1427 S Rene, Santa Ana, California 92704, Santa Ana, 92704 - 3 bed, 2 bath
ACTIVE$799,000$1,027/sqft
Est. Value: $850,701
6%
BelowEstimate
1427 S Rene, Santa Ana, California 92704
3Beds
2Baths
1,027Sqft
7,000Lot
Price Vs. Estimate
The estimated value ($850,700.515) is $51,700.515 (6%) higher than the list price ($799,000). This property may be underpriced.
Key pros and cons
Top Pros:
Strong Investment Opportunity: The property is explicitly marketed as a 'Prime Investment Opportunity' with 'exceptional rental income potential' and 'strong rental returns,' making it highly attractive to investors.
Top Cons:
Property Age and Potential Updates: Built in 1954, the property's age suggests it may require significant updates to systems, finishes, and overall modernization to meet contemporary living standards and tenant expectations.
Compared to the nearby listings
Price:$799.0K vs avg $915.0K ($-116,000)14%
Size:1,027 sqft vs avg 1,405 sqft11%
Price/sqft:$778 vs avg $66582%
More Insights
Built in 1954 (72 years old).
Condition: Built in 1954, the property's interior shows signs of regular upkeep with updated laminate flooring and fresh paint. However, the kitchen features older dark wood cabinets and white appliances, and the bathroom, while clean, has dated tile patterns and gold trim, suggesting renovations were done 15-30 years ago. The home is functional and livable but requires minor cosmetic updates to modernize the kitchen and bathrooms.
Year Built
1954
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$778
HOA
-
Days on market
-
Sold On
-
MLS number
OC26009196
Home ConditionFair
Features
Pool
Patio
View-
About this home
Prime Investment Opportunity in Santa Ana 92704! Discover exceptional rental income potential with this well-positioned single-family home. The property features a flexible floor plan and an additional rear room that offers valuable expansion possibilities for future tenants or owners. Situated in a highly desirable area near Mater Dei High School and Santa Ana College, with elementary, middle, and high schools all within walking distance. Strong rental returns meet competitive pricing in this investment-ready property. Ideal for both seasoned investors and those seeking their first income-producing asset.
A
An Le
Listing Agent
Price History
Date
Event
Price
01/02/97
Sold
$150,000
06/03/09
Sold
$245,000
04/24/07
Sold
$645,000
11/30/04
Sold
$455,000
Condition Rating
Fair
Built in 1954, the property's interior shows signs of regular upkeep with updated laminate flooring and fresh paint. However, the kitchen features older dark wood cabinets and white appliances, and the bathroom, while clean, has dated tile patterns and gold trim, suggesting renovations were done 15-30 years ago. The home is functional and livable but requires minor cosmetic updates to modernize the kitchen and bathrooms.
Pros & Cons
Pros
Strong Investment Opportunity: The property is explicitly marketed as a 'Prime Investment Opportunity' with 'exceptional rental income potential' and 'strong rental returns,' making it highly attractive to investors.
Prime Educational Proximity: Situated in a 'highly desirable area' near Mater Dei High School and Santa Ana College, with all levels of schooling (elementary, middle, high) within walking distance, appealing to families and students.
Expansion and Flexibility: Features a 'flexible floor plan' and an 'additional rear room' that offers valuable expansion possibilities for future tenants or owners, adding long-term value.
Generous Lot Size: A substantial 7000 sqft lot provides ample outdoor space, potential for landscaping, or future development opportunities (subject to zoning).
Strategic Location: Located in Santa Ana 92704, a well-positioned area within broader Santa Ana residential neighborhoods, enhancing its appeal for both renters and potential owner-occupants.
Cons
Property Age and Potential Updates: Built in 1954, the property's age suggests it may require significant updates to systems, finishes, and overall modernization to meet contemporary living standards and tenant expectations.
Modest Interior Square Footage: With 1027 sqft, the interior living space is relatively modest for a 3-bedroom home, which might limit its appeal to larger families or those desiring more expansive rooms.
Lack of Noteworthy Views: The property description explicitly states 'view: None,' indicating an absence of desirable aesthetic outlooks that could otherwise enhance its market value and appeal.