Duplex with Individual
For Sale
$829,000
821 S Orange, Santa Ana, CA 92701
Two 1-bedroom, 1-bath units with individual garages and one unit vacant at closing in Santa Ana, CA.
Property Size1,610 SF
Days on Market122
Property Features for 821 S Orange
General Information
Standard status
Active
Size
1,610 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
1,610 SF
Year Built
1938
Listing Agency:
Kott & Company, Inc.
Listed By:
Kevin Kott · License #02089647
(714) 772-7000
Source:
Altamirarealty
Added: Jun 15
Changed: Oct 1
Last Checked: Oct 13 at 12:55AM
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 Kott & Company, Inc.
Investment Insights
Based on property information with market context.
This duplex at 821 S Orange Avenue includes two 1-bedroom, 1-bathroom units. One unit will be delivered vacant at closing, creating flexibility for an owner-occupant seeking rental income or for an investor looking to begin leasing immediately. The property also features individual garages and sits on a spacious lot.
Located in the heart of Santa Ana, the property is minutes from Downtown Santa Ana, the Artist Village, government and employment centers, and shopping and dining. Public transportation is nearby, and the asset offers connectivity to I-5, SR-55, and SR-22.
From an operator’s standpoint, the unit mix and separate garages support straightforward tenant arrangements, while the vacancy at closing provides a built-in opportunity to set terms without waiting for turnover. For owner-users, the second unit can help offset housing costs through rental income while maintaining a self-contained home base. The combination of duplex structure and convenient central access is well suited for buyers evaluating a residential income property in Santa Ana.
Located in the heart of Santa Ana, the property is minutes from Downtown Santa Ana, the Artist Village, government and employment centers, and shopping and dining. Public transportation is nearby, and the asset offers connectivity to I-5, SR-55, and SR-22.
From an operator’s standpoint, the unit mix and separate garages support straightforward tenant arrangements, while the vacancy at closing provides a built-in opportunity to set terms without waiting for turnover. For owner-users, the second unit can help offset housing costs through rental income while maintaining a self-contained home base. The combination of duplex structure and convenient central access is well suited for buyers evaluating a residential income property in Santa Ana.
Key Highlights
- Duplex at 821 S. Orange Avenue in Santa Ana with two 1‑bedroom, 1‑bath units
- One unit is delivered vacant at closing, allowing immediate rental income at market rents
- Each unit has an individual garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,872
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,440
$697.4K
Cap Rate 7%
$498,171
$498.2K
Cap Rate 9%
$387,467
$387.5K
Market Conditions
NOI Build-Up for 1,610 SF
Gross rent
$52.2K $32.40/SF
− Vacancy
−$2.3K −$1.46/SF
EGI
$49.8K $30.94/SF
− OpEx
−$14.9K −$9.28/SF
NOI
$34.9K $21.66/SF
Area
ZIP 92701
Vacancy
4.50%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,440
Cap Rate 7%
$498,171
Cap Rate 9%
$387,467
Alternative Uses
Best Use
Multifamily LT 5
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$457.1K
$400.0K – $533.3K
NOI $31,999 @ 7.0% cap · market cap 3.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
Explore this area
Business Placement
Demographics for 92701, CA
48,789
Population
13,470
Households
3.6
Avg Household Size
32
Median Age
11%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
15,247
Density / Sq Mi
$68,697
Median Household Income
$33,846
Median Earnings
$1,650
Median Rent
$608,300
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 1-bedroom, 1-bath units with individual garages and one unit vacant at closing in Santa Ana, CA.
Where is this duplex located?
The property is located at 821 S Orange Santa Ana, CA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Duplex at 821 S. Orange Avenue in Santa Ana with two 1‑bedroom, 1‑bath units; One unit is delivered vacant at closing, allowing immediate rental income at market rents; Each unit has an individual garage
