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Listed by Tony Nguyen, DRE #02162807 • New Empire Realty
$ 1,450,000
Est. payment | /mo
5 Beds
4 Baths
1,801 SqFt
$ 1,450,000
Est. payment | /mo
5 Beds
4 Baths
1,801 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,801 sqft
Price per Sqft $805
MLS Listing ID CROC26193623
Bedrooms 5
Full Baths 4
Year Built 1949
Lot Size 6,300 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
Property Description
Excellent opportunity for investors or owner-occupants seeking immediate cash flow, multiple living spaces, and additional rental upside. Located at 2118 S Park Dr, Santa Ana, CA 92707, this property features a charming main residence plus a newer 3-bedroom, 2-bath ADU built in 2022. The property currently generates approximately $6,000 per month in combined rental income - roughly $72,000 annually. The main house is occupied by a long-term tenant of approximately 14 years, providing valuable rental stability with annual rent increases. Current rents may also offer additional future upside toward fair-market levels, subject to applicable lease terms and rental regulations. The main residence is a charming circa-1949 bungalow that has undergone extensive professional-level remodeling. Interior upgrades include recessed ceiling lighting, an updated kitchen with black stone countertops, newer cabinetry, stainless-steel sink, easy-care tile flooring throughout, and double-pane windows. A backyard patio slider provides convenient access to the private outdoor living area with steel side-yard gates providing added privacy and security. Adding tremendous value is the 2022-built 3-bedroom, 2-bath ADU, creating a highly desirable two-unit living arrangement and multiple income possibil
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Cooling Central AC
Fireplaces Type None
Laundry Gas Hookup, 30
Exterior
Garage Spaces 1.0
Pool None
View Local/Neighborhood
Building
Story One Story
Water District - Public
Others
Tax ID 01520305
Special Listing Condition Not Applicable
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