2118 Park DR Santa Ana, CA 92707
5 Beds
4 Baths
1,801 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,801 sqft
Price per Sqft $805
MLS Listing ID OC26193623
Bedrooms 5
Full Baths 3
Three Quarter Bath 1
HOA Y/N No
Year Built 1949
Lot Size 6,298 Sqft
Property Sub-Type Single Family Residence
Property Description
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 possibilities. An investor can benefit from income from both residences, while an owner-occupant may choose to live in one unit and rent out the other to help offset the mortgage and monthly housing expenses.
Ideal for a buy-and-hold investor, owner-investor, or multi-generational household, this property combines established rental income, a long-term tenancy, substantial improvements, a newer ADU, and future income potential.
Approximately $72,000 in current annual gross rental income with potential for more — a compelling Santa Ana investment opportunity with cash flow from day one.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Main Level Bedrooms 6
Interior
Interior Features All Bedrooms Down
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Total Parking Spaces 1
Private Pool No
Building
Lot Description Front Yard
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Santa Ana Unified
Others
Senior Community No
Tax ID 01520305
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Special Listing Condition Standard
