2118 Park Drive
Santa Ana, CA 92707
Listing broker / agent: New Empire Realty · Tony Nguyen · 714-333-1188 · CRMLS
MLS # OC26193623 · Last checked Oct 22, 2026 06:23 UTC
About this property
Excellent opportunity for investors or owner-occupants seeking immediate cash flow, multiple living spaces, and additional rental upside. Located at 2118 S Park Dr, Santa Ana, CA 92707, this property features a charming main residence plus a newer 3-bedroom, 2-bath ADU built in 2022. The property currently generates approximately $6,000 per month in combined rental income — roughly $72,000 annually. The main house is occupied by a long-term tenant of approximately 14 years, providing valuable rental stability with annual rent increases. Current rents may also offer additional future upside toward fair-market levels, subject to applicable lease terms and rental regulations. The main residence is a charming circa-1949 bungalow that has undergone extensive professional-level remodeling. Interior upgrades include recessed ceiling lighting, an updated kitchen with black stone countertops, newer cabinetry, stainless-steel sink, easy-care tile flooring throughout, and double-pane windows. A backyard patio slider provides convenient access to the private outdoor living area with steel side-yard gates providing added privacy and security. Adding tremendous value is the 2022-built 3-bedroom, 2-bath ADU, creating a highly desirable two-unit living arrangement and multiple income possibilities. An investor can benefit from income from both residences, while an owner-occupant may choose to live in one unit and rent out the other to help offset the mortgage and monthly housing expenses. Ideal for a buy-and-hold investor, owner-investor, or multi-generational household, this property combines established rental income, a long-term tenancy, substantial improvements, a newer ADU, and future income potential. Approximately $72,000 in current annual gross rental income with potential for more — a compelling Santa Ana investment opportunity with cash flow from day one.
Property details
- MLS number
- OC26193623
- Status
- Active
- Type
- Residential
- Subtype
- Single Family Residence
- Beds / baths
- 5 Beds • 3 Baths
- Living area
- 1,801 Sq Ft
- Lot size
- 0.1446 acres
- County
- Orange
- Year built
- 1949
- Stories
- 1
More property detailsCollapse
Listing
- Days on market
- 40
Building
- Year built
- 1949
- Year built source
- Assessor
- Stories
- 1
- Building stories
- 1
- Levels
- One
- Entry level
- 1
- Living area source
- Assessor
Bathrooms
- Full bathrooms
- 3
Rooms & interior
- Main-level bedrooms
- 6
- Main-level bathrooms
- 4
- Rooms
- Bedroom
- Interior features
- All Bedrooms Down
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- Washer Hookup, Gas Dryer Hookup
Exterior & parking
- Total parking spaces
- 1
- Garage spaces
- 1
- Attached garage
- Yes
- Pool
- None
- Lot features
- Front Yard
- Lot size source
- Assessor
- Property outlook
- Neighborhood
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Sidewalks
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Schools reported in the listing
- High school district
- Santa Ana Unified
School information is supplied with the listing. Confirm current attendance boundaries and enrollment eligibility directly with the school district.
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Washington Elementary Santa Ana Unified · Santa Ana | K–5 | 0.3 mi |
| Jefferson Elementary Santa Ana Unified · Santa Ana | K–5 | 0.7 mi |
| Manuel Esqueda Elementary Santa Ana Unified · Santa Ana | K–8 | 0.7 mi |
| Saddleback High Santa Ana Unified · Santa Ana | 7–12 | 0.8 mi |
| Cesar E. Chavez High Santa Ana Unified · Santa Ana | 9–12 | 0.8 mi |
| Vista Meridian Global Academy (school website, opens in a new tab) Orange County Department of Education · Santa Ana | 9–12 | 0.8 mi |
| Martin Elementary Santa Ana Unified · Santa Ana | K–5 | 0.9 mi |
| Adams Elementary Santa Ana Unified · Santa Ana | K–5 | 0.9 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,349,000
- MLS-reported original asking price
- $1,450,000
- MLS-reported previous asking price
- $1,399,000
- MLS-reported last price change
- 2026-10-14 14:27 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 14, 2026 22:19 | $1,349,000 |
| Oct 14, 2026 17:09 | $1,399,000 |
| Oct 2, 2026 05:50 | $1,450,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Santa Ana
Active residential homes for sale in Santa Ana, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
38 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-22 07:20 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗