2040 Kilson Drive, Santa Ana, California 92707, Santa Ana, 92707 - 4 bed, 2 bath
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Santa Ana, California 92707
This Turnkey Income-Generating Residence is a Prime Investment Opportunity, listed at $945,000—positioned well below the $986,913 Fair Market Value by 4%. This valuation gap secures $41,913 in Instant Equity. Featuring a Condition Rating of 2, the property is sold fully furnished and currently produces $6,000 monthly rental income. The detached garage ADU potential and 6–8 car driveway provide significant scalability near Saddleback High School and the Irvine Spectrum. It is a premier choice for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2040 Kilson Drive Subject | $945,000* List Price | 4 | 2 | 1,512 | $653 | - |
A 1435 Orange Sold | $923,000 | 4 | 2 | 1,400 | $659 | 0.8 mi |
B 502 E Wilshire Avenue Sold | $887,000 | 4 | 2 | 1,395 | $636 | 0.7 mi |
C 423 E Adams Sold | $889,000 | 4 | 2 | 1,432 | $621 | 0.5 mi |
D 2101 S Hickory Sold | $815,000 | 3 | 2 | 1,072 | $760 | 0.1 mi |
E 1518 Cedar Sold | $980,000 | 3 | 2 | 1,215 | $807 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the property was originally built in 1925, the interior has undergone an extensive recent renovation within the last 5 years, making it fully turnkey. The home features modern laminate wood flooring, recessed lighting, updated grey-tone paint, and contemporary bathroom fixtures. The addition of energy-efficient mini-split HVAC systems in multiple rooms and updated laundry/kitchen components indicates that the major systems have been modernized to meet current quality standards with no visible deferred maintenance.
The property is a turnkey investment currently generating $6,000 per month in rental income and is sold fully furnished, allowing for a seamless transition for short-term rental operators.
With a detached garage primed for an ADU conversion and a large front yard suitable for an additional unit, the property offers excellent opportunities to maximize density and long-term ROI.
The expansive driveway accommodates 6–8 vehicles, a rare and highly desirable feature that significantly enhances its appeal for multi-generational living or high-occupancy guest stays.
Originally built in 1925, the home may require more intensive maintenance or updates to aging infrastructure and systems compared to newer builds, despite its current turnkey status.
While development potential is highlighted, the 5,508 sqft lot size may become quite cramped if both an ADU and an additional unit are added, potentially limiting outdoor living space.
Welcome to this exceptional investment and lifestyle opportunity! This beautifully maintained 4-bedroom, 2-bath home offers the perfect blend of comfort, convenience, and income potential. Featuring a spacious layout with a large dining area and a full kitchen, the home is ideal for entertaining guests or hosting short-term rentals. Sold fully furnished with all appliances included, this property is truly turnkey and perfectly suited for Airbnb or immediate occupancy. Currently generating $6,000 per month in rental income, this property offers immediate cash flow, with rental contracts available for review by qualified buyers. The expansive driveway accommodates 6–8 vehicles with ease—an incredible bonus for guests or large households. Sitting on a generous lot, the property offers outstanding development potential. A detached garage is primed for conversion into an ADU, while the sizable front yard provides additional space to build another unit (buyer to verify), making this a fantastic opportunity for maximizing rental income. Conveniently located just 11 minutes from Irvine Spectrum and 10 minutes from Santa Ana Airport, the home also enjoys walkable access to a wide variety of restaurants, shops, and everyday amenities. Whether you're an investor looking for strong rental income or a homeowner seeking flexibility and future growth, this property checks all the boxes.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,512 | 1,348.5 | 74% |
| Lot Size | 5,508 | 6,275 | 6% |
| Price | $945.0K | $881.0K | 71% |
| Price per sq ft | $625 | $704 | 35% |
| Built year | 1925 | 1952 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 173 | 3% |
Apr 10, 2026
$945,000
Initial Listing
May 9, 2022
$750,000
Public Record
Nov 30, 2012
$318,000
Public Record