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1404 N Freeman
About This Property
The main home features 2 spacious bedrooms and a beautifully updated bathroom complete with a walk-in shower and soaking tub. Inside, you'll find recessed lighting throughout, central air and heating, a dedicated interior laundry room, and a brand-new kitchen outfitted with sleek stone countertops-perfect for both everyday living and entertaining.
What truly sets this property apart is the exceptional exterior living space designed with versatility in mind. Situated on a generous 6,850 sq ft lot, the backyard offers a private retreat featuring a sparkling pool and relaxing jacuzzi-ideal for unwinding or hosting. In addition, a detached private room with its own bathroom provides endless possibilities: a home office, guest suite, in-law quarters, or potential rental income opportunity.
The long, expansive driveway leads to a spacious 2-car detached garage, offering ample parking and privacy.
This home is a rare blend of comfort, flexibility, and lifestyle in one of Santa Ana's most charming neighborhoods.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2026 | Sold | ||
| Sold | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| May 22, 2026 | No longer available | - | |
| No longer available | |||
| May 5, 2026 | Listed by First Team Real Estate | $1,179,000 | |
| Listed by First Team Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017