
Santa Ana, California 92701
This Residential Income Duplex is a Strong Value Opportunity, listed at $1,000,000—positioned well below the $1,072,988 Fair Market Value by 6%. This valuation gap offers $72,988 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the property includes updated kitchens and dual-pane windows. With Professional Use Zoning and a large 9,583 SF lot, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a versatile live/work setup near downtown Santa Ana.
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 | $436 | - |
A 404 E Chestnut Avenue Sold | $806,000 | 0 | 0 | 2,049 | $393 | 0.9 mi |
B 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 move-in ready.
While originally built in 1948, the property is described as thoughtfully updated and well-maintained. Features such as dual-pane windows, hardwood flooring, and a well-appointed kitchen indicate a renovation likely within the 5-15 year range, making it move-in ready.
Featuring two separate residences (5BR/1.5BA and 2BR/1.5BA) on one parcel, this property offers exceptional flexibility for multi-generational living, rental income, or a live/work setup.
The generous 9,583 SF lot provides rare privacy, mature fruit trees, and professional use zoning, offering significant long-term value and development potential near downtown Santa Ana.
Both units are well-maintained with modern upgrades including dual-pane windows, hardwood flooring, and updated kitchens, ensuring immediate occupancy without the need for major renovations.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2463, other record living area = 1751.
The primary 5-bedroom residence only contains 1.5 bathrooms, which may be a functional challenge for large families or high-occupancy rental scenarios.
Originally constructed in 1948, the property may require ongoing maintenance or future system upgrades typical of homes from this era, despite the cosmetic updates.
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 9,500 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,463 | 2,256 | 50% |
| Lot Size | 9,583 | 7,923.5 | 75% |
| Price | $1.00M | $1.02M | 50% |
| Price per sq ft | $406 | $398 | 63% |
| Built year | 1948 | 1933 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 210 | 13% |
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