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 single-family homes and multifamily residences, contributing to consistent rental demand. The location offers strong tenant appeal with a walkable setting near shopping, dining, and everyday conveniences along 17th Street and Tustin Avenue. Easy access to the 55 and 22 freeways allows for convenient commuting throughout Orange County, including nearby employment hubs in Irvine, Costa Mesa, and Anaheim.
Current rents present upside potential relative to market averages, offering investors the opportunity to increase income through interior updates and operational improvements. Ideal for both owner-users and investors seeking stable cash flow with long-term appreciation in a high-demand area.
Don’t miss this chance to acquire a desirable duplex in one of Santa Ana’s most sought-after neighborhoods.
Pending
Listed by: eXp Realty of California Inc • David Lee • 949-310-7773
$1,270,000
2229 Ponderosa St, Santa Ana, CA 92705
5beds
4baths
2,283sqft
Duplex
Built in 1976
-- sqft lot
$-- Zestimate®
$556/sqft
$-- HOA
What's special
- 179 days
- 31
- 0
Zillow last checked:
Listing updated:
Listed by:
David Lee DRE #01320447 949-310-7773,
eXp Realty of California Inc
Source: CRMLS,MLS#: OC26097142
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Oven, Electric Range
- Laundry: In Garage
Features
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,283
- Total interior livable area: 2,283 sqft
Property
Parking
- Total spaces: 3
- Parking features: Assigned, Driveway
- Garage spaces: 3
Features
- Levels: One,Two
- Stories: 1
- Entry location: Ground
- Pool features: None
- Spa features: None
Lot
- Size: 6,098 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 39628148
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Water Available, Water Connected
Community & HOA
Community
- Features: Curbs, Street Lights, Sidewalks
- Security: Smoke Detector(s)
- Subdivision: Na
Location
- Region: Santa Ana
Financial & listing details
- Price per square foot: $556/sqft
- Tax assessed value: $359,244
- Date on market: 5/4/2026
- Cumulative days on market: 179 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Total actual rent: 67200
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$3,484/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2026 | Pending sale | $1,270,000$556/sqft |
Source:  CRMLS #OC26097142 Report a problem | ||
| 5/5/2026 | Listed for sale | $1,270,000$556/sqft |
Source: CRMLS #OC26097142 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $359,244 +2% |
| 2025 | $4,404 +4.4% | $352,200 +2% |
| 2024 | $4,218 +2.4% | $345,295 +2% |
| 2023 | $4,120 +1.5% | $338,525 +2% |
| 2022 | $4,060 +2% | $331,888 +2% |
| 2021 | $3,980 +0.6% | $325,381 +1% |
| 2020 | $3,958 | $322,045 +2% |
| 2019 | $3,958 +2.3% | $315,731 +2% |
| 2018 | $3,867 +3.4% | $309,541 +2% |
| 2017 | $3,739 | $303,472 +2% |
| 2016 | $3,739 +1.8% | $297,522 +1.5% |
| 2015 | $3,673 +3.6% | $293,053 +2% |
| 2014 | $3,545 | $287,313 +0.5% |
| 2013 | -- | $286,015 +2% |
| 2012 | -- | $280,407 +2% |
| 2011 | -- | $274,909 +0.8% |
| 2010 | -- | $272,855 -0.2% |
| 2009 | -- | $273,504 +2% |
| 2008 | -- | $268,142 +2% |
| 2007 | -- | $262,885 +2% |
| 2006 | -- | $257,731 +2% |
| 2005 | -- | $252,678 +2% |
| 2004 | -- | $247,724 +1.9% |
| 2003 | -- | $243,184 +2% |
| 2002 | -- | $238,416 +2% |
| 2001 | $2,482 +2.2% | $233,742 +2% |
| 2000 | $2,429 | $229,159 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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