Two-Home Residential Income
926 E Pine Santa Ana, CA 92701
926 E Pine, Santa Ana, CA, 92701
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For Sale
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Two leased single-family homes on one lot, both recently updated, with gated front and parking areas.
Property Size1,628 SF
Price / SF$706.39
Days on Market280
Property Features for 926 E Pine
General Information
- Standard status
- Active
- Size
- 1,628 SF
- Property subtype
- Multifamily
Listing agency
SRG Properties
Listed by
James Sallinger · License #01252074
Source
Crexi
Added: Oct 17, 2025 Updated: Jul 22 at 10:51PM Checked: Jul 22 at 10:51PM
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 SRG Properties
Investment Insights
Based on property information with market context.
This residential income property features two separate single-family homes on one lot, with both units currently leased under month-to-month rental agreements. Unit #1 includes a 3-bedroom, 1-bath layout with a detached oversized one-car garage plus a separate storage area, along with a picket-fence gated front yard. Unit #2 offers a 3-bedroom, 1-bath configuration plus a den/office space and includes a large gated parking area that can accommodate 3+ vehicles.
Both homes have recent updates, including electrical, plumbing, windows, paint, flooring, and kitchen and bath improvements. The property is identified as having commercial/apartment zoning, which may support multiple future use potentials.
The setup provides two distinct residential units with separate exterior features for tenant convenience, while remaining straightforward to manage as a single income property.
Both homes have recent updates, including electrical, plumbing, windows, paint, flooring, and kitchen and bath improvements. The property is identified as having commercial/apartment zoning, which may support multiple future use potentials.
The setup provides two distinct residential units with separate exterior features for tenant convenience, while remaining straightforward to manage as a single income property.
Key Highlights
- Two SFR homes on one lot, both currently leased on month‑to‑month rental agreements
- 926 Pine St: 658 SF, 3 bed/1 bath, with a dethatched 1‑car oversized garage and separate storage area
- 308 Minnie St: 970 SF, 3 bed/1 bath plus den/office space (could be bedroom 4) and gated parking for 3+ vehicles
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 | $52.7k | $32.40 |
| − Vacancy | −$2.4k | −$1.46 |
| EGI | $50.4k | $30.94 |
| − OpEx | −$15.1k | −$9.28 |
| NOI | $35.3k | $21.66 |
1,628 SF · lease $32.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K
NOI $35,262 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$462.2K
$404.5K – $539.3K
NOI $32,357 @ 7.0% cap · market cap 2.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two leased single-family homes on one lot, both recently updated, with gated front and parking areas.
Where is this duplex located?
The property is located at 926 E Pine Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two SFR homes on one lot, both currently leased on month‑to‑month rental agreements; 926 Pine St: 658 SF, 3 bed/1 bath, with a dethatched 1‑car oversized garage and separate storage area; 308 Minnie St: 970 SF, 3 bed/1 bath plus den/office space (could be bedroom 4) and gated parking for 3+ vehicles
