Est. cap rate

3.8%

Assumed rent, all units

$4,440/mo

Units

2

Price per unit

$349,950

Est. annual NOI

$26,640

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

1,869 sqft

Lot size

6,290 sqft

Year built

1922

Stories

1

Garage spaces

0

Style

Craftsman

Heating

Natural Gas,Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

3

MLS #

246287967

About this property

Solid Multi-family investment opportunity in a high demand Santa Ana location. This fixer-upper offers strong upside for the right buyer ready to renovate and capture market rents or create long-term equity Located in a convenient central area with easy access to the 5 and 22 freeways, downtown Santa Ana, local shopping, dining, schools, and employment centers. The property presents and excellent canvas for cosmetic and functional upgrades that can significantly increase rental income and overall value. Property is being sold as-is, Bring your contractor and vision-this is a value add play in a resilient Orange County rental market.

Location

1618 W 3rd

Santa Ana, Orange, CA, 92703