Address
2229 Ponderosa, Santa Ana, CA
Price
$ 1,270,000
Property Attributes
- ID#OC26097142
- TypeMulti-Family
- Listing Status Pending
- CountyOrange
- CitySanta Ana
- Area Santa Ana North of First
- NeighborhoodNA
- Zip92705
- Style
- Year Built1976
- Price$ 1,270,000
- Bedrooms0
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2283
- Lot Size0.14 Acres
Data Source:
California Regional MLS (CRMLS)
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.
| Price History | |
|---|---|
| 5/5/2026 | Listed $1,270,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Utilities | Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Water Available,Water Connected |
| Possession | Close Of Escrow |
| Roof | Shingle |
| Appliances | Electric Oven,Electric Range |
| Garage Spaces | 3 |
| Pool Features | None |
| Security Features | Smoke Detector(s) |
| Year Built | 1976 |
| Tenant Pays | Electricity,Gas |
| View | None |
| Stories Count | 1 |
| Levels | One,Two |
| Property Subtype | Duplex |
| Gross Income | 67200 |
| Community Features | Curbs,Street Lights,Sidewalks |
| County | Orange |
| Net Operating Income | 57919 |
| Operating Expense | 3300 |
| Insurance Expense | 1575 |
| New Construction | false |
| Property Type | Residential Income |
| HOA | false |
| Subdivision Name | NA |
| Garage Y/N | true |
| Special Listing Conditions | Standard |
| Status | Pending |
| Directions | From E Santa Clara ave, west side of 55 Frwy, south corner lot of N.Ponderosa st. |
| City | Santa Ana |
| Entry Location | Ground |
| Senior Community Y/N | false |
| Number Of Units Total | 2 |
| MLS Area | 70 - Santa Ana North of First |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 6098 |
| Number of Units Leased | 2 |
| Listing Terms | Cash,Cash to New Loan,Conventional |
| Spa Features | None |
| Property Attached Y/N | true |
| Land Lease Y/N | false |
| Water Sewer Expense | 3300 |
| Additional Parcels Y/N | false |
| Rent Control Y/N | false |
| Building Area Units | Square Feet |
| Standard Status | Pending |
| Year Built Source | Assessor |
| Tax Lot | 1 |
| Total Actual Rent | 67200 |
| Property Sub Type Additional | Duplex |
| Taxes | 4406 |
| PostalCity | SANTA ANA |
Interior Features
| Fireplace Features | Living Room |
|---|---|
| Total Stories | 2 |
| Common Walls | 1 Common Wall |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Laundry Features | In Garage |
| Entry Level | 1 |
Exterior Features
| Parking Features | Assigned,Driveway |
|---|---|
| Lot Features | 2-5 Units/Acre |
| Water Source | Public |
| Total Parking | 3 |
| Lot Size Area | 6098 |
| Foundation Details | Slab |
| Number of Buildings | 2 |
| Spa | false |
| Building Area Total | 2283 |
| Lot Size Acres | 0.14 |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 1 |
| Number of Separate Gas Meters | 2 |
| Number of Separate Electric Meters | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 92705
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 22, 2026 7:28 AM UTC 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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