$1,270,000
2229 Ponderosa, Santa Ana CA 92705
Multi-Family (Duplex)
Property type
31 days
On market
$556
Price per sqft
3 cars
Garage
1976
Year built
6,098 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: David Lee DRE #01320447 949-310-7773, eXp Realty of California Inc
Listing updated: May 7, 2026 at 01:39pm.
Last checked: Jun 5, 2026 at 03:00pm
Source: CRMLS #OC26097142
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | — | $2,900 | $34,800 | $37,200 | Unfurnished |
| 1 | 2 | 2 | — | $2,700 | $32,400 | $34,800 | Unfurnished |
# of Buildings: 2
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 1
Ranges: 2
Rent Control: No
Units Leased: 2
Total Actual Rent: $67,200
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
18.9x
List Price / Annual Gross Rent
Cap Rate
4.56%
NOI / List Price
Gross Scheduled Income: $67,200
Operating Expense: $3,300
Net Operating Income: $57,919
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $1,575
New Taxes: $4,406
Trash: $0
Water / Sewer: $3,300
Interior
Cooling: Central Air
Heating: Central
Appliances: Electric Oven, Electric Range
Fireplace: Living Room
Laundry: In Garage
Entry Location: Ground
Exterior
Property Attached: Yes
Stories Total: 2
Levels: One, Two
Roof: Shingle
Foundation: Slab
Common Walls: One Common Wall
Security Features: Smoke Detectors
Lot Features: Two To Five Units Acre
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Water Available, Water Connected
View: None
Garage and Parking
Parking: Assigned, Driveway
Garage Spaces: 3
Parking Total: 3
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 39628148
Additional Parcels: No
Tax Lot: 1
Subdivision: NA
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 2229 Ponderosa, Santa Ana, CA 92705. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,016,000
Total Interest
$1,295,852
Total Payment
$2,311,852
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$7,895
per month
Property History for 2229 Ponderosa
Santa Ana Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92705.
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