
Santa Ana, California 92701
This Residential Income Duplex is a Strong Value Opportunity, listed at $1,000,000—positioned well below the $1,004,698 Fair Market Value by 0.47%. This property offers $4,698 in Instant Equity. Featuring a Condition Rating of 4, the asset includes a versatile 5BR/1.5BA front unit and a 2BR/1.5BA rear unit on a large 9,583 SF lot with Professional Zoning. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible live/work space near downtown.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1514 E 4th Subject | $1,000,000* List Price | 0 | 0 | 2,463 | $408 | - |
A 406 E Walnut Active | $1,199,900 List Price | 0 | 0 | 2,677 | $448 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property is well-maintained and features updates like dual-pane windows and hardwood floors, the 1948 build date and the visual evidence of the bathroom (vintage green tile and older fixtures) indicate that major systems and finishes are likely over 20 years old and dated by modern standards.
The property features two separate residences (5BR and 2BR) on a single parcel, providing exceptional flexibility for rental income, multi-generational living, or owner-occupancy with a mortgage helper.
The large 9,583 SF lot is zoned for professional use, offering unique live/work potential and significant space for outdoor activities, gardening, or future development.
Both units are well-maintained with the front home featuring modern upgrades such as dual-pane windows, hardwood flooring, and a remodeled kitchen, reducing immediate capital expenditure for a buyer.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2463, other record living area = 1751.
The front residence contains 5 bedrooms but only 1.5 bathrooms, which may be a significant drawback for large families or high-occupancy rental scenarios.
Built in 1948, the property may require more frequent maintenance or upgrades to aging systems (plumbing, electrical) compared to newer residential income properties.
Discover the possibilities with this versatile two unit property located near Santa Ana’s thriving downtown district. Offering two separate residences on one parcel, this property presents exceptional potential for owner occupants, investors or those seeking a live/work opportunity. The front residence features approximately 1,750 SF of living space with 5 bedrooms and 1.5 bathrooms. Thoughtfully updated, the home showcases dual-pane windows, hardwood flooring, two fireplaces, a well-appointed kitchen and an abundance of natural light throughout. A covered patio extends the living space outdoors, ideal for relaxing or entertaining. Privately situated behind the garage, the second residence offers approximately 750 SF feet with 2 bedrooms and 1.5 bathrooms. Both residences are well maintained and designed for comfortable living with functional layouts. Each unit enjoys its own private yard and laundry area, along with shared access to a spacious 2 car garage and ample on site parking. The expansive approximately 9,583 SF lot provides exceptional flexibility, privacy, future potential and is enhanced by mature fruit trees including orange, lemon, fig, and persimmon. Whether generating rental income, accommodating extended family or occupying one unit while leasing the other, this property offers outstanding versatility and long term value. The property is also zoned for professional use; buyers are advised to verify permitted uses directly with the City of Santa Ana.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 2,463 | 2,400 |
| Lot Size | 9,583 | 8,139.5 |
| Price | $1.00M | $1.05M |
| Price per sq ft | $406 | $429 |
| Built year | 1948 | 1952 |
| HOA | $0 | $0 |
| Days on market | 51 | 100 |
Jun 1, 2026
$1,000,000
Initial Listing
Jun 16, 2017
$729,000
Public Record
Sep 21, 2015
$635,000
Public Record
Nov 6, 2006
$307,500
Public Record