Santa Ana, CA 92705 2229 Ponderosa
$1,270,000
5 more
Presented By: David Lee with eXp Realty of California Inc; 949-310-7773
Baths • 2
SQFT • 2,283
Garage • 3
Home Details
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.
Presented By: David Lee with eXp Realty of California Inc; 949-310-7773
Interior Features for 2229 Ponderosa
Other Interior Features
Air Conditioning Y/NYes
Common Walls1 Common Wall
Fireplace FeaturesLiving Room
Fireplace Y/NYes
Heating Y/NYes
Laundry FeaturesIn Garage
Total Stories2
Other Rooms
Entry Level1
General for 2229 Ponderosa
Additional Parcels Y/NNo
AppliancesElectric Oven, Electric Range
Building Area UnitsSquare Feet
CitySanta Ana
Community FeaturesCurbs, Street Lights, Sidewalks
CoolingCentral Air
CountyOrange
DirectionsFrom E Santa Clara ave, west side of 55 Frwy, south corner lot of N.Ponderosa st.
Electric Expense
Entry LocationGround
Fuel Expense
Garage Spaces3
Garage Y/NYes
Gross Income67200
HOANo
HOA Fee$
HeatingCentral
Insurance Expense1575
Land Lease Y/NNo
LevelsOne, Two
Listing TermsCash, Cash to New Loan, Conventional
Lot Size Square Feet6098
Lot Size UnitsSquare Feet
MLS Area70 - Santa Ana North of First
Net Operating Income57919
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
Operating Expense3300
Pool FeaturesNone
PossessionClose Of Escrow
PostalCitySANTA ANA
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential Income
Rent Control Y/NNo
RoofShingle
Security FeaturesSmoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameNA
Tax Lot1
Taxes$4,406
Tenant PaysElectricity, Gas
Total Actual Rent67200
Trash Expense0
UtilitiesElectricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Water Available, Water Connected
ViewNone
Water Sewer Expense3300
Year Built1976
Year Built SourceAssessor
Exterior for 2229 Ponderosa
Building Area Total2283
Foundation DetailsSlab
Lot Features2-5 Units/Acre
Lot Size Acres0.14
Lot Size Area6098
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Parking FeaturesAssigned, Driveway
Private PoolNo
SpaNo
Total Parking3
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®