1050 W Chestnut Avenue, Santa Ana, CA 92703

Property Description

INCREDIBLE OPPORTUNITY TO OWN 2 HOMES ON ONE EXPANSIVE 8,400+ SQ. FT. LOT IN SANTA ANA - LIVE IN ONE AND RENT THE OTHER! Featuring RV access and parking for up to 10 vehicles, this exceptional property includes a completely rebuilt and remodeled front residence, plus a brand-new, ground-up 2026 ADU. With estimated combined monthly rental income of approximately $8,000, this is an outstanding opportunity for investors, 1031 exchange buyers, multi-generational households, extended families or buyers seeking additional income. The front residence offers 3 bedrooms, 2 bathrooms, approximately 1,016 sq. ft. of living space, and impressive 9-foot ceilings. Completely gutted and rebuilt from the inside out, it features modern finishes, updated systems, ductless heating and air conditioning and the comfort and functionality of a beautifully renovated home. The brand-new rear ADU features 2 generously sized bedrooms, 1 bathroom, approximately 1,000 sq. ft. of living space and dramatic ceilings exceeding 10 feet, creating a bright, open, and spacious living environment. The open-concept interior showcases abundant natural light, recessed lighting, contemporary flooring and a stylish kitchen with quartz countertops, shaker cabinetry, stainless steel appliances and a large center island. Each residence enjoys its own private outdoor space, providing valuable separation, privacy and flexibility. The rare oversized lot also offers an expansive backyard, RV access, and parking for up to 10 vehicles - exceptional features for a two-home property. Additional highlights include fully paid-off solar panels serving the rear residence, ductless heating and air conditioning in both homes, low-maintenance desert landscaping, and integrated Ring security systems for added convenience and peace of mind. With approximately 2,016 sq. ft. of combined living space, a total of 5 bedrooms and 3 bathrooms, this distinctive property offers two move-in-ready homes, excellent rental potential, and multiple living possibilities - all conveniently located near schools, shopping, dining, parks and major transportation routes. A rare opportunity to own two exceptional homes on one large lot in the heart of Santa Ana!