Current Cap Rate can potentially increase to 5.42 % if existing rental amounts are adjusted to market rates.***Front Unit:Two bedrooms, one bath.Newer windows and tile flooring.Updated kitchen.Small private front yard.Bonus room added to the back of the front house.Shared driveway easement with neighbors.***Back Unit:Two bedrooms, one bath.Private yard space and parking.Both units are permitted by the city of Santa Ana***Architectural plans for a THIRD UNIT have been submitted to the City of Santa Ana and is in the process to obtain FINAL APPROVAL.
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