Est. cap rate

2.1%

Assumed rent, all units

$4,460/mo

Units

2

Price per unit

$625,000

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

1,800 sqft

Lot size

12,197 sqft

Year built

1909

Stories

1

Garage spaces

1

Heating

Combination,Ductless,Wall Furnace

Cooling

Ductless

Pool

None

Status

ComingSoon

Days on market

0

MLS #

248959966

About this property

TWO REMODELED HOMES ON AN EXPANSIVE 12,191 SQ. FT. LOT WITH RV ACCESS AND APPROXIMATELY 4,000 SQ. FT. OF ADDITIONAL FLAT, GRADED LAND — BRING YOUR IMAGINATION! A rare opportunity in Santa Ana featuring two beautifully remodeled, move-in-ready homes, plus a substantial, gated, unimproved area at the rear with exciting possibilities! LIVE IN ONE AND RENT THE OTHER! Ideal for investors, multigenerational households, extended families, or buyers seeking rental income and future potential. Offering approximately 1,800 sq. ft. of combined living space with a total of 5 bedrooms and 2 bathrooms. The front residence, 215 N McClay St, features 3 bedrooms, 1 bathroom, an attached garage, and a private fenced yard. The second residence, 217 N McClay St, offers 2 bedrooms, 1 bathroom, a separate gated entrance, and a spacious private yard with a pergola and mature fruit trees. Both homes have been extensively remodeled with updated kitchens, modern cabinetry and countertops, upgraded bathrooms, new flooring, new water heaters, split-system heating and air conditioning, and refreshed landscaping. THE POSSIBILITIES EXTEND WELL BEYOND THE TWO HOMES! The approximately 4,000 sq. ft. of additional flat, graded land at the rear is accessible by a spacious driveway with RV access, offering flexibility for potential additional residential development, an ADU or Junior ADU, workshop, garage, recreational space, or outdoor entertaining area. All potential uses and development are subject to applicable zoning, permits, and City approval. Buyers to independently verify. Within walking distance of schools, shopping, and public transportation, and just minutes from the 5, 55, and 22 freeways. This distinctive property combines comfortable living, income potential, and exceptional versatility — A RARE FIND WITH ROOM TO GROW!

Location

217 N Mcclay

Santa Ana, Orange, CA, 92701