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TWO SINGLE FAMILY houses - with total THREE completely sperate, detached residences. * The TWO houses are STAND ALONE & SEPARATELY metered for gas, electric and water, each has own mailing address. Add - ADU - to the big building and build an addition for the front house, you will end up with FIVE residences.** Seller has APPROVED PLANS from the city & Building PERMIT.Will be TRANSFERRED at NO additional cost (see supplements)Upto 8% CAP rate & approx. $40,000 annual rent increase with those TWO additions:One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchen) to the FRONT HOUSE.Current INCOME $106,500 annually, from ALL 3 residences. $8,880/month - reliable tenants.Increased by another $3,450/month with ADU. Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year. This multi-family BIG house at the back of the lot is split on the inside to 2 units, you can live in one unit and rent the other.Unit A – feels like Single Family (no common walls), it is 2 story, upstairs - downstairs with total 5 rooms, 3 spacious bedrs & loft w/2 open rooms, can be turned to 2 rooms & 2 full bath, 3 car garage (detached) ** One bedroom and full bathroom is DOWNSTAIRS.Unit B – is an upstairs unit - total 3 rooms, 2 spacious bedrs, spacious family/dining room, one full bath & kitchen. Front house is a SINGLE STORY - 2 bedrs, one FULL bath & kitchen, spacious family/dining room, 2 attached garage. ** In 2022 MAJOR REMODEL done, new double-pane windows, new floors everywhere & completely new kitchen cabinets w/granite countertops. NEW bathroom vanities & tubsLARGE Lot approx 9,583 sq.ft, additional parking, upto 9 cars (can be additional rent income)Gate for privacy.Over $27,000 in design & city fees paid & included in the purchase price. Whether you're looking for a multiple families residence or an investment opportunity, this income generating property has it all. One of the strongest rental markets in So Cal. The City of Santa Ana is a historic city w/ vibrant downtown located in OC.South of First st, close to Flower, Bishop & Bristol st.* CENTRALLY located, close to MAJOR fwy 22,5,57. Plenty of activities, Bowel museum, Discovery science, Outlet mall w/ indoor skate.Must see to appreciate the flow & floor plan. Virtually staged. Pls DO NOT go direct & disturb tenants. Offers subject to interior inspection. Pls request PROPERTY VIDEO & rental cash flow.
Property Type(s):
Multi Family
| Last Updated | 3/8/2025 | Tract | other |
|---|---|---|---|
| Year Built | 1986 | Community | Santa Ana South of First |
| Garage Spaces | 5.0 | County | Orange |
SCHOOLS
| School District | Santa Ana Unified |
|---|
Price History
| Prior to Mar 8, '25 | $1,199,000 |
|---|---|
| Mar 8, '25 - Today | $1,668,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Electric Oven, Electric Range, Gas Oven, Gas Range, Microwave, Tankless Water Heater, Water Heater |
| AREA | Santa Ana South of First |
| GARAGE | Door-Multi, Door-Single, Driveway, Garage, Garage Faces Front, Off Street, On Site, One Space, Paved, Yes |
| HEAT | None |
| HOA DUES | 0 |
| INTERIOR | Bedroom on Main Level, Breakfast Bar, High Ceilings, Loft, Multiple Staircases, Open Floorplan, Pantry, Quartz Counters, Storage |
| LOT | 9580 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre, Landscaped, Street Level |
| PARKING | Door-Multi,Door-Single,Driveway,Garage Faces Front,Garage,On Site,Off Street,Paved,One Space |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | other |
| UTILITIES | Electricity Available,Natural Gas Available,Sewer Available, Electric: Electricity - On Property |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | R2 |
Location
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Listed with T.N.G. Real Estate Consultants
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