217 N Mcclay, Santa Ana, California 92701, Santa Ana, 92701 - 0 bed, 0 bath
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Santa Ana, California 92701
This Hybrid Income-Producing Compound is a High-Potential Investment Opportunity, listed at a List Price of $1,299,000, which aligns with its $1,299,000 Fair Market Value. Featuring an Excellent Condition Rating due to extensive recent renovations, the property offers two turnkey residences on a massive 12,197 sqft lot. With modern split A/C systems, new kitchens, and significant development potential for an ADU, this asset provides immediate rental income and long-term appreciation. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile live-rent strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 217 N Mcclay Subject | $1,299,000* List Price | 0 | 0 | 1,800 | $722 | - |
A 215 N Mcclay Active | $1,299,000 List Price | 5 | 2 | 1,800 | $722 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1910, the property has undergone an extensive, high-quality renovation within the last 5 years. The interiors feature brand new kitchens with modern cabinetry and stone countertops, upgraded bathrooms with contemporary tile work, new flooring throughout, and updated systems including new water heaters and split A/C units, placing it in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 1800.
The property features two separate, remodeled homes on a single gated lot, providing an ideal setup for rental income, multi-generational living, or a live-rent strategy in a strong rental market.
Both residences have been extensively updated with modern kitchens, upgraded bathrooms, new flooring, and split A/C systems, ensuring immediate occupancy and high rental appeal without the need for initial repairs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12197, other record lot size in square feet = 12291. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 756.
With a list price of $1,299,000 for 1,800 total square feet, the property commands a premium price point that may be challenging for buyers focused primarily on interior living space rather than land value.
Originally built in 1910, the property may possess aging structural or systemic components common to homes of this era, which could require specialized maintenance despite the recent cosmetic renovations.
LIVE IN ONE, RENT THE OTHER!! 2 Homes + Large LOT + INCOME POTENTIAL: Rare two-home gated compound in Santa Ana with income potential, private yards, remodeled interiors, and large usable land. Ideal for multigenerational living, live/rent strategy, investors, or buyers seeking future SFR & ADU upside. The property features approximately 1,800 square feet of living space across two residences with a total of 5 bedrooms and 2 bathrooms. The front home (#215 N McClay) offers 3 bedrooms, 1 bathroom, an attached garage, and a private fenced yard, ideal for a primary residence or rental unit. The second home (#217 N McClay) features 2 bedrooms and 1 bathroom with its own gated entry, large yard area, pergola, mature fruit trees, and outdoor space perfect for relaxing or entertaining. Both homes have been extensively remodeled, including brand new kitchens, upgraded bathrooms, new flooring, new water heaters, newly installed split A/C systems, updated cabinetry and countertops, and refreshed landscaping throughout the property. These improvements make the homes move-in ready while providing strong rental appeal. A standout feature of the property is the additional large graded lot area, offering exceptional flexibility for future use. The space may allow for additional improvements such as a SFR with a Jr. ADU (buyer to verify with the City), a contractor yard, storage area, workshop, recreational space, or expanded outdoor entertaining area. The entire property is fully gated, offering privacy and security, creating a unique environment that can function as a private family compound or a highly desirable rental investment. Located near major freeways, shopping, schools, and the amenities of downtown Santa Ana, this property presents a rare opportunity to own two remodeled homes with income potential and valuable yard space in one of Orange County’s strongest rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 6% |
| Baths | 0.0 | 2.0 | 6% |
| Square foot | 1,800 | 1,509 | 71% |
| Lot Size | 12,197 | 6,560 | 88% |
| Price | $1.30M | $910.0K | 94% |
| Price per sq ft | $722 | $593 | 88% |
| Built year | 1910 | 1952 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 213 | 6% |
May 17, 2026
$1,299,000
Initial Listing