Property listed by eXp Realty of Greater Los Angeles, OMAR ANSARI 951-642-6984
$829,000
One of those investment opportunities in Santa Ana that has multiple ways to create value. Located in an area with strong rental demand and low vacancy, this property sits on a large, usable 7,000 sq. ft. lot with plenty of room to grow.
The property consists of three units: a 2-bedroom,… Read More 1-bath unit, a 1-bedroom, 1-bath unit, and a move-in-ready studio above the rear garage. One of the units is currently vacant, making it a great fit for an owner-occupant looking to offset their mortgage with rental income or an investor looking to lease at market rent.
The real story here is the upside. The property includes two separate garage structures that may offer future ADU conversion potential (buyer to verify), giving buyers the opportunity to add additional units and increase income over time. With some improvements, the property has the potential to bring in approximately $6,000 per month in gross rental income.
Large lots, multiple units, ample parking, and future development potential are getting harder to find in Santa Ana. Whether you're looking to expand your portfolio, complete a 1031 exchange, or live in one unit while collecting rent from the others, this property offers flexibility with room to improve and grow. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Duplex
Lot Size
0.16 Acres
Year Built
1940
MLS Number
IV26142843
Additional Details
Appliances & Equipment
GasRange, WaterHeater
Building
Built in 1940, 2 buildings, 1 storey, Entry level: 1, Entry location: Front Door
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, Standard, 2 separate electric meters, 2 separate gas meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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