McFadden Duplex

Santa Ana is downtown for the world famous Orange County, California. It is the County Seat, the second-most populous city in Orange County with a population of over 310,000. Over 1,400 City employees work hard every day to deliver efficient public services in partnership with our community to ensure public safety, a prosperous economic environment, opportunities for our youth, and a high quality of life for residents. The City of Santa Ana is a 27-square mile, ethnically diverse city located 35 miles south of Los Angeles and roughly ten miles inland from the Pacific Ocean. The City comprises more than 60 distinct neighborhoods. The Santa Ana Unified School District is the local school district that serves the majority of our community. Santa Ana's centralized location places the City less than 30 minutes from most Southern California destinations, including four airports. Its density and transportation infrastructure enable residents and employees to embrace a sustainable lifestyle by commuting to work via bus, train, bicycle, or on foot. This convenience attracts a diverse population that appreciates Santa Ana's distinctive housing choices, energetic nightlife, and cultural amenities like the Artist’s Village, Discovery Cube Orange County, Heritage Museum of Orange County, the Santa Ana Zoo at Prentice Park, and more. Santa Ana has a large and diverse business base, with over 30,000 businesses who employ over 150,000 people. Santa Ana is the corporate headquarters of several large companies, including Behr Paint and First American Financial Corporation.Kirklen Investment Group is pleased to present 1113-1115 W McFadden Avenue, a single-story duplex in Santa Ana with two units currently configured and leased as four-bedroom, two-bath residences. Orange County Assessor records reflect each unit as three-bedroom, two-bath, and buyers should verify the unit configuration during due diligence. Large family floorplans are scarce in Santa Ana’s rental market and draw a deep pool of family tenants. The property sits on a 7,165 square foot lot. The duplex produces $7,200 in monthly gross rental income, or $86,400 annually, and both units are fully leased with no vacancy. 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 0.7 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.