120 E Pine Street, Santa Ana, California 92701, Santa Ana, 92701 - bed, bath
120 E Pine Street
Santa Ana, California 92701
Property Price
SUMMARY
Analysis of 120 E Pine Street, Santa Ana, California 92701 is currently available with a list price of $3,850,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Santa Ana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
While the property was built in 1971, it has undergone significant and recent renovations that elevate its condition. The roof is approximately 10 years old, and major exterior components (stucco, paint, windows, landscaping) are new in 2025, indicating a very recent and substantial investment in the property's curb appeal and structural integrity. The presence of copper plumbing is a valuable system upgrade. The listing states that the 'majority of the units have been upgraded' and describes the property as 'turnkey' and 'pride of ownership,' suggesting that the interiors, including kitchens and bathrooms, are move-in ready and functional, even if not explicitly shown in the provided images. The lack of interior photos prevents an 'Excellent' rating, as specific kitchen and bathroom styles and features cannot be fully assessed for modern standards. However, the extensive recent updates push it beyond a 'Fair' rating, indicating a well-maintained property with minimal immediate renovation needs.
PROSSTRENGTHS & OPPORTUNITIES
- High Demand Rental Market
Located in a high demand rental area of Santa Ana, suggesting strong tenant interest and potential for stable occupancy.
- Significant Capital Improvements
Majority of units have been upgraded, and major exterior renovations (stucco, paint, windows, landscaping) are scheduled for 2025, enhancing curb appeal and reducing immediate capital expenditures for a new owner.
- Tenant-Friendly Amenities & Features
Offers 14 units with patios & balconies, individually metered electricity (reducing landlord utility costs), ample parking including carports, an owned on-site laundry room for additional income, and durable copper plumbing.
CONSRISKS & DEFICIENCIES
- Absence of Gas Service
The property has 'NO GAS,' which may be a drawback for tenants preferring gas appliances for cooking or heating, potentially limiting the tenant pool or increasing tenant utility costs for electric alternatives.
- Building Age
Built in 1971, the property is over 50 years old. While upgrades are noted, older construction can still present unforeseen maintenance challenges or require more frequent upkeep of non-upgraded systems compared to newer buildings.
- Ambiguous Property Classification
Described as '14 Units' (apartments) but listed with a 'Mixed Use' sub-type. This discrepancy requires thorough due diligence to confirm zoning, permitted uses, and potential implications for financing or future development.
About 120 E Pine Street
We are pleased to present the Pine Apartments consisting of 14 Units (with patios & balconies) in a high demand rental area of Santa Ana. This property is individually metered for Electric (tenants responsibility) and has NO GAS. The roof is approximately 10 years old with ample parking - plenty of carports and street parking available. Property has an on-site laundry room that is owned and has copper plumbing. Majority of the units have been upgraded. NEW IN 2025: Stucco, Paint, Windows, and Landscaping! This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow! Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1971
- Lot Size
- 13,068 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Ana Unified Schools
Theodore Roosevelt Elementary School
Grades K-5 • 0.4 mi
Martin R. Heninger Elementary School
Grades K-8 • 0.3 mi
Julia C. Lathrop Intermediate School
Grades 6-8 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 7,350 | 4,473 | 75% |
| Lot Size | 13,068 | 14,375 | 50% |
| Price | $3.85M | $1.90M | 75% |
| Price per sq ft | $524 | $484 | 75% |
| Built year | 1971 | 1975 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 214 | 200 | 75% |
Pricing History
Listed for Sale
Aug 5, 2025
$3,850,000
Initial Listing