Est. cap rate

3.2%

Assumed rent, all units

$4,460/mo

Units

2

Price per unit

$414,500

Est. annual NOI

$26,760

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,610 sqft

Lot size

8,127 sqft

Year built

1938

Stories

1

Garage spaces

2

Cooling

None

Pool

None

Status

Active

Days on market

77

MLS #

243788454

About this property

Rare owner-user and investment opportunity in the heart of Santa Ana. 821 S. Orange Avenue is a duplex consisting of two 1-bedroom, 1-bathroom units, with one unit being delivered vacant at closing, allowing an investor to immediately capture market rents or an owner-occupant to offset housing costs with rental income. The property features individual garages, a spacious lot, and strong long-term rental demand driven by its central Orange County location. Situated minutes from Downtown Santa Ana, the Artist Village, government and employment centers, shopping, dining, and public transportation, the asset benefits from excellent connectivity to the I-5, SR-55, and SR-22 freeways. With stable in-place income, immediate upside through lease-up of the vacant unit, and continued demand for affordable rental housing in a supply-constrained market, this property offers an attractive flexibility and future appreciation potential.

Location

821 S Orange

Santa Ana, Orange, CA, 92701