Renovated Residential Income
For Sale
$148,900
Pending
1517 N Newhope Street 76, Santa Ana, CA 92703
Updated two-bedroom residence with in-home laundry, tandem parking, and a fenced turf area.
Property Size750 SF
Days on Market50
Property Features for 1517 N Newhope Street 76
General Information
Standard status
Pending
Size
750 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Site & Location
Neighborhood
Riverview West
Additional Details
Multifamily Units
1
Amenities
in-home laundry
custom closet built-ins
fenced turf area
Listing Agency:
PPF Realty
(949) 296-2500
Listed By:
Andrew Tapia · License #02190626
(714) 815-7091
Source:
Tfregroup
Added: Sep 5
Changed: Oct 5
Last Checked: Oct 23 at 6:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PPF Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 750-square-foot residential income property has been renovated with new flooring, fresh interior and exterior paint, and updated kitchen and bathroom areas. The two-bedroom layout includes in-home laundry, custom closet built-ins, and practical living space suited to a range of household needs. A fenced turf area adds a low-maintenance outdoor component, while two-car tandem parking provides dedicated on-site vehicle storage.
Located at 1517 N Newhope Street in Santa Ana, the property combines updated interior finishes with functional storage, parking, and outdoor space. The residence is presented as move-in ready, with no major project list identified in the property information.
Located at 1517 N Newhope Street in Santa Ana, the property combines updated interior finishes with functional storage, parking, and outdoor space. The residence is presented as move-in ready, with no major project list identified in the property information.
Key Highlights
- 750‑square‑foot renovated residence
- Two‑bedroom layout with flexible second‑room use
- Updated kitchen and bathroom areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,580
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,600
$251.6K
Cap Rate 7%
$179,714
$179.7K
Cap Rate 9%
$139,778
$139.8K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$23.9K $31.80/SF
− Vacancy
−$978 −$1.30/SF
EGI
$22.9K $30.50/SF
− OpEx
−$10.3K −$13.72/SF
NOI
$12.6K $16.77/SF
Area
ZIP 92703
Vacancy
4.10%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,600
Cap Rate 7%
$179,714
Cap Rate 9%
$139,778
Alternative Uses
Best Use
Apartment 5plus
$179.7K
$157.3K – $209.7K
NOI $12,580 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$217.1K
$189.9K – $253.3K
NOI $15,195 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,189
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom residence with in-home laundry, tandem parking, and a fenced turf area.
Where is this residential income property located?
The property is located at 1517 N Newhope Street 76 Santa Ana, CA.
What is the asking price?
The asking price for this property is $148,900.
What are key features of this property?
This property features: 750‑square‑foot renovated residence; Two‑bedroom layout with flexible second‑room use; Updated kitchen and bathroom areas
