$1,045,000
$55K PRICE DROP

Estimated payment $6,124/month

Total Views 38,506
5 Beds
3 Baths
2,018 Sq Ft
$518 Price per Sq Ft

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room
  • Granite Countertops
  • Living Room
  • Tile Flooring

About This Home

Incredible Investment Opportunity in the Highly Desirable City of Santa Ana – Two Homes on One Corner Lot! Located on a prime corner lot, this property offers fantastic curb appeal and a wealth of potential! With two homes on a spacious lot, it’s the perfect opportunity for investors, homeowners seeking rental income, or those in need of multigenerational living options. The Main Home boasts 3 generous bedrooms, 2 bathrooms, and a kitchen with elegant granite countertops, abundant cabinet space, and a convenient pantry. The open floor plan seamlessly connects the living and dining areas to the remodeled kitchen, creating a welcoming atmosphere for family gatherings. Additionally, the attached 1-car garage offers direct access, while the gated driveway provides plenty of parking. The low-maintenance yard is ideal for hosting family and friends, making it a perfect space for relaxation and entertainment. The Second Home has been thoughtfully remodeled, featuring a modern kitchen with granite countertops, ample cabinetry, and a dining nook. The remodeled bathroom is equipped with a luxurious rain shower, and the living room’s high ceilings create an open and airy feel. Both bedrooms include mirrored closet doors, adding a touch of elegance and practicality. Each home has its own private entrance, ensuring privacy and comfort for all residents. The spacious yards provide ample room for relaxation, entertainment, and outdoor enjoyment. Prime Location: This property is centrally located near Santa Ana College, CHOC Children’s Hospital, parks, grocery stores, dining, and entertainment options. Commuters will appreciate the easy access to major freeways, including the 5, 22, 55, 57, and 405. The property is in great condition, with each unit having separate electric and gas meters. The current landlord covers water and trash, and there are fantastic tenants who are interested in extending their leases. With the potential for high returns, this is an investment you don’t want to miss. Don’t wait on this rare opportunity to own two homes on one lot in a prime location. Act now this property won’t last long!

Listing Agent

Joseph Lee

Nexteam Real Estate Brokerage Phone: 714-886-7571 License #01812590 Listed on: 02/07/2025

Nexteam Real Estate

Co-Listing Agent

Christine Kim

Nexteam Real Estate Brokerage Phone: 714-886-7571 License #01919773

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,228

Year Built

  • Built in 1915

Lot Details

  • 5,101 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • 00726115

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,018 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Granite Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Legal Lot and Block 9 / A
  • Tax Tract Number 233
  • Assessor Parcel Number 00726105

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,098
  • Maintenance Expense $2,543
  • Trash Expense $1,100
  • Water Sewer Expense $1,100
  • Operating Expense $6,081
  • Gross Income $62,973
  • Net Operating Income $56,892

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,228

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 522500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1100.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 00726105
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 517.84
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 1100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 00726115
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5101.00
  • Lot Size Acres: 0.1171

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 62973.00
  • Gross Operating Income: 62973.00
  • Gross Scheduled Income: 62973.00
  • Insurance Expense: 1098.00
  • Lot Size Area: 5101.0000 Square Feet
  • Maintenance Expense: 2543.00
  • Net Operating Income: 56892.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6081.00
  • Rent Control: Yes
  • Total Actual Rent: 62973.00
  • Total Expenses: 6081.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 748.02
  • Tax Lot: 9
  • Tax Tract Number: 233

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,228 $331,592 $268,110 $63,482
2023 $4,121 $325,091 $262,853 $62,238
2022 $4,074 $318,717 $257,699 $61,018
2021 $3,982 $312,468 $252,646 $59,822
2020 $3,987 $309,265 $250,056 $59,209
2019 $3,913 $303,201 $245,152 $58,049
2018 $3,769 $297,256 $240,345 $56,911
2017 $3,737 $291,428 $235,632 $55,796
2016 $3,665 $285,714 $231,012 $54,702
2015 $3,618 $281,423 $227,542 $53,881
2014 $3,556 $275,911 $223,085 $52,826
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Price Changed $1,045,000 -4.9% $518 / Sq Ft
07/08/2025 07/08/25 Price Changed $1,099,000 -0.1% $545 / Sq Ft
02/07/2025 02/07/25 For Sale $1,100,000 -- $545 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $264,000 Lsi Title Company
Trustee Deed $273,978 Accommodation
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Grant Deed $670,000 Southland Title Corporation
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Chicago Title Insurance Co
Grant Deed $295,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $315,000 New Conventional
Previous Owner $198,000 New Conventional
Previous Owner $103,000 Credit Line Revolving
Previous Owner $500,000 Negative Amortization
Previous Owner $289,000 Unknown
Previous Owner $236,000 Purchase Money Mortgage
Closed $29,500 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25026617

California Regional Multiple Listing Service (CRMLS)

APN: 007-261-05