1014 W 3Rd Street, Santa Ana, CA 92703

The Property consist of 2 residential duplexes on adjacent lots. 1012-1014 is one duplex but also has two storage units rented out with a total monthly income of $3,790.00 The units could continued to be rented at the current rates in practical perpetuity as there is high demand for these rentals in the area. Unique feature of these properties is that they have been rezoned for commercial use, specifically Santa Ana's P zoning, which would allow for an investor, developer or owner/user to redevelop the residential rental units into commercial space.Santa Ana's P zoning allows for the following uses, of course, we advise you contact the city's planning and zoning department to confirm your use and get specific inclusions and exclusions to the following uses:(a) Professional, business and administrative offices where no merchandise is sold.(b) Banks, savings and loan offices, credit unions, and mortgage and finance companies.(c) Travel agencies.(d) Medical and dental offices.(e) Art galleries, art and photography studios.(f) Museums and science centers.(g) Print and copy services.(h) Pharmacies, limited to the dispensing of goods and merchandise related to health care only, and excluding drive-through facilities.(i) Child care facilities.(j) Non-freestanding commercial and service (Please see Santa Ana Zoning for in depth detail for this option)(k) Freestanding restaurants, cafes, and eating establishments.