Description
MIXED-USE PROPERTY ZONE C1/RES, a great opportunity for a desirable investment property in a high-growth area of Santa Ana! This designation allows for a mix of commercial and residential use, offering the potential for diverse income streams, including retail, office, restaurants, and professional services. This property features two houses on a 14,375 sq ft lot. A recent extensive renovation allows for substantial rental income. According to Redfin, housing costs in Santa Ana are 69% higher than the national average, and Orange County rents experienced a 16% increase this year compared to last year. House #1 offers a 4 bed/2 bath, 1,325 sq .ft. House #2, a 2 bed/1 bath, 950 sq. ft. built in 1997. Both houses were upgraded and have brand new appliances. The zoning designation gives the potential to pursue a sought-after ADU or additional 3rd unit property, subject to city planning/approval, buyer and agent to verify with the city. Located near the corner of Harbor and Hazard and conveniently close to markets, restaurants, Willowick Golf Course, and Santiago High School. This area is ripe for development, and the desirable C1/RES zoning designation makes this an attractive opportunity for investors.
-
6BEDS
-
0.33ACRES
-
3BATHS
-
01/2 BATHS
-
2,375SQFT
-
$800$/SQFT
Description
MIXED-USE PROPERTY ZONE C1/RES, a great opportunity for a desirable investment property in a high-growth area of Santa Ana! This designation allows for a mix of commercial and residential use, offering the potential for diverse income streams, including retail, office, restaurants, and professional services. This property features two houses on a 14,375 sq ft lot. A recent extensive renovation allows for substantial rental income. According to Redfin, housing costs in Santa Ana are 69% higher than the national average, and Orange County rents experienced a 16% increase this year compared to last year. House #1 offers a 4 bed/2 bath, 1,325 sq .ft. House #2, a 2 bed/1 bath, 950 sq. ft. built in 1997. Both houses were upgraded and have brand new appliances. The zoning designation gives the potential to pursue a sought-after ADU or additional 3rd unit property, subject to city planning/approval, buyer and agent to verify with the city. Located near the corner of Harbor and Hazard and conveniently close to markets, restaurants, Willowick Golf Course, and Santiago High School. This area is ripe for development, and the desirable C1/RES zoning designation makes this an attractive opportunity for investors.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-02T14:31:40.803. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.