Real estate investor is sought a business purpose cash-out 1st TD on this Santa Ana 3-unit investment property to remodel each of the three units and ultimately bring it up to code with the City of Santa Ana Planning & Building Department.

The subject is a ranch style triplex located in Santa Ana in Orange County.  Each unit has and identical floor plan with 757 SF of living space, a kitchen, living room and 2BR/1BA.  Subject also features a 3-car attached garage (1/unit and community laundry room).  Among the items to be replaced:  garage doors, windows, doors/screen doors, int/ext paint, complete bathroom remodel, complete kitchen remodel, new flooring, new lighting, new heaters, new laundry room, new landscaping, and more.

Expected monthly rental income will be $6,900.

Recent Transaction – $265,000 Business Purpose, Santa Ana, CA 92703