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Wisdom Properties
1113 W Mcfadden, Santa Ana, CA 92707
- $1,250,000
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- OC26233282
- Year Built
- 1984
- Lot Size
- 7,165
- Acres
- 0.16
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 0
- Property Type
- Multifamily
- 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.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $86,400
- Operating Expense
- 27820
Listing courtesy of Listing Agent: Justin Butler (justin@kig-usa.com) from Listing Office: Kirklen Investment Group.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.