1516 W 5th Street, Santa Ana, CA 92703

Property Description

Two adjacent fourplex buildings in central Santa Ana, located at 1512 W 5th Street and 1516 W 5th Street. Each property is on its own parcel and can be purchased together as a portfolio or separately, giving investors flexibility in their approach.Both buildings were constructed in 1951 and share identical layouts, with each consisting of four 1-bedroom, 1-bathroom units. The properties are occupied by long-term, month-to-month tenants, creating a stable foundation with the potential to reposition and increase overall performance.The buildings are situated in a desirable part of Santa Ana, just minutes from City Hall, the Civic Center, and major employment hubs. The central location also offers convenient access to retail, dining, and public transportation, making the area attractive to renters and supporting long-term demand.This offering provides a rare chance to acquire classic mid-century rental assets with strong upside in one of Orange County's most dynamic multifamily markets.