1250 W 2nd, Santa Ana, California 92703, Santa Ana, 92703 - 0 bed, 0 bath
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Santa Ana, California 92703
This Triplex Investment Asset is listed at $1,500,000, aligning closely with its $1,498,984 Fair Market Value. Featuring three spacious 2-bedroom units, the property currently holds a Condition Rating of 4, presenting a clear opportunity for forced appreciation through interior modernization. Ideally located within the high-demand Bristol Street Corridor near Santa Ana College, the asset benefits from a Stable Unit Mix and essential amenities including individual garages and on-site laundry. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking reliable cash flow in a low-vacancy market.
Property is moderate renovation needed.
The property was built in 1961 (63 years old) and lacks mention of recent major renovations to kitchens, baths, or core systems. Exterior images show dated window AC units rather than central HVAC, and while the listing describes the triplex as well-maintained and functional, the age and visible features suggest it is a dated asset requiring minor repairs and modernization to meet current market standards.
Situated along the Bristol Street Corridor near Santa Ana College and Downtown, the property is in a high-demand area with excellent connectivity to the I-5 and SR-22 freeways.
The property features three spacious 2-bedroom, 1-bathroom units, a highly desirable configuration that typically attracts long-term tenants and ensures lower vacancy rates.
The inclusion of individual garage parking for each unit and an on-site community laundry facility significantly enhances rental appeal and provides competitive advantages in the local market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6284.
Built in 1961, the property may require ongoing maintenance or capital improvements to aging systems such as plumbing, electrical, or roofing to maintain its value.
At a list price of $1.5 million, the price per unit is relatively high, which may result in a tighter capitalization rate for investors seeking immediate high cash flow.
Welcome to 1250 W 2nd St, Santa Ana – Investment Opportunity!!! Well-maintained triplex featuring three spacious 2-bedroom, 1-bath units, each offering functional layouts and strong rental appeal. The property includes individual garage parking for each unit along with a convenient on-site community laundry facility. Ideally situated along the Bristol Street Corridor, the property is approximately one mile from Santa Ana College and the Eddie West Field/Santa Ana Stadium. Tenants enjoy close proximity to a variety of shopping, dining, and entertainment options. This prime location benefits from excellent connectivity to Downtown Santa Ana and 4 miles to South Coast Plaza Shopping Center. Commuters will appreciate the convenient access to both the I-5 and SR-22 freeways. This property represents an ideal investment opportunity with a stable unit mix in a high-demand rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,272 | 1,470 | 80% |
| Lot Size | 6,098 | 6,098 | 50% |
| Price | $1.50M | $630.0K | 80% |
| Price per sq ft | $660 | $429 | 80% |
| Built year | 1961 | 1930 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 268 | 20% |
May 3, 2026
$1,500,000
Initial Listing