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Listed by Justin Butler • Kirklen Investment Group
$1,250,000
Est. payment /mo
2,368 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,368 sqft
Price per Sqft $527
MLS Listing ID OC-26233282
Year Built 1984
Lot Size 7,165 Sqft
Property Sub-Type Duplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Presenting 1113-1115 W McFadden Avenue, a single-story duplex in Santa Ana with two units currently configured and leased as four-bedroom, two-bath residences. Orange County Assessor records reflect each unit as three-bedroom, two-bath, and buyers should verify the unit configuration during due diligence. Large family floorplans are scarce in Santa Ana's rental market and draw a deep pool of family tenants. The property sits on a 7,165 square foot lot.
The duplex produces $7,200 in monthly gross rental income, or $86,400 annually, and both units are fully leased with no vacancy. 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 0.7 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.
The duplex produces $7,200 in monthly gross rental income, or $86,400 annually, and both units are fully leased with no vacancy. 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 0.7 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
Interior
Laundry Gas & Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Assigned
Garage Spaces 3.0
Pool None
Community Features Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900