2229 Ponderosa, Santa Ana, CA 92705
- $1,270,000
- List Price
- $1,270,000
- Status
- ACTIVE
- MLS#
- OC26097142
- Year Built
- 1976
- Lot Size
- 6,098
- Acres
- 0.14
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 84
- Property Type
- Multifamily
- Property Sub Type
- Duplex
- Stories
- One Level, Two Levels
- Neighborhood
- Na
Property Description
Excellent opportunity to own a well-located income property in the highly desirable 92705 zip code in Santa Ana. Situated on a quiet residential street, this multifamily asset offers approximately 2,280 square feet of living space with R-2 zoning, providing flexibility for duplex or small multifamily use. Built in the 1970s, the property is surrounded by a stable mix of single-family homes and multifamily residences, contributing to consistent rental demand. The location offers strong tenant appeal with a walkable setting near shopping, dining, and everyday conveniences along 17th Street and Tustin Avenue. Easy access to the 55 and 22 freeways allows for convenient commuting throughout Orange County, including nearby employment hubs in Irvine, Costa Mesa, and Anaheim. Current rents present upside potential relative to market averages, offering investors the opportunity to increase income through interior updates and operational improvements. Ideal for both owner-users and investors seeking stable cash flow with long-term appreciation in a high-demand area. Don’t miss this chance to acquire a desirable duplex in one of Santa Ana’s most sought-after neighborhoods.
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Additional Information
- Appliances
- Electric Oven, Electric Range
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Roof
- Shingle
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $67,200
- Operating Expense
- 3300
Listing courtesy of Listing Agent: David Lee (davidleere@gmail.com) from Listing Office: eXp Realty of California Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.