Experienced real estate investor sought a 1st TD loan to purchase this non-owner occupied “Fix & Rent” SFR investment property in Santa Ana, Orange County, CA. In addition to renting out this SFR after some minor repairs, borrower plans to maximize investment income by building an ADU on the subject property’s large, unused lot. Borrower has over $200k in the Bank to construct the ADU.
The subject property is a single story SFR with 943 SF of rentable living space on a .14 acre lot. The subject property has a total of 4 rooms, 2 Bed / 1 Bath and a 2 car driveway. The subject property is very well located in the heart of Santa Ana, south-west of the 5 FWY, near Main & Fourth Street shopping, restaurants, the Santa Ana Zoo, parks and churches.
What we like about this Trust Deed opportunity:
- SFR Investment Property
- Central Santa Ana location
- Building ADU on unused property lot
- 6 months guaranteed interest