NOT LISTED FOR SALE

940 & 942 N Fair Way Santa Ana, CA 92703

6 Beds
2 Baths
2,000 Sq Ft
5,998 Sq Ft Lot

Last Sold January 07, 2022

Last sale price $830,000 $415 Per Sq Ft

107 Days on Market

Highlights

  • No Units Above
  • Granite Countertops
  • Skylights
  • John Marshall Elementary Rated A-
  • No HOA
  • Double Pane Windows

About This Home

As of January 2022

940 & 942 Fair Way, Santa Ana: Recently-renovated turnkey duplex located in Santa Ana’s designated opportunity zone. Each unit has three bedrooms with one bathroom and is separately metered for electricity and gas. Many recent improvements within the last five years including new roof, Mitsubishi mini-split air conditioning and heating systems, upgraded electrical service panel, vinyl dual-pane windows, kitchen cabinets and granite countertops, luxury vinyl plank flooring, water heaters and plumbing fixtures, drought tolerant landscaping and repaved driveway. This property is conveniently located within walking distance to the upcoming OC Streetcar station.

Last Agent to Sell the Property

Darren Baghdikian

Reeco License #01901983 Listed on: 08/27/2021

Co-Listed By

Curtis Cummins

Reeco License #01965572

Last Buyer's Agent

Maria Pimentel

1Vision Real Estate License #01886108

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 5,998 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Turnkey
  • Slab Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Living Room
  • Granite Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • No Interior Steps
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 2980
  • Assessor Parcel Number 40521128
  • $497 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $854
  • Trash Expense $665
  • Water Sewer Expense $990
  • Operating Expense $14,353
  • Gross Income $44,400
  • Net Operating Income $30,047

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 424995
  • Property Attached: Yes
  • Water Sewer Expenses: 990.00
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 40521128
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Tile, Vinyl
  • Accessibility Features: No Interior Steps
  • Levels: One
  • Price Per Square Foot: 415.00
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows, Skylight(s)

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Asphalt, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Ductless, Zoned
  • Sewer: Public Sewer
  • Trash Expense: 665.00
  • Water Source: Public
  • Cooling: Central Air, Ductless, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5998.00
  • Lot Size Acres: 0.1377

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 854.00
  • Lot Size Area: 5998.0000 Square Feet
  • Net Operating Income: 30047.00
  • 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: 14353.00
  • Rent Control: No
  • Total Actual Rent: 3700.00
  • Total Expenses: 14353.00

Tax Info

  • Tax Census Tract: 752.01
  • Tax Lot: 19
  • Tax Tract Number: 2980
  • TaxOtherAnnualAssessmentAmount: 497.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2022 01/07/22 Sold $830,000 -2.4% $415 / Sq Ft
08/27/2021 08/27/21 For Sale $849,990 -- $425 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Darren Baghdikian

    Reeco

    (877) 967-3326

    8 Total Sales

    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Curtis Cummins

    Reeco

    Section Image
  • Maria Pimentel

    Buyer's Agent in 2022

    Maria Pimentel

    1Vision Real Estate

    (949) 491-3911

    32 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21179582

California Regional Multiple Listing Service (CRMLS)

California Orange County Santa Ana 92703

940 & 942 N Fair Way, Santa Ana, CA

This home is located at 940 & 942 N Fair Way, Santa Ana, CA 92703 since 27 August 2021. This property was built in 1956. 940 & 942 N Fair Way is a home located in Orange County with nearby schools including John Marshall Elementary, Doig Intermediate School, and Los Amigos High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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. 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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