
Santa Ana, California 92707
This Versatile Income-Producing Property represents a Strong Value Opportunity, listed at $749,000—positioned well below the $783,829 Fair Market Value by 4%. This valuation gap offers $34,829 in Instant Equity. Featuring a Mint Condition Rating with a detached 1-bedroom ADU and a spacious corner lot, the home provides immediate rental income potential. While school ratings vary, the property’s turnkey status and flexible layout make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking mortgage-offsetting opportunities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1249 S Garnsey Subject | $830,000* List Price | 4 | 3 | 986 | $844 | - |
A 1519 S Towner Sold | $875,000 | 3 | 1 | 950 | $921 | 0.4 mi |
B 502 E Russell Sold | $920,000 | 3 | 2 | 1,071 | $859 | 0.7 mi |
C 1442 S Van Ness Sold | $780,000 | 2 | 1 | 1,082 | $721 | 0.3 mi |
D 2206 S Shelton Sold | $850,000 | 2 | 1 | 820 | $1,037 | 1.0 mi |
E 2235 S Parton Street Sold | $740,000 | 2 | 1 | 837 | $884 | 1.0 mi |
F 1311 Oak Sold | $892,000 | 3 | 2 | 1,296 | $688 | 0.8 mi |
G 1808 S Van Ness Avenue Sold | $855,000 | 3 | 2 | 1,187 | $720 | 0.5 mi |
H 1205 S Flower Pending | $975,000 List Price | 3 | 2 | 1,301 | $749 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1923 build date, the property has undergone a comprehensive recent renovation (likely <5 years) featuring a modern kitchen with grey shaker cabinets and stainless steel appliances, updated bathrooms with contemporary fixtures, new flooring throughout, and recessed lighting. The detached ADU is also updated, making the entire property move-in ready and in mint condition.
The property includes a detached 1-bedroom, 1-bathroom ADU, offering a significant opportunity for rental income, multigenerational living, or a private home office.
Located in the desirable Wilshire Square, this 1923 bungalow maintains its original character while featuring essential modern upgrades like a remodeled kitchen and fresh flooring.
The oversized 5,558 sqft corner lot provides rare amenities for the area, including a two-car garage, additional gated parking, and a spacious backyard for entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 986, other record living area = 808. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
With only 986 square feet of living space distributed across four bedrooms and three bathrooms, the interior layout may feel significantly cramped and lack storage.
The assigned middle school carries a low rating of 2/10, which may be a deterrent for families and could impact future property appreciation.
Welcome to this picture-perfect bungalow nestled on a beautiful tree-lined street in Santa Ana's highly desirable Wilshire Square neighborhood, where timeless character meets modern convenience. Situated on an expansive corner lot, this beautifully updated property offers endless possibilities for homeowners, multigenerational living, or savvy investors seeking immediate rental income. The charming main residence features 3 bedrooms and 1.5 bathrooms, blending classic architectural appeal with tasteful updates throughout. Fresh flooring, an updated kitchen, and a light, bright interior create a warm and inviting atmosphere while preserving the home's original charm. Relax on the adorable front porch beneath towering palm trees and enjoy the welcoming curb appeal that makes this home truly special. Adding tremendous value is the detached 1-bedroom, 1-bath ADU—ideal for rental income, extended family, guests, or a private home office. Whether you're looking to offset your mortgage or expand your investment portfolio, this versatile setup offers exceptional flexibility. Outside, the oversized corner lot provides abundant parking with a two-car garage plus an additional gated parking space, making room for multiple vehicles, recreational toys, or future possibilities. The spacious backyard offers plenty of room to entertain, garden, or create your dream outdoor retreat, while additional storage adds everyday convenience. Perfectly located just minutes from Mater Dei High School, shopping, dining, parks, and major freeways, this home combines historic charm with an unbeatable location. Whether you're searching for a forever family home or an incredible income-producing opportunity, this property checks every box. Charming, updated, versatile, and full of potential—this is a rare opportunity you truly must see to believe!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.4 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 986 | 1,531.136 |
| Lot Size | 5,558 | 6,702.356 |
| Price | $830.0K | $1.07M |
| Price per sq ft | $842 | $690 |
| Built year | 1923 | 1958 |
| HOA | $0 | $236 |
| Days on market | 34 | 51 |
Aug 24, 2026
$830,000
$749,000
+11% Price Increase
Initial Listing
Aug 6, 2026
$749,000
Initial Listing
Aug 31, 2021
$646,000
Public Record
Jan 31, 2013
$315,000
Public Record
Mar 30, 2012
$195,000
Public Record