508 N Eastwood Ave
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508 N Eastwood Ave
2 Unit Apartment Building Offered at $699,000 in Santa Ana, CA 92701
Investment Highlights
- Duplex (2) 1 bedroom / 1 bathroom units
- 2 single car garages for each unit
- Value-Add Opportunity
- ADU potential
Executive Summary
Discover a fantastic investment opportunity at 508-510 N Eastwood! This property offers a value-add opportunity with the potential to develop an ADU for additional income. The current duplex consists of (2) 1-bedroom, 1-bathroom units. Key features include two single-car garages, 1,140 square feet of living space, and a 6,003-square-foot lot, providing ample potential for rental income growth or redevelopment.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$30,000
|
$26.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$30,000
|
$26.32
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $26.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $26.32 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,250 | - |
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PROPERTY TAXES
| Parcel Number | 398-382-02 | Improvements Assessment | $53,609 (2024) |
| Land Assessment | $643,321 (2024) | Total Assessment | $696,930 (2024) |
PROPERTY TAXES
Parcel Number
398-382-02
Land Assessment
$643,321 (2024)
Improvements Assessment
$53,609 (2024)
Total Assessment
$696,930 (2024)
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508 N Eastwood Ave
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