Property listed by Realty Network, Keith Geller 805-445-7544
$929,000
Excellent investment opportunity to own a well-located triplex in the heart of Santa Ana. Situated on an approximately 8,581 square foot lot, this property features three one-bedroom, one-bathroom units totaling approximately 1,801 square feet of living space. Two units are approximately 602 square feet each, while the third unit is… Read More approximately 597 square feet. One of the units enjoys exclusive use of a detached two-car garage and a private backyard, providing added appeal for tenants or a future owner-occupant. The property also offers additional on-site parking and individual electric meters. All tenants are currently on month-to-month rental agreements, subject to applicable California and local tenant protection laws, providing future ownership flexibility for an investor seeking to maximize the property's long-term potential or an owner looking to occupy one unit while generating rental income from the others. The spacious lot and functional layout offer excellent long-term investment potential. Conveniently located near shopping, restaurants, schools, parks, public transportation, and major freeways, this property provides easy access to employment centers throughout Orange County. Whether you are expanding your investment portfolio, completing a 1031 exchange, or purchasing your first income property, this triplex presents an outstanding opportunity in a strong rental market. Buyers are encouraged to verify all information, including square footage, permits, zoning, and intended use, to their own satisfaction. Read Less
Listing Snapshot
Days Online
8
Last Updated
Property Type
SingleFamilyResidence
Lot Size
0.2 Acres
Year Built
1921
MLS Number
V1-37588
Additional Details
Appliances & Equipment
GasCooktop, WaterHeater
Building
Built in 1921, 2 buildings, Levels: One
Community
Curbs, Gutters, Sidewalks
Cooling
None
Expenses
Insurance: $900, Operating: $15,534, Trash: $360
Fence
Wood
Fireplaces
None
Garage
2 spaces
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross Income: $59,400, Gross ScheduledIncome: $59,400, Net Operating Income: $43,866
Laundry
None
Lot
0.197 acres, SprinklersNone
Parking
2 total parking spaces, Driveway
Pool
None
Sewer
PublicSewer
Taxes
Parcel Number: 01105216, Lot: 8, Tract: 478
Utilities
Water Source: Public, 3 separate electric 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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