1533 S Greenville, Santa Ana, California 92704, Santa Ana, 92704 - 2 bed, 1 bath
ACTIVE$650,000
1533 S Greenville, Santa Ana, California 92704
2Beds
1Bath
980Sqft
6,534Lot
Price Vs. Estimate
The estimated value ($674,348.725) is $24,348.725 (3%) higher than the list price ($650,000). This property may be underpriced.
Key pros and cons
Top Pros:
ADU Potential & Investment Opportunity: The substantial 6,534 sqft lot explicitly offers clear Accessory Dwelling Unit (ADU) potential, making it an attractive investment for maximizing rental income or multi-generational living.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6534, other record lot size in square feet = 6192.
Compared to the nearby listings
Price:$650.0K vs avg $930.0K ($-280,000)5%
Size:980 sqft vs avg 1,490 sqft3%
Price/sqft:$663 vs avg $64458%
More Insights
Built in 1925 (100 years old).
Condition: Built in 1925, this property is nearly a century old and the listing explicitly states it 'requires significant (TLC)' and is 'priced accordingly for a transformative renovation.' It has served as a rental for 20 years, often indicating deferred maintenance. The exterior image shows an aged home with visible wear and lack of recent upkeep. Without interior photos, and given the strong language in the description, it's clear the property needs substantial repairs and rehabilitation, aligning with the 'poor' condition criteria. Major systems and components are likely outdated and require significant investment.
Year Built
1925
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$663
HOA
-
Days on market
-
Sold On
-
MLS number
PW25276443
Home ConditionPoor
Features
View-
About this home
Welcome to 1533 Greenville St Santa Ana CA a true investment opportunity. This 2-bedroom, 1-bathroom home sits on a substantial 6,192 sqft lot. This property has served as a rental for the past 20 years and requires significant (TLC). It is priced accordingly for a transformative renovation. The expansive lot offers clear ADU potential, ideal for maximizing rental income or building a multi-generational estate. Enjoy unparalleled convenience, situated moments from major shopping, schools, and community parks. Sold strictly as-is.
Condition Rating
Poor
Built in 1925, this property is nearly a century old and the listing explicitly states it 'requires significant (TLC)' and is 'priced accordingly for a transformative renovation.' It has served as a rental for 20 years, often indicating deferred maintenance. The exterior image shows an aged home with visible wear and lack of recent upkeep. Without interior photos, and given the strong language in the description, it's clear the property needs substantial repairs and rehabilitation, aligning with the 'poor' condition criteria. Major systems and components are likely outdated and require significant investment.
Pros & Cons
Pros
ADU Potential & Investment Opportunity: The substantial 6,534 sqft lot explicitly offers clear Accessory Dwelling Unit (ADU) potential, making it an attractive investment for maximizing rental income or multi-generational living.
Strategic Location: Situated moments from major shopping, schools, and community parks, providing unparalleled convenience for residents.
Substantial Lot Size: A generous 6,534 sqft lot provides ample space for expansion, landscaping, or the addition of an ADU.
Value-Add Opportunity: Explicitly priced for a transformative renovation, offering significant upside potential for investors or owner-occupants willing to undertake improvements.
Established Rental History: The property has a 20-year history as a rental, indicating proven income potential for future investors.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6534, other record lot size in square feet = 6192.
Extensive Renovation Required: The property 'requires significant (TLC)' and is sold 'strictly as-is,' indicating substantial renovation costs and effort for the buyer.
Advanced Age of Property: Built in 1925, the home is nearly a century old, suggesting potential for outdated systems, structural concerns, and higher maintenance needs.
Limited Living Space: With only 980 sqft, the 2-bedroom, 1-bathroom layout offers limited living space, which may not appeal to all buyer demographics, particularly larger families.