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Ryan Arita

ryan.arita@exprealty.com +1(818) 288-8857

$1,250,000

Est. payment - /mo

7,165 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26233282

HOA Y/N No

Year Built 1984

Lot Size 7,165 Sqft

Property Sub-Type Duplex

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

Area 699 - Not Defined

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 01027429

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Justin Butler Kirklen Investment Group 949-202-7255, DRE #02092220

NEARBY SCHOOL & BUSINESS

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1113 W Mcfadden Santa Ana, CA 92707