2118 Park Drive,Santa Ana, CA 92707
Santa Ana, CA 92707
Description
Excellent opportunity for investors or owner-occupants seeking immediate cash flow, multiple living spaces, and additional rental upside. Located at 2118 S Park Dr, Santa Ana, CA 92707, this property features a charming main residence plus a newer 3-bedroom, 2-bath ADU built in 2022. 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.
Details
| MLS # | OC26193623 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 71 |
| Listing Provided By | New Empire Realty | Tony Nguyen |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,801 |
| Garage | 1 |
| Story(s) | 1 |
| Units | 2 |
| Acreage | 0.14 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
| Interior Features | All Bedrooms Down |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Front Yard |
|---|
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92707 |
| Area | 69 Santa Ana South of First |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $1,299,999 low | high Med: $799,400 sqft: 1,801 low | high Med: 1,609 $ / sqft: $722 low | high Med: $497 On site: 71 low | high Med: 11.5 | |
Market Activity 92707
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92707 |
| Area | 69 Santa Ana South of First |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $1,299,999 low | high Med: $799,400 sqft: 1,801 low | high Med: 1,609 $ / sqft: $722 low | high Med: $497 On site: 71 low | high Med: 11.5 | |
 | $1,250,0002218 TownerSanta Ana, CA 92707 |