Ideal for Multi-Generational Living – Comfort, Privacy & Convenience in One Property . Welcome to a rare opportunity in a SAFE neighborhood. This perfectly designed property offers multiple private living spaces and for every generation ** Live in one house and rent the other TWO residences. Rent will pay for your mortgage.
Total 3 completely separate, detached residences** Current INCOME $106,500 annually, reliable tenants *Increase it by $40,000 annually with ADU *Even with only a 3% rent increase, your rent is above market average with all the upgrades. Also located in highly desired, safe, high dense rental area / Each house features its own entrance, kitchen, full baths. Located in a family-friendly, quiet neighborhood, minutes from schools, parks, shopping and transit. Key Features: Separate entrances for max privacy / BIG LOT for kids play area ** SEPARATELY metered for gas, electric and water, mailing address:1001-1003 *BUILD an ADU and an addition for the front house, you will end up with FOUR spacious, private residences ** STOP bt my OPEN HOUSE - Seller has APPROVED PLANS from the city & Building PERMIT. Will be TRANSFERRED at NO additional cost (see supplements). Reach Upto 8% CAP rate: One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchen) to the FRONT HOUSE ** In 2022 MAJOR REMODEL done. BIG house at the back is split on the inside to 2 large residences: Unit A – feels like Single Family (no common walls), 2 story, upstairs - downstairs with total 5 rooms, 3 spacious bedrs, 2 full bath & loft w/2 open rooms, turn them to 2 rooms , 3 car garage * One bed, full bath is DOWNSTAIRS. Unit B is upstairs 3 rooms, 2 spacious bedrs and family room, full bath & kitchen. Front house is a SINGLE STORY - 2 bedrs, one FULL bath & kitchen, spacious family room, 2 garage. Built 1936. Over $200,000 in Upgrades, new double-pane windows, floors & completely new kitchen cabinets w/granite counters. NEW bath vanities & tubs. HUGE lot for extra parking, upto 9 cars (can be extra income) Gate for privacy. Over $27,000 in design & city fees paid & included in the purchase price. The City of Santa Ana is a historic city w/ vibrant downtown located in OC *CENTRALLY located, close to MAJOR fwy 22,5,57. Discovery science, Outlet mall. MUST SEE to appreciate the flow & floor plan. Furniture & landscape virtual staged. Pls DO NOT go direct & disturb tenants. Offers subject to interior inspection. Pls request PROPERTY VIDEO & rental cash flow.