1329 W Mcfadden, Santa Ana, California 92704, Santa Ana, 92704 - 5 bed, 4 bath
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Santa Ana, California 92704
This property presents a Strong Value Opportunity with a List Price of $1,050,000—positioned well below the $1,116,618 Fair Market Value by 5%. This valuation gap offers $66,618 in Instant Equity. Featuring a 3-bedroom main residence and a newly built 2-bedroom ADU, this Condition Rating 3 asset provides immediate dual-income potential with fully paid-off solar. Its corner lot location and proximity to Santa Ana College make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1329 W Mcfadden Subject | $1,050,000* List Price | 5 | 4 | 2,146 | $520 | - |
A 2014 S Poplar Sold | $960,000 | 3 | 2 | 1,521 | $631 | 0.9 mi |
B 1621 S Diamond Active | $1,135,000 List Price | 7 | 4 | 2,493 | $455 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the main structure dates to 1958, the property includes a newly built ADU and significant modern upgrades such as paid-off solar and mini-split HVAC systems. Interior photos show recessed lighting and updated flooring, indicating the property is well-maintained and move-in ready.
The property features a main 3-bedroom residence and a newly built 2-bedroom ADU, generating a combined monthly rental income of $6,175, making it an ideal turnkey investment.
Equipped with fully paid-off solar panels and separate gas and electric meters for both units, the property offers significant utility savings and simplified management for landlords.
Situated on a desirable corner lot, the property is fully enclosed with block walls and wrought iron fencing, providing enhanced privacy, security, and curb appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2146, other record living area = 1368. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
While the ADU is new, the main residence was built in 1958, which may necessitate higher long-term maintenance costs for older plumbing, electrical, or roofing systems.
With two dwellings and multiple covered patios occupying a 7,080 sqft lot, the remaining outdoor space for each unit is relatively constrained, which may limit appeal for families seeking large yards.
Exceptional investment opportunity in a prime Santa Ana location! Situated on a desirable corner lot, this well-maintained property features a 3-bedroom, 2-bath main residence with an enclosed patio permitted about 101 s.f ,and attached 2-car garage. Plus a newly built 2-bedroom, 2-bath ADU complete with a covered patio about 133 s.f with three walls cover. Separate gas and electric meters, and fully paid-off solar. The property is fully enclosed with three block walls and an attractive wrought iron front fence, offering added privacy and curb appeal. The main home is currently leased on a month-to-month basis to long-term, reliable tenants at $3,575 per month, while the ADU generates an additional $2,600 per month, creating immediate income potential.Total income is $6,175 Ideally located within walking distance to Northgate Market, shopping, and schools, and just minutes from Santa Ana College, this property offers convenience, strong rental income, and excellent long-term value. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this is a rare opportunity you won't want to miss!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,146 | 1,505 |
| Lot Size | 7,080 | 6,834.5 |
| Price | $1.05M | $1.05M |
| Price per sq ft | $489 | $672 |
| Built year | 1958 | 1957 |
| HOA | $0 | $215 |
| Days on market | 8 | 50 |
Jul 14, 2026
$1,050,000
Initial Listing
Sep 9, 2016
$435,000
Public Record
Jan 22, 2009
$206,500
Public Record
Dec 1, 2005
$560,000
Public Record