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446 E Central Avenue Santa Ana, CA 92707
$829,900

Property listed by Landmark Realtors, Rayetta Philen. IDX Contact: 949-470-3600

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  • David Oronoz

    David Oronoz

    Principal | Multifamily Investments

    DRE# 01838862

  • Bobby Aschtiani

    Bobby Aschtiani

    Principal | Multifamily Investments

    DRE# 02048373

  • Chris Pettit

    Chris Pettit

    Founder

    DRE# 01983950

Property Description

WOW! 2 separate houses on one APN number. Zoned R2. Owned by same family for over 100 years. Each house has it’s own address & own utilities. Separate gas, water & electrical meters. Legal description only list the back house on the APN. The back house is about 75 years old, it was Acquired when the 55 freeway was widened in late 1960s. Purchased at auction & moved, by the city, to the lot. Good condition with living room, eat in kitchen, 3 bedrooms & 1 large bathroom, Small backyard & side yards. Front house was built approx 1920, but remolded in 1990s. It’s in good condition with living room, eat in kitchen, 2 bedrooms & 2 bathrooms. It has a fenced front yard. Each property has an inside laundry room. New stoves in each. Over the years, there’s been some updating to some windows, most cabinets/counters/flooring/etc. There’s a 2 car detached garage between the 2 houses, over the years, as rentals, this was a shared feature. It can be converted to a JADU for additional rental income. Location on the street is excellent with an elementary school, civic center & church all located directly across the street from the property, providing additional parking. Just off the 55 Freeway. Unique opportunity for investment, rents run between $2100-$2600 for the area/per unit. Or great for generational or extended family living. These types of properties rarely come to the market. Don’t wait to show them!

Property Details & Features

Property Type

  • Duplex

Year Built

  • 1920

Property Access

  • City Street
  • Paved

Appliances and Equipment

  • Free-Standing Range

House

  • 1 total stories
  • Built in 1920
  • Stories: 1
  • 1900 total building sqft
  • Bungalow
  • No Common Walls
  • Drywall
  • Stucco
  • One

Community

  • Park
  • Sidewalks

Expenses

  • Insurance Expense: $1,800
  • Maintenance Expense: $2,400
  • Operating Expense: $13,800
  • Pest Control Expense: $1,200

Fence

  • Average Condition
  • Block
  • Wrought Iron

Fireplaces

  • Family Room

Floors

  • Carpet
  • Tile

Garage

  • 2 garage spaces

Income

  • Gross Income: 2400
  • Gross Scheduled Income: 56400
  • Net Operating Income: 45000

Interior Features

  • Block Walls
  • Ceiling Fan(s)
  • Granite Counters
  • All Bedrooms Down
  • Bedroom on Main Level
  • Main Level Master
  • Walk-In Closet(s)

Laundry

  • Inside
  • Laundry Room

Listing

  • Listing ID: OC22176877
  • Property Subtype: Duplex
  • 8 days on market
  • Listed on 2022-09-21

Location

  • County: Orange
  • Subdivision: Other (OTHR)

Lot

  • 6970 sqft
  • 0.16 acres
  • Area: 6970
  • Front Yard

Parking

  • 2 total parking spaces
  • Concrete
  • Driveway
  • Garage

Possession

  • Close Of Escrow

Property

  • 2 buildings
  • 2 units
  • Two On A Lot

Roof

  • Shingle

Sewer

  • Public Sewer

Taxes

  • New Taxes: $8,400

Tenant Pays

  • All Utilities
  • Trash Collection
  • Water

Utilities

  • 2 separate electric meters
  • 2 separate gas meters
  • 2 separate water meters
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

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