***DUPLEX ON CORNER LOT IN SANTA ANA*** Eastside neighborhood and subject is within close proximity of transportation, shopping, dining and entertainment and is within walking distance of all schools elementary through high school. The subject is comprised of what should probably legally be a 1 bedroom with 3/4 bathroom per unit (2/2 total) with a 1-car detached garage. The actual mix is unit 401: 1 bedroom with 3/4 bathroom. Unit 403: 2 bedrooms (1 bedroom appears to legally be the dining room that has been converted to a bedroom) with 3/4 bathroom and behind the unit is an addition consisting of a bonus room with water heater and a sink for laundry and an adjacent 3rd bedroom with a 3/4 bathroom (probably added without permits). There is a driveway leading to possible off-street RV parking and a 1-car detached garage. IDEAL for both "First-Time" owner-occupant with minimum down payment via FHA203(k) (or a Conventional rehab product) and "Investor" non-owner-occupant with 25%+ down payment or all CASH. Bring your talent and sweat and ADD VALUE to this property! There have been no actual income or expenses. Rents shown are based on Section 8 PROJECTIONS for a 1 bedroom and a 2 bedroom unit (rents could be higher or lower depending on what Section 8 allows).
Listing courtesy of Mike Potier from Boardwalk Properties
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