1609 N Parsons Pl, Santa Ana, California 92703, Santa Ana, 92703 - 11 bed, 8 bath
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1609 N Parsons Pl
Santa Ana, California 92703
ACTIVE
CONDITION: FAIR
11Beds
8Baths
3,400Sq Ft
7,841Lot Size
Property Price
LIST PRICE$1,350,000
SUMMARY
Analysis of 1609 N Parsons Pl, Santa Ana, California 92703 is currently available with a list price of $1,350,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Ana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1950, this property is over 70 years old. While the exterior shows some updates like newer windows and a clean driveway, the description focuses on rental income rather than recent interior renovations or system upgrades (HVAC/Electric). As a high-density 7-unit conversion of an older structure, the interiors and core systems are likely dated (>20 years), fitting the 'Fair' criteria for functional but aged investment property.
PROSSTRENGTHS & OPPORTUNITIES
- High Cash Flow Potential
The property generates over $9,700 in monthly rental income from seven units, providing an exceptional gross yield and immediate positive cash flow for investors.
- Strategic Rental Location
Located minutes from Little Saigon, Disneyland Resort, and major employment centers, the property sits in a high-demand area ensuring low vacancy rates and consistent tenant interest.
- Diversified Income Stream
With seven separate residential units, the investment risk is spread across multiple tenancies, offering greater income stability than traditional single-family rentals.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 7695. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3400, other record living area = 1230. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 10, other record bedroom count = 3.
- Zoning and Use Complexity
The property is classified as a Single Family Residence despite containing seven units, which may create significant hurdles for traditional financing and local building code compliance.
- Aging Infrastructure
Originally constructed in 1950, the property likely requires higher maintenance reserves and capital expenditures to address aging systems and structural components.
About 1609 N Parsons Pl
Rare Orange County investment opportunity featuring 7 separate residential units with approximately $9,650/month in current rental income and strong long term income potential. Located in Santa Ana near the highly desirable Little Saigon community, this unique income producing property offers investors the opportunity to acquire a diversified rental asset in one of Southern California's strongest rental markets. Property highlights include: • 7 separate residential units • 11 bedrooms and 8 bathrooms • Approximately $9,650/month current rental income • Over $115,000 annual gross rental income • Large 7,840+ sq ft lot • Multiple parking spaces • Established rental history • Strong tenant demand area. The property provides an excellent opportunity for investors looking for immediate rental income, portfolio expansion, and long term appreciation in Orange County. Conveniently located near Little Saigon, Westminster, Garden Grove, Anaheim, Downtown Santa Ana, shopping centers, restaurants, employment hubs, schools, churches, temples, and major freeways. Whether you are an experienced investor seeking additional cash flow or looking to acquire a valuable Orange County income producing asset, this rare 7 unit property presents an exceptional opportunity. Schedule your private tour today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 11
- Total Bathrooms
- 8 (8 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Ana Unified Schools
Woodbury Elementary School
Grades K-6 • 0.3 mi
5/10
Rosita Elementary School
Grades K-6 • 0.5 mi
6/10
R. F. Hazard Elementary School
Grades K-6 • 0.6 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 11.0 | 3.0 |
| Baths | 8.0 | 2.0 |
| Square foot | 3,400 | 1,531.136 |
| Lot Size | 7,841 | 6,702.356 |
| Price | $1.35M | $1.07M |
| Price per sq ft | $397 | $690 |
| Built year | 1950 | 1958 |
| HOA | $0 | $236 |
| Days on market | 47 | 51 |
Pricing History
Listed for Sale
Jul 24, 2026
$1,350,000
Initial Listing
Sold
May 28, 2024
$790,000
Public Record
Sold
Jan 4, 2022
$750,000
Public Record
Sold
Aug 28, 2019
$750,000
Public Record