Skip To Content

2229 Ponderosa

Santa Ana, CA 92705
  • $1,270,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: OC26097142
UPDATED: 151 min ago
$1,270,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Na
Type:
Multi-Family
Built:
1976
County:

School Ratings & Info

Listing Agent(s): David Lee of eXp Realty of California Inc (888-584-9427)


Description

Excellent opportunity to own a well-located income property in the highly desirable 92705 zip code in Santa Ana. Situated on a quiet residential street, this multifamily asset offers approximately 2,280 square feet of living space with R-2 zoning, providing flexibility for duplex or small multifamily use.Built in the 1970s, the property is surrounded by a stable mix of single-family homes and multifamily residences, contributing to consistent rental demand. The location offers strong tenant appeal with a walkable setting near shopping, dining, and everyday conveniences along 17th Street and Tustin Avenue. Easy access to the 55 and 22 freeways allows for convenient commuting throughout Orange County, including nearby employment hubs in Irvine, Costa Mesa, and Anaheim.Current rents present upside potential relative to market averages, offering investors the opportunity to increase income through interior updates and operational improvements. Ideal for both owner-users and investors seeking stable cash flow with long-term appreciation in a high-demand area.Don’t miss this chance to acquire a desirable duplex in one of Santa Ana’s most sought-after neighborhoods.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T00:28:59.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/176109897
Print Image

2229 Ponderosa Santa Ana, CA 92705

  • Price: $1,270,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 151 min ago
  • ID#: OC26097142
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1976
Built
Neighborhood:
Na
County:
Orange
Area:
70 - Santa Ana North of First
Property Description
Excellent opportunity to own a well-located income property in the highly desirable 92705 zip code in Santa Ana. Situated on a quiet residential street, this multifamily asset offers approximately 2,280 square feet of living space with R-2 zoning, providing flexibility for duplex or small multifamily use.Built in the 1970s, the property is surrounded by a stable mix of single-family homes and multifamily residences, contributing to consistent rental demand. The location offers strong tenant appeal with a walkable setting near shopping, dining, and everyday conveniences along 17th Street and Tustin Avenue. Easy access to the 55 and 22 freeways allows for convenient commuting throughout Orange County, including nearby employment hubs in Irvine, Costa Mesa, and Anaheim.Current rents present upside potential relative to market averages, offering investors the opportunity to increase income through interior updates and operational improvements. Ideal for both owner-users and investors seeking stable cash flow with long-term appreciation in a high-demand area.Don’t miss this chance to acquire a desirable duplex in one of Santa Ana’s most sought-after neighborhoods.
Exterior Features

Entry Level 1 Entry Location Ground Foundation Details Slab Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 2 Parking Features AssignedDriveway Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes Roof Shingle Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Electric OvenElectric Range Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsStreet LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 67200 Gross Scheduled Income 67200 Insurance Expense 1575 Land Lease YN No Laundry Features In Garage Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 57919 New Construction YN No New Taxes Expense 4406 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 3300 Possession Close Of Escrow Property Sub Type Duplex Rent Control YN No Security Features Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 67200 Trash Expense 0 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableWater AvailableWater Connected Water Sewer Expense 3300 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T00:28:59.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_429512579-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_429512579-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_429512579-2.jpg
Logo
RE/MAX Empire Properties
street
Hemet CA, 92545
Listing Agent(s): David Lee of eXp Realty of California Inc (888-584-9427)