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Listing 5 out of 34
$444,900 For Sale

401 Harwood Place
Santa Ana, CA 92701

2 units | Multi Family Home
5663 sq ft - MLS# PW19050450
Property Photo
1/26

Description

***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 FHA 203(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).

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Special Conditions: REO/Bank Owned
  • Listing Status: Active
  • Zip Code: 92701
  • Year Built: 1925
  • Subdivision/Neighborhood: Eastside
  • Stories: One
  • Units: 2 units
  • # of Parking Spaces: 5.00
  • Lot Size: 5663 sq ft
  • View: Neighborhood, Yes
  • Area: 69 - Santa Ana South of First
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 1415.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Curbs
  • Country: US
  • Directions: From S. Main & McFadden drive east on McFadden 1 block, left (north) 1 block to Harwood, right (east) 1 block to address
  • Garage Spaces: 1.00
  • Gross Income: 43140.00
  • Gross Multiplier: 10.30
  • Gross Scheduled Income: 43140.00
  • Heating: Floor Furnace
  • Heating YN: Yes
  • Laundry Features: Area, Inside
  • Laundry YN: Yes
  • Listing Agent License: 00458210
  • Listing Office License: 00936002
  • Lot Features: Corner Lot
  • Lot Size Area: 5663.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 34512.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Operating Expense: 8628.00
  • Operating Expense Percent: 20.00
  • Property Attached YN: Yes
  • Special Conditions Details: REO
  • Stories Total: 1
  • Uncovered Spaces: 4.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Boardwalk Properties, Mike Potier

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