Duplex With Private Enclosed
For Sale
$995,000
1618 Freeman St, Santa Ana, CA 92706
Two distinct residences include central HVAC, interior laundry areas, and detached garages.
Property Size1,715 SF
Lot Size0.18 Acres
Price / SF$580.17
Days on Market56
Property Features for 1618 Freeman St
General Information
Standard status
Active
Size
1,715 SF
Lot size
0.18 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
private enclosed backyard
detached one-car garage
interior laundry areas
central HVAC systems
Building Details
Year Built
1950
Listed By:
Customer Support
(310) 341-2017
Source:
Domorealestate
Added: Aug 20
Changed: Oct 9
Last Checked: Oct 12 at 7:48PM
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 Customer Support
Investment Insights
Based on property information with market context.
This duplex contains 1,715 square feet across two residences. One unit is a remodeled two-bedroom, one-bath home, while the second offers one bedroom and one bath with original character. Both residences include central HVAC, interior laundry areas, a private enclosed backyard, and a detached one-car garage.
The property occupies an 8,032-square-foot lot with mature trees and established greenery. Shopping, local dining, Santa Ana College, and commuter routes are located nearby, adding convenient access to daily services, education, and transportation.
The property occupies an 8,032-square-foot lot with mature trees and established greenery. Shopping, local dining, Santa Ana College, and commuter routes are located nearby, adding convenient access to daily services, education, and transportation.
Key Highlights
- Two‑unit duplex with 1,715 square feet of building area
- Remodeled 2‑bedroom, 1‑bath unit paired with a 1‑bedroom, 1‑bath residence
- Each unit has a private enclosed backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,029
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,580
$620.6K
Cap Rate 7%
$443,271
$443.3K
Cap Rate 9%
$344,767
$344.8K
Market Conditions
NOI Build-Up for 1,715 SF
Gross rent
$46.3K $27.00/SF
− Vacancy
−$2.0K −$1.15/SF
EGI
$44.3K $25.85/SF
− OpEx
−$13.3K −$7.75/SF
NOI
$31.0K $18.09/SF
Area
Santa Ana, CA
Vacancy
4.27%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,580
Cap Rate 7%
$443,271
Cap Rate 9%
$344,767
Alternative Uses
Best Use
Multifamily LT 5
$443.3K
$387.9K – $517.2K
NOI $31,029 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$393.8K
$344.6K – $459.4K
NOI $27,565 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$579.5K
$507.1K – $676.1K
NOI $40,566 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 92706, CA
35,621
Population
10,473
Households
3.4
Avg Household Size
35
Median Age
23%
College-Educated
69%
High-School Grad
3.5 sq mi
ZIP Area
10,177
Density / Sq Mi
$96,424
Median Household Income
$36,850
Median Earnings
$1,890
Median Rent
$839,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences include central HVAC, interior laundry areas, and detached garages.
Where is this duplex located?
The property is located at 1618 Freeman St Santa Ana, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,715 square feet of building area; Remodeled 2‑bedroom, 1‑bath unit paired with a 1‑bedroom, 1‑bath residence; Each unit has a private enclosed backyard
