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Amazing Investment property located in North East Santa Ana, bordering North Tustin and Orange. The property is located less than 2 miles from both CHOC and St Joseph's Hospitals with high rental demand. This family neighborhood is also close to the 55, 22 and 5 freeways. The Covington style 4-plex's unique unit mix has been coveted since it's inception. The front unit is a spacious 3-bedroom/1.75 bath (over 1,400 sq ft)/ There are also two comfortable 2-bed/1.75 bath units and one cozy 1-bedroom/1 bath unit. The upstairs units both have balconies, and the downstairs units have private enclosed patios. All units are individually metered for electricity and have their own private enclosed garage. The building offers 4213 sq feet of living space on a 8,276 square foot lot. The roof was replaced in 2024. The current annual income is approx. $93,000, giving any investor the possibility of stable and impressive returns right away. The uniqueness, charm, desirability and location of this 4 unit investment property ensure low vacancy rates and long-term desirability. This is a rare investment opportunity in a highly desirable area, one that doesn't come around often. Don't miss out! Listing Agent is related to the owner.
Property Type(s):
Residential Income
| Last Updated | 4/10/2025 | Year Built | 1969 |
|---|---|---|---|
| Community | North Tustin | Garage Spaces | 4.0 |
| County | Orange |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Built-In Range, Dishwasher, Disposal, Double Oven, Electric Oven, ENERGY STAR Qualified Water Heater, Gas Water Heater, Range Hood, Self Cleaning Oven, Water Heater, Water To Refrigerator |
| AREA | North Tustin |
| FIREPLACE | Yes |
| GARAGE | Garage, Yes |
| HEAT | Central, Fireplace(s), Forced Air |
| HOA DUES | 0 |
| INTERIOR | Balcony, Ceiling Fan(s), Solid Surface Counters, Storage, Tile Counters, Unfurnished |
| LOT | 8276 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Sprinkler System, Sprinklers In Front, Sprinklers Timer, Street Level, Trees |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, Electric: Electricity - On Property,Standard |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Newcastle Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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