Description
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.
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5BEDS
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0.22ACRES
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3BATHS
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01/2 BATHS
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3,263SQFT
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$511$/SQFT
Description
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-26T14:33:25.157. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.