1609 N Parsons Place, Santa Ana, California 92703, Santa Ana, 92703 - bed, bath
1609 N Parsons Place
Santa Ana, California 92703
Property Price
SUMMARY
Analysis of 1609 N Parsons Place, Santa Ana, California 92703 reveals a Fairly Priced Property with a current list price of $1,500,000 aligned with the estimated $1,473,982 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1609 N Parsons Place Subject | $1,500,000* List Price | 3,400 | $434 | - | ||
A 812 N Euclid Sold | $1,067,000 | 6 | 3 | 2,457 | $434 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property was built in 1950, making it 74 years old. The exterior photos show an aged and utilitarian appearance with no visible signs of recent major renovations. The description mentions 'many rooms already built by the owners,' which, without permits or professional oversight, often leads to substandard work and potential code issues. Crucially, there are no interior images provided, especially for the kitchen and bathrooms. This absence, combined with the property's age and the likelihood of outdated systems (electrical, plumbing, HVAC), strongly suggests that these key areas are in poor condition, requiring substantial repairs and rehabilitation to meet modern standards and safety requirements. The property's value is likely tied more to its large lot and income potential than its current structural or aesthetic condition.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Location & Convenience
The property boasts a highly convenient location, offering walkability to shopping centers and Hue Quang Temple, 2-minute drive to Thanh Long supermarket, 5-minute drive to Santa Ana Community College, and easy access to Freeway 22.
- Significant Income/Investment Potential
Explicitly marketed as a 'Great income property' with 'many rooms already built by the owners,' indicating strong potential for rental income or multi-generational living, especially within the Little Saigon community.
- Expansive Living Area
With 3400 square feet, the property offers a substantial amount of living space, providing flexibility for various family configurations or investment strategies.
CONSRISKS & DEFICIENCIES
- Advanced Age of Property
Built in 1950, the property is over 70 years old, which may suggest outdated systems (plumbing, electrical, HVAC) and could necessitate significant renovation or maintenance costs for a new owner.
- High Price Point
The $1,500,000 list price is substantial for a property of this age and location, potentially limiting the buyer pool and requiring strong justification through condition, upgrades, or proven income potential.
- Unverified Owner-Built Additions
The description mentions 'many rooms already built by the owners,' which, if unpermitted or not up to code, could lead to legal complications, costly remediation, or challenges with financing and insurance.
About 1609 N Parsons Place
A single house with many rooms already built by the owners. The house is located near the shopping center where the owner could walk to Hue Quang Temple, near Freeway 22, 5 minutes driving to Santa Ana Community College, and 2 minutes to Thanh Long supermarket. Great income property for sale now, a good place to live or to invest in near the Little Saigon community.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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
Rosita Elementary School
Grades K-6 • 0.5 mi
R. F. Hazard Elementary School
Grades K-6 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 5% |
| Baths | - | 2.0 | 3% |
| Square foot | 3,400 | 1,285 | 97% |
| Lot Size | 7,841 | 6,480 | 90% |
| Price | $1.50M | $815.0K | 97% |
| Price per sq ft | $441 | $631 | 13% |
| Built year | 1950 | 1952 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 456 | 172 | 95% |
Pricing History
Listed for Sale
Dec 6, 2024
$1,500,000
Initial Listing