CASH FLOW $107,000 current annual rent income - reliable tenants.TWO SINGLE FAMILY houses - with total THREE completely separate, detached residences. * The TWO houses are STAND ALONE & SEPARATELY metered for gas, electric and water, each has its own mailing address. Add - TWO ADUs , you will end up with FIVE residences.** Seller has APPROVED PLANS from the city & Building PERMIT for ADU.Will be TRANSFERRED at NO additional cost (see supplements)Reach CAP rate - Upto 8% CAP / and additional $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.Increase in RENT 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. Currently 3 units – 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units – 12 rooms and 6 bathrooms** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinetsIN 1986, BACK house SFR was build 7 rooms & 3 Full Bath, split into 2 units from inside.Original FRONT single family House, one level, 2 beds & 1 FULL Bath. Sitting on a LARGE Lot approx 9,583 sq.ft Currently leased to reliable tenants at above-market rates, this property ensures immediate income for prospective buyers.GREAT INVESTMENT. SELLERS will consider all offers. * CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Offers subject to interior inspection. Must see in person to appreciate the flow and floor plan. PROPERTY VIDEO and rental cash flow are available - please request it.Referrals for contractors that can get ADU started immediately will be provided too.
|
DAYS ON MARKET
|
220
|
LAST UPDATED
|
4/23/2025
|
|
TRACT
|
Other
|
YEAR BUILT
|
1986
|
|
COMMUNITY
|
Santa Ana South of First
|
GARAGE SPACES
|
5.0
|
|
COUNTY
|
Orange
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| APPLIANCES |
Electric Range, Gas Range, Gas Water Heater, Tankless Water Heater, Water Heater |
| AREA |
Santa Ana South of First |
| GARAGE |
Direct Access, Door-Multi, Garage, On Site, One Space, Oversized, Public, Yes |
| HEAT |
None |
| HOA DUES |
0 |
| INTERIOR |
Bedroom on Main Level, Multiple Staircases, Open Floorplan, Quartz Counters, Storage |
| LOT |
9583 sq ft |
| LOT DESCRIPTION |
2-5 Units/Acre |
| PARKING |
Door-Multi,Direct Access,Garage,On Site,Oversized,Public,One Space |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| SUBDIVISION |
Other |
| TAXES |
18500 |
| UTILITIES |
Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Electricity - On Property |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
R2 |
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/12/25 3:47 AM PDT 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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