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1419 S Sycamore Street, Santa Ana, California 92707, Santa Ana, 92707 - bed, bath

1419 S Sycamore Street, Santa Ana, California 92707 home-pic-0
ACTIVE$3,250,000
1419 S Sycamore Street, Santa Ana, California 92707
0Bed
0Bath
8,995Sqft
12,502Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Cash Flow & Investment Potential: The property is generating strong cash flow with a 5.87% cap rate, and offers significant upside potential with minor investments in aesthetics and fixtures.
Top Cons:
Age of Construction: Built in 1953, the property may have aging systems and components (e.g., electrical, HVAC, roofing) not explicitly mentioned as updated, potentially requiring future capital expenditures.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1953 (72 years old).
Condition: Built in 1953, this property is aged but appears to be well-maintained with updated interior plumbing and passed balcony inspections. However, the listing explicitly states that 'minor investment in fixtures and aesthetics' is needed to capture significant upside, indicating that kitchens, bathrooms, and general finishes are functional but outdated. The exterior images show window/wall AC units, suggesting older cooling systems rather than central HVAC. While not requiring substantial repairs, the property is not modernized and needs cosmetic updates to meet current standards.
Year Built
1953
Close
-
List price
$3.25M
Original List price
$3.45M
Price/Sqft
$361
HOA
-
Days on market
-
Sold On
-
MLS number
PW25107267
Home ConditionFair
Features
Deck
View-

About this home

1419-1423 represents the opportunity to acquire 12 units situated across two adjacent parcels just one block off Main Street in Santa Ana. This well-maintained property is comprised of 100% 2 bed + 1 bath units averaging approximately 750 square feet each. Built in 1953, the buildings boast a total of 8,995 square feet with aggregate lot square footage of 12,502. Each unit is rented with one off-street parking space. Interior plumbing has been updated on both buildings and a water shutoff valve has been installed inside each unit. Both buildings have passed SB 721 balcony inspections. Tenants enjoy living on Sycamore because of it’s convenient proximity to both Main Street and Edinger Avenue. The property is within a 5-minute walk of shops and restaurants including: DG Market, Superior Grocers, Family Nails, Pizza Trio, Jack in the Box, KFC, Tierra Mia Coffee and many more. The units are generating strong cash ?ow with a 5.87% cap rate. With a minor investment in ?xtures and aesthetics a buyer will be able to capture a signi?cant amount of upside.

Condition Rating
Fair
Built in 1953, this property is aged but appears to be well-maintained with updated interior plumbing and passed balcony inspections. However, the listing explicitly states that 'minor investment in fixtures and aesthetics' is needed to capture significant upside, indicating that kitchens, bathrooms, and general finishes are functional but outdated. The exterior images show window/wall AC units, suggesting older cooling systems rather than central HVAC. While not requiring substantial repairs, the property is not modernized and needs cosmetic updates to meet current standards.
Pros & Cons

Pros

Strong Cash Flow & Investment Potential: The property is generating strong cash flow with a 5.87% cap rate, and offers significant upside potential with minor investments in aesthetics and fixtures.
Prime Urban Location: Strategically located just one block off Main Street in Santa Ana, providing excellent visibility and accessibility to major thoroughfares.
High Walkability & Tenant Appeal: Tenants benefit from a 5-minute walk to numerous shops, restaurants, and essential services, enhancing the property's desirability and rental demand.
Recent Infrastructure Upgrades: Interior plumbing has been updated in both buildings, and individual water shutoff valves installed, reducing immediate maintenance concerns.
Regulatory Compliance & Safety: Both buildings have successfully passed SB 721 balcony inspections, ensuring compliance with safety regulations and mitigating potential liabilities.

Cons

Age of Construction: Built in 1953, the property may have aging systems and components (e.g., electrical, HVAC, roofing) not explicitly mentioned as updated, potentially requiring future capital expenditures.
Required Unit Modernization: The description indicates a need for 'minor investment in fixtures and aesthetics' to capture full rental upside, suggesting units are not fully modernized or optimized for top-tier rents.
Recent Price Adjustment: The property has undergone a recent price reduction from $3.45M to $3.25M, which could suggest initial overvaluation or market resistance at the higher price point.

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