Description

Presenting 1113-1115 W McFadden Avenue, a single-story duplex in Santa Ana with a rare unit mix of two, four-bedroom, two-bath units. Four-bedroom units are scarce in Santa Ana's rental market and draw a deep pool of family tenants. This property offers two of them on one, 7,165 square foot parcel. The duplex produces $7,200 in monthly gross income, or $86,400 annually, and both units are fully leased. Income at this level is uncommon for a two-unit property and reflects the strength of the four-bedroom floorplans. Investors get stable, reliable cash flow from an asset that is simple to own and operate. Built in 1984, the property totals approximately 2,368 square feet. It includes a three-car garage, three open parking spaces, separately metered gas and electric, security screen doors, and a private fenced patio for each unit. The property is approximately .07 miles from Mater Dei High School, 1.8 miles from Santa Ana College and Downtown Santa Ana, and 3.1 miles from South Coast Plaza. Tenants have convenient access to the SR-55 and I-5 Freeways, connecting them to employment centers throughout Orange County.