217 N Mcclay Santa Ana, CA 92701
Two homes on a large lot with income potential.
Property Features for 217 N Mcclay
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multifamily
Listing office Compass Land Advisors, Inc.
Listing date May 16, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Compass Land Advisors, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Two Homes on One Large Gated Lot: ideal for multigenerational living or rental income.
- Extensively Remodeled Interiors: both homes feature new kitchens, upgraded bathrooms, new flooring, and split A/C systems.
- Income Potential: live in one, rent the other for immediate income.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.3k | $32.40 |
| − Vacancy | −$2.6k | −$1.46 |
| EGI | $55.7k | $30.94 |
| − OpEx | −$16.7k | −$9.28 |
| NOI | $39.0k | $21.66 |