3708 W Washington Avenue, Santa Ana, CA 92703
Single-family home
Sold April 2024
Listing Agent: Mindy Luong (DRE #01335837) · Listing Office: HPT Realty · Contact: 714-467-6200 · Bought with: Natalie Duthoy · Harcourts Prime Properties · MLS #OC24004561 · Source: CRMLS
About this single-family home
A GREAT OPPORTUNITY FOR A DESIRABLE INVESTMENT PROPERTY IN A HIGH-GROWTH AREA OF SANTA ANA! This property features two houses on a 14,375 sq. ft. lot zoned C1/RES. 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. 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. The zoning designation gives the potential to pursue a sought-after ADU or additional 3rd unit property (subject to city planning/approval). 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.
Listing description from the April 2024 sale, as reported to CRMLS.
Sale history