an upgraded electrical system, energy-efficient dual-pane vinyl windows, and full termite clearance. Inside, residents enjoy brand-new modern kitchens and bathrooms, pristine new flooring, and newly installed AC and heating units for year-round comfort. Externally, the property boasts major aesthetic curb appeal alongside a freshly paved parking lot that provides eight dedicated spots—rendering it exceptionally overparked for a fourplex. Perfect for owner-occupied financing, one unit can be delivered vacant at closing, while the remaining units are leased to qualified residents commanding strong market rents. Situated just minutes from Downtown Santa Ana, Santa Ana College, the Civic Center, and major freeway corridors, this property offers unbeatable access to key local points of interest. Please contact agent to inquire about purchasing the ADJACENT fourplex.
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
6,098 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Year built:
1951 (Age: 75)
General Listing Location:
Santa Ana, 699 - Not Defined
County Or Parish:
Orange
Common Interest:
None
Gross Income:
$1,956
Gross Scheduled Income:
$97,713
Net Operating Income:
$72,789
Cap Rate %:
6.17
Rent Control:
Yes
Land Lease:
No
Gardener expense:
1200.0
Insurance Expense:
$1,400
Maintenance Expense:
$1,400
Taxes expense:
14338.0
Operating Expense:
$21,993
Other Expense:
$400
Trash Expense:
$2,022
Water and Sewer Expense:
$1,233
Vacancy Allowance Rate:
$3
Tax Lot:
5
Tax Block:
5
Northwest Block of 1st and Bristol
Number of Buildings:
1
# of Electric Meters:
4
# of Gas Meters:
4
# of Water Meters:
1
Community Features:
Suburban
Senior Community:
No
Laundry Features:
None
Pool Features:
None
Private Pool:
No
Lot Features:
11-15 Units/Acre
Num Stories:
1
Entry Level:
1
Entry Location:
1
New Constr.:
No
Common Walls:
2+ Common Walls
# Units:
4
Water supply:
Public
Sewer:
Public Sewer
Garage Spaces:
0
Uncovered Spaces:
6
Total Parking Spaces:
6
Special Listing Conditions:
Standard
Parcel Number:
40505407
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Listed by R L M Equities
Data was last updated October 9, 2026 at 02:40 PM (UTC)