2118 Park DriveSanta Ana, CA 92707

Description

Excellent opportunity for investors or owner-occupants seeking immediate cash flow, multiple living spaces, and additional rental upside. Located at 2118 S Park Dr, Santa Ana, CA 92707, this property features a charming main residence plus a newer 3-bedroom, 2-bath ADU built in 2022. The property currently generates approximately $6,000 per month in combined rental income — roughly $72,000 annually. The main house is occupied by a long-term tenant of approximately 14 years, providing valuable rental stability with annual rent increases. Current rents may also offer additional future upside toward fair-market levels, subject to applicable lease terms and rental regulations. The main residence is a charming circa-1949 bungalow that has undergone extensive professional-level remodeling. Interior upgrades include recessed ceiling lighting, an updated kitchen with black stone countertops, newer cabinetry, stainless-steel sink, easy-care tile flooring throughout, and double-pane windows. A backyard patio slider provides convenient access to the private outdoor living area with steel side-yard gates providing added privacy and security. Adding tremendous value is the 2022-built 3-bedroom, 2-bath ADU, creating a highly desirable two-unit living arrangement and multiple income possibilities. An investor can benefit from income from both residences, while an owner-occupant may choose to live in one unit and rent out the other to help offset the mortgage and monthly housing expenses. Ideal for a buy-and-hold investor, owner-investor, or multi-generational household, this property combines established rental income, a long-term tenancy, substantial improvements, a newer ADU, and future income potential. Approximately $72,000 in current annual gross rental income with potential for more — a compelling Santa Ana investment opportunity with cash flow from day one.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Structure type

House

Year built

1949

Stories

1

Living area

1,801 Sq Ft

Lot size

0.14 acres

Garage spaces

1

Parking spaces

1

Days on market

43

MLS^® Listing#

OC26193623

Property Features

Cooling

Central Air

Fireplace

None

Pool

None

Parking

Attached

Laundry

Washer Hookup · Gas Dryer Hookup

Lot features

Front Yard

Community

Sidewalks

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

01520305

Directions

North of Warner, between Flower and Bristol Cross Streets: Warner and Park Dr.