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$ 1,250,000
Est. payment /mo
New
1113 W Mcfadden Santa Ana, CA 92707
4 Beds
2 Baths
7,165 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26233282
Bedrooms 4
Lot Size 7,165 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Presenting 1113-1115 W McFadden Avenue, a single-story duplex in Santa Ana with a rare unit mix of two, four-bedroom, two-bath units. Four-bedroom units are scarce in Santa Ana's rental market and draw a deep pool of family tenants. This property offers two of them on one, 7,165 square foot parcel. The duplex produces $7,200 in monthly gross income, or $86,400 annually, and both units are fully leased. Income at this level is uncommon for a two-unit property and reflects the strength of the four-bedroom floorplans. Investors get stable, reliable cash flow from an asset that is simple to own and operate. Built in 1984, the property totals approximately 2,368 square feet. It includes a three-car garage, three open parking spaces, separately metered gas and electric, security screen doors, and a private fenced patio for each unit. The property is approximately .07 miles from Mater Dei High School, 1.8 miles from Santa Ana College and Downtown Santa Ana, and 3.1 miles from South Coast Plaza. Tenants have convenient access to the SR-55 and I-5 Freeways, connecting them to employment centers throughout Orange County.
Location
State CA
County Orange
Zoning Assessor
Direction 55 Fwy Exit McFadden
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 01027429
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Justin Butler, DRE#02092220 Kirklen Investment Group
NEARBY SCHOOL & BUSINESS