1516 W 5th, Santa Ana, California 92703, Santa Ana, 92703 - 0 bed, 0 bath
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1516 W 5th
Santa Ana, California 92703
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,600Sq Ft
6,098Lot Size
Property Price
LIST PRICE$1,180,000
EST. MARKET VALUE
$1,186,000
SUMMARY
This High-Potential Investment Opportunity is a Turnkey Quadruplex listed at $1,180,000, positioned well below the $1,186,000 Fair Market Value by 0.5%. Featuring a Mint Condition Rating with a new roof, upgraded electrical, and modern interiors, this asset offers $6,000 in Instant Equity. With an Exceptional Parking Ratio of eight spots and the ability to deliver one unit vacant, this property is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a stabilized, low-expense income stream in a prime Santa Ana location.
Estimated Market Value
$1,186,000
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1516 W 5th Subject 0 bd · 0 ba · 1,600 sqft · $741 | $1,180,000* List Price | 0 | 0 | 1,600 | $741 | - |
A 1512 W 5th Active 0 bd · 0 ba · 1,600 sqft · $750 · 0.0 mi | $1,200,000 List Price | 0 | 0 | 1,600 | $750 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive renovation within the last 5 years, featuring brand-new modern kitchens and bathrooms, a new roof, upgraded electrical systems, and newly installed HVAC units, placing it in mint, turnkey condition.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Renovations
The property features extensive recent upgrades including a new roof, electrical system, and modern interior finishes, significantly reducing immediate capital expenditure for investors.
- Exceptional Parking Ratio
With eight dedicated parking spots for a fourplex, the property is significantly overparked for the area, providing a major competitive advantage in the local rental market.
- Financing Flexibility
The ability to deliver one unit vacant makes this an ideal opportunity for owner-user buyers looking to utilize residential financing while benefiting from stabilized rental income.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6215.
- Recently Sold Property
The property was recently sold within the past year on 2026-01-02. The sold price is $745,000.00.
- Limited Unit Square Footage
At approximately 400 square feet per unit, the living spaces are relatively small, which may limit the tenant pool and long-term occupancy for larger households.
About 1516 W 5th
Located in the heart of Santa Ana, this single-story fourplex represents a fully stabilized, turnkey investment designed for low-expense operations. Thorough property updates include a brand-new roof, an upgraded electrical system, energy-efficient dual-pane vinyl windows, and full termite clearance. Inside, residents enjoy brand-new modern kitchens and bathrooms, pristine new flooring, and newly installed AC and heating units for year-round comfort. Externally, the property boasts major aesthetic curb appeal alongside a freshly paved parking lot that provides eight dedicated spots—rendering it exceptionally overparked for a fourplex. Perfect for owner-occupied financing, one unit can be delivered vacant at closing, while the remaining units are leased to qualified residents commanding strong market rents. Situated just minutes from Downtown Santa Ana, Santa Ana College, the Civic Center, and major freeway corridors, this property offers unbeatable access to key local points of interest. Please contact agent to inquire about purchasing the ADJACENT fourplex.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1951
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Ana Unified Schools
Fremont Elementary School
Grades K-5 • 0.5 mi
3/10
Lydia Romero-Cruz Elementary School
Grades K-5 • 0.9 mi
3/10
Riverdale Elementary School
Grades K-6 • 1.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.1 |
| Square foot | 1,600 | 2,241.667 |
| Lot Size | 6,098 | 23,123.25 |
| Price | $1.18M | $972.9K |
| Price per sq ft | $738 | $457 |
| Built year | 1951 | 1957 |
| HOA | $0 | $438 |
| Days on market | 18 | 79 |
Pricing History
Listed for Sale
Oct 7, 2026
$1,180,000
Initial Listing
Sold
Jan 2, 2026
$745,000
Public Record