1208 E 3rd, Santa Ana, California 92701, Santa Ana, 92701 - 3 bed, 3 bath
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Santa Ana, California 92701
This property presents a High-Potential Investment Opportunity with a List Price of $890,000—positioned above the $771,092 Fair Market Value. While the property requires significant capital expenditure due to its Condition Rating of 5, the 1,731 square foot layout and 6,250 square foot lot provide a substantial foundation for value-add renovations. The home’s historic 1915 architecture offers unique character in a revitalizing urban core. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers capable of managing comprehensive system upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1208 E 3rd Subject | $890,000* List Price | 3 | 3 | 1,731 | $445 | - |
A 1326 E 15th Street Sold | $930,000 | 3 | 2 | 1,623 | $573 | 0.7 mi |
B 1018 N Wright Sold | $751,000 | 4 | 2 | 1,525 | $492 | 0.6 mi |
C 615 E Bishop Sold | $799,900 | 3 | 2 | 1,382 | $579 | 0.7 mi |
D 627 E Bishop Sold | $820,000 | 3 | 1 | 1,510 | $543 | 0.6 mi |
E 1019 S Hickory Sold | $665,000 | 2 | 2 | 1,203 | $553 | 0.9 mi |
F 1601 Wellington Active | $995,000 List Price | 5 | 2 | 1,745 | $570 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1915, this property shows significant signs of age and deferred maintenance. The kitchen features dated cabinetry and DIY-style finishes, while the living areas retain popcorn ceilings and old wall-unit heating instead of modern HVAC. Despite some newer laminate flooring, the home requires a comprehensive rehab of its primary systems and interior finishes to meet modern standards.
Built in 1915, this residence features the character of early California architecture and 'strong bones,' offering a unique aesthetic that is highly sought after in historic urban cores.
The property is positioned as a 'sweat equity' opportunity in a revitalizing neighborhood, allowing buyers to build substantial value through strategic renovations and improvements.
With 1,731 square feet of living space and a 3-bedroom, 3-bathroom configuration on a 6,250 square foot lot, the home provides a spacious and functional layout for a single-family residence.
The emphasis on 'sweat equity' and the home's age suggest that significant investment in modernization and repairs will be necessary to bring the property up to contemporary standards.
As a century-old structure, the property likely requires updates to major systems such as electrical, plumbing, and HVAC, which can be costly and complex for new homeowners.
Located in the heart of Santa Ana’s evolving urban core, this classic 1915 residence offers a rare opportunity for buyers looking to build equity in one of Orange County’s steadily revitalizing neighborhoods. Featuring approximately 1,731 square feet of living space on a 6,250 square foot lot, the home offers strong bones, generous living areas, and the character of early California architecture. For first-time homebuyers, this home may represent one of the more attainable entry points into the Santa Ana single-family market, especially for buyers willing to invest sweat equity over time. Santa Ana also continues to support homeownership through programs designed to assist qualified first-time buyers with down payment assistance (Check with your lender and city of Santa Ana for available programs).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 1,731 | 1,509 | 71% |
| Lot Size | 6,250 | 6,514 | 41% |
| Price | $890.0K | $900.0K | 41% |
| Price per sq ft | $514 | $579 | 29% |
| Built year | 1915 | 1952 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 213 | 6% |
May 13, 2026
$890,000
Initial Listing