117 S Daisy Avenue, Santa Ana, California 92703, Santa Ana, 92703 - 5 bed, 3 bath

117 S Daisy Avenue, Santa Ana, California 92703 home-pic-0
ACTIVE$1,045,000
117 S Daisy Avenue, Santa Ana, California 92703
5Beds
3Baths
2,018Sqft
5,101Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income Generating Potential: This property features two homes on one lot with separate meters and existing tenants interested in extending leases, offering significant rental income potential for investors or multi-generational living.
Top Cons:
Age of Property: Built in 1915, the property's age, despite some remodels, may imply potential for older underlying systems or higher long-term maintenance costs typical of historic homes.

Compared to the nearby listings

Price:$1.04M vs avg $965.0K (+$80,000)55%
Size:2,018 sqft vs avg 1,504 sqft82%
Price/sqft:$518 vs avg $51850%

More Insights

Built in 1915 (110 years old).
Condition: Despite being built in 1915, the property has undergone significant renovations, particularly in the kitchens and bathrooms, which appear to be updated within the last 5-15 years. Both kitchens feature granite countertops and updated cabinetry, and the second home's bathroom includes a modern rain shower and updated fixtures. Flooring throughout is in good condition. The property is move-in ready with well-maintained visible systems and minimal wear and tear, aligning with the 'Good' criteria for properties extensively renovated within 5-15 years.
Year Built
1915
Close
-
List price
$1.04M
Original List price
$1.1M
Price/Sqft
$518
HOA
-
Days on market
-
Sold On
-
MLS number
PW25026624
Home ConditionGood
Features
ViewNeighborhood

About this home

Incredible Investment Opportunity in the Highly Desirable City of Santa Ana – Two Homes on One Corner Lot! Located on a prime corner lot, this property offers fantastic curb appeal and a wealth of potential! With two homes on a spacious lot, it’s the perfect opportunity for investors, homeowners seeking rental income, or those in need of multigenerational living options. The Main Home boasts 3 generous bedrooms, 2 bathrooms, and a kitchen with elegant granite countertops, abundant cabinet space, and a convenient pantry. The open floor plan seamlessly connects the living and dining areas to the remodeled kitchen, creating a welcoming atmosphere for family gatherings. Additionally, the attached 1-car garage offers direct access, while the gated driveway provides plenty of parking. The low-maintenance yard is ideal for hosting family and friends, making it a perfect space for relaxation and entertainment. The Second Home has been thoughtfully remodeled, featuring a modern kitchen with granite countertops, ample cabinetry, and a dining nook. The remodeled bathroom is equipped with a luxurious rain shower, and the living room’s high ceilings create an open and airy feel. Both bedrooms include mirrored closet doors, adding a touch of elegance and practicality. Each home has its own private entrance, ensuring privacy and comfort for all residents. The spacious yards provide ample room for relaxation, entertainment, and outdoor enjoyment. Prime Location: This property is centrally located near Santa Ana College, CHOC Children’s Hospital, parks, grocery stores, dining, and entertainment options. Commuters will appreciate the easy access to major freeways, including the 5, 22, 55, 57, and 405. The property is in great condition, with each unit having separate electric and gas meters. The current landlord covers water and trash, and there are fantastic tenants who are interested in extending their leases. With the potential for high returns, this is an investment you don’t want to miss. Don’t wait on this rare opportunity to own two homes on one lot in a prime location. Act now this property won’t last long!

Condition Rating
Good

Despite being built in 1915, the property has undergone significant renovations, particularly in the kitchens and bathrooms, which appear to be updated within the last 5-15 years. Both kitchens feature granite countertops and updated cabinetry, and the second home's bathroom includes a modern rain shower and updated fixtures. Flooring throughout is in good condition. The property is move-in ready with well-maintained visible systems and minimal wear and tear, aligning with the 'Good' criteria for properties extensively renovated within 5-15 years.
Pros & Cons

Pros

Income Generating Potential: This property features two homes on one lot with separate meters and existing tenants interested in extending leases, offering significant rental income potential for investors or multi-generational living.
Prime Corner Lot Location: Situated on a desirable corner lot, the property boasts excellent curb appeal and is centrally located near Santa Ana College, CHOC Children’s Hospital, parks, dining, and major freeways (5, 22, 55, 57, 405).
Updated Interiors: The second home has been thoughtfully remodeled with a modern kitchen, granite countertops, a luxurious rain shower, and high ceilings, while the main home also features a kitchen with granite countertops.
Versatile Living Options: With two distinct homes, the property provides flexibility for various needs, including rental income, accommodating extended family, or owner-occupancy with an additional income stream.
Low-Maintenance & Private Outdoor Space: Both homes benefit from private entrances and spacious, low-maintenance yards, ideal for relaxation and entertaining without extensive upkeep.

Cons

Age of Property: Built in 1915, the property's age, despite some remodels, may imply potential for older underlying systems or higher long-term maintenance costs typical of historic homes.
Owner-Covered Utilities: The current landlord covers water and trash expenses, which reduces the net operating income and adds to the owner's ongoing financial responsibilities.
Recent Price Reduction: The property has undergone a price reduction from its original listing, which could indicate initial overpricing or a need to stimulate buyer interest in the current market.

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