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Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24069880
Sold Date 05/16/24
Bedrooms 5
HOA Y/N No
Lot Size 7,405 Sqft
Property Description
Ideal Duplex investment opportunity with 5% Cap rate, no need to worry about under market rents since you get to pick your own tenants, or purchase as a shared home with private units for extended family. Superbly located on a tree lined street in the Shadow Run area of Santa Ana boasting a large flat usable lot, within walking distance of shopping, dining, local parks, and schools, the well maintained freshly painted exterior and green grassy front lawn welcome you to this property. Pass through the gated entrance down the pathway lined with colorful landscaping where you will find units A & B on your left, each unit has separate gas and electric meters, and the property has 1 water meter. Both units are move in ready with desirable single level floor plans and have freshly painted neutral interiors with easy care tile floors, spacious light filled living areas, dual pane windows, and sparkling updated kitchens with timeless white shaker cabinetry, granite countertops, updated faucets and hardware, new stainless steel gas stoves, sunny breakfast nooks, prized breakfast bars, and direct access to the backyard and patio. Unit A has 2 bedrooms with mirrored closet doors and updated ceiling fans and a full bath. Unit B boasts a primary bedroom suite with en-suite bath which has been beautifully updated with a Quartz topped vanity, new faucet, new hardware, new lighting and a step-in shower. Unit B also includes 2 guest bedrooms and an updated full guest bath with new Quartz topped vanity, new sink faucet, and new lighting. There is an onsite shared laundry room with full size
Ideal Duplex investment opportunity with 5% Cap rate, no need to worry about under market rents since you get to pick your own tenants, or purchase as a shared home with private units for extended family. Superbly located on a tree lined street in the Shadow Run area of Santa Ana boasting a large flat usable lot, within walking distance of shopping, dining, local parks, and schools, the well maintained freshly painted exterior and green grassy front lawn welcome you to this property. Pass through the gated entrance down the pathway lined with colorful landscaping where you will find units A & B on your left, each unit has separate gas and electric meters, and the property has 1 water meter. Both units are move in ready with desirable single level floor plans and have freshly painted neutral interiors with easy care tile floors, spacious light filled living areas, dual pane windows, and sparkling updated kitchens with timeless white shaker cabinetry, granite countertops, updated faucets and hardware, new stainless steel gas stoves, sunny breakfast nooks, prized breakfast bars, and direct access to the backyard and patio. Unit A has 2 bedrooms with mirrored closet doors and updated ceiling fans and a full bath. Unit B boasts a primary bedroom suite with en-suite bath which has been beautifully updated with a Quartz topped vanity, new faucet, new hardware, new lighting and a step-in shower. Unit B also includes 2 guest bedrooms and an updated full guest bath with new Quartz topped vanity, new sink faucet, and new lighting. There is an onsite shared laundry room with full size appliance hookups and a highly desirable 2 car garage with storage cabinets. Blessed with a huge shared space backyard with large patio, manicured landscaping, wrap around grassy lawn, fragrant fruit bearing trees, and mature landscaping. Within walking distance of multiple schools, shopping, dining, and close to Centennial Park with picturesque lakes and walking paths, picnic areas, playground, sports fields and courts, and skate park.
Location
State CA
County Orange
Area Oc - Santa Ana (92704)
Zoning Assessor
Interior
Appliance Forced Air Unit
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Leland Pfannenstiel • Regency Real Estate Brokers