Renovated Duplex With Detached
For Sale
$950,000
210 S Raitt, Santa Ana, CA 92703
Santa Ana, CA
Property Size2,000 SF
Lot Size0.12 Acres
Price / SF$475
Days on Market66
Property Features for 210 S Raitt
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 5, Laundry Room
Lot features
Lawn
View
City
Elementary school district
Santa Ana Unified
Middle school district
Santa Ana Unified
High school district
Santa Ana Unified
Directions
Off Bolsa
Subdivision
699 - Not Defined
Standard status
Active
Size
2,000 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Ductless
Water source
Public
Amenities
solar panels
Building Details
Year built
1917
Floors in Building
1
Number of units
2
Listing Agency:
Balboa Real Estate, Inc
(949) 247-8811
Listed By:
Kamal Akhundov · License #02189034
(657) 342-1130
Added: Jun 26
Changed: Aug 26
Last Checked: Aug 30 at 8:06AM
MLS# OC26140215
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex in Santa Ana includes a renovated 3-bedroom, 2-bath primary residence and a detached casita with 2 bedrooms and 1 bathroom. The property was built in 1917 and features ductless cooling, paid-off solar panels, a large backyard, mature fruit trees, and ample off-street parking. Public water and public sewer serve the property, and there is no HOA.
Set on a 0.1188-acre lot at 210 S Raitt, the property is near shopping, dining, schools, parks, major freeways, and employment centers. The backyard provides outdoor space for entertaining, gardening, or other uses. The configuration offers flexibility for owner occupancy, rental income, or multigenerational living.
Set on a 0.1188-acre lot at 210 S Raitt, the property is near shopping, dining, schools, parks, major freeways, and employment centers. The backyard provides outdoor space for entertaining, gardening, or other uses. The configuration offers flexibility for owner occupancy, rental income, or multigenerational living.
Key Highlights
- 2,000 square feet with a 3‑bedroom, 2‑bath main residence
- Detached renovated casita includes 2 bedrooms and 1 bathroom
- 0.1188‑acre lot with large backyard and mature fruit trees
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,212
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$724,240
$724.2K
Cap Rate 7%
$517,314
$517.3K
Cap Rate 9%
$402,356
$402.4K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.0K $27.00/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$51.7K $25.87/SF
− OpEx
−$15.5K −$7.76/SF
NOI
$36.2K $18.11/SF
Area
ZIP 92703
Vacancy
4.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$724,240
Cap Rate 7%
$517,314
Cap Rate 9%
$402,356
Alternative Uses
Best Use
Multifamily LT 5
$517.3K
$452.7K – $603.5K
NOI $36,212 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$479.2K
$419.3K – $559.1K
NOI $33,546 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$578.9K
$506.5K – $675.3K
NOI $40,520 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate living spaces support owner occupancy, rental use, or multigenerational living without HOA dues.
Where is this duplex located?
The property is located at 210 S Raitt Santa Ana, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,000 square feet with a 3‑bedroom, 2‑bath main residence; Detached renovated casita includes 2 bedrooms and 1 bathroom; 0.1188‑acre lot with large backyard and mature fruit trees
