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.
1001 is the other front house address.
Add - an ADU and build an addition to the front house.
You will end up with FOUR completely detached, separate residences, bringing in an addition of around $40,000 annual rent increase with those TWO additions.
** Seller has APPROVED PLANS from the city & Building PERMIT for ADU.
Will be TRANSFERRED at NO additional cost (please see supplements)
Reach CAP rate - Upto 8% CAP
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 cabinets
IN 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.
All furniture and landscape are virtually staged.
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
|
247
|
LAST UPDATED
|
5/30/2025
|
|
TRACT
|
Other
|
YEAR BUILT
|
1986
|
|
COMMUNITY
|
69 - 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 |
69 - Santa Ana South of First |
| GARAGE |
Yes |
| HEAT |
None |
| INTERIOR |
Open Floorplan, Storage |
| LOT |
9583 sq ft |
| PARKING |
Direct Access, Garage, On Site, Oversized, On Street |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
One, Two, Multi/Split |
| SUBDIVISION |
Other |
| TAXES |
18500 |
| UTILITIES |
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ben
Salem to contact you even if your name is on a Federal or State
"Do not call List".
Listed with T.N.G. Real Estate Consultants
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 6/8/25 2:06 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
This IDX solution is (c) Diverse Solutions 2025.
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