Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

2

Building size

1,957 sqft

Lot size

16,117 sqft

Year built

1950

Stories

1

Garage spaces

3

Heating

Central

Cooling

Central Air

Pool

None

View

Neighborhood

Status

Active

Days on market

82

MLS #

248768880

About this property

TWO DETACHED RIVERVIEW WEST HOMES ON A 16,010 Sq Ft R1 CORNER LOT. Discover a unique opportunity with this exceptional offering in Riverview West where each home has its own street address, separate utilities and frontage. 4301 W. Lilac Ave. features 3 bedrooms plus an office/flex room, 1 bathroom, and spans 1,008 sq ft. It has been recently remodeled with an updated kitchen, Shaker cabinetry, new countertops, fresh paint, hard-surface flooring, new central heating and A/C, a new roof, new windows, and new turf landscaping. It also includes a 2-car garage with laundry hookups. This property is positioned on the larger approximately 10,000 sq ft portion of the lot. 1223 S. Gates St. includes 2 bedrooms and 1 bathroom, covering 948 sq ft. It has a 1-car garage, washer/dryer hookups, and a large, fenced yard of about 6,000 sq ft. Both homes have been county-confirmed, permitted, and are reflected on title. Currently, both homes are tenant-occupied and generating income—the 3-bedroom home is leased through October 2026, while the 2-bedroom home is on a month-to-month lease. This setup is ideal for investors, owner-occupants, or multigenerational living situations. Massive Lot Potential for Split. A licensed surveyor has confirmed that this over 16,000 sq ft corner lot can be divided into two independent parcels. A buyer who occupies one of the homes may pursue a potential SB 9 urban lot split to officially divide the property, with the possibility of adding an Accessory Dwelling Unit (ADU) and potentially a Junior Accessory Dwelling Unit (JADU) on each side. Buyers should independently verify SB 9 eligibility, ADU/JADU allowances, and all development potential with the City of Santa Ana. Situated in a prime location this property is just minutes away from Mile Square Regional Park, which offers 640 acres of trails, ball fields, golf courses, and playgrounds. It also provides quick access to the 22 and 405 freeways. Notable locations like South Coast Plaza are only 3 miles away, with Disneyland and Knott's Berry Farm less than 7 miles away, and Old Towne Orange located 3 miles to the east. The homes are served by the Garden Grove Unified School District, which includes Fitz Intermediate Language Academy (B+ rating, 7/10 on GreatSchools), a distinguished feature for a Santa Ana address. Please note that the property is sold as-is and we kindly ask that you do not disturb the occupants.

Location

4301 W Lilac

Santa Ana, Orange, CA, 92704