1609 N Parsons Place, Santa Ana, California 92703, Santa Ana, 92703 - bed, bath

1609 N Parsons Place, Santa Ana, California 92703 home-pic-0
ACTIVE$1,500,000
1609 N Parsons Place, Santa Ana, California 92703
0Bed
0Bath
3,400Sqft
7,841Lot
Year Built
1950
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$441
HOA
-
Days on market
-
Sold On
-
MLS number
OC24243654
Home ConditionPoor
Features
Good View: City Lights, Neighborhood, Peek-A-Boo
ViewCity Lights,Neighborhood,Peek-A-Boo

About this home

Possibly Over-Priced:The estimated price is 57% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.50M(98th), sqft - 3400(98th), beds - undefined(5th), baths - undefined(2th).

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.

Nearby schools

5/10
Woodbury Elementary School
Public,K-60.3mi
6/10
Rosita Elementary School
Public,K-60.5mi
8/10
R. F. Hazard Elementary School
Public,K-60.6mi
8/10
Morningside Elementary School
Public,K-60.8mi
4/10
Heritage Elementary School
Public,PK-61.3mi
5/10
Newhope Elementary School
Public,K-61.8mi
5/10
Linton T. Simmons Elementary School
Public,K-62.6mi
5/10
Mamie L. Northcutt Elementary School
Public,K-62.8mi
7/10
James Irvine Intermediate School
Public,7-80.9mi
4/10
Stephen R. Fitz Intermediate School
Public,7-81.4mi
7/10
Santiago High School
Public,9-121.1mi
8/10
Bolsa Grande High School
Public,9-121.8mi
5/10
Los Amigos High School
Public,9-122.5mi
Condition Rating
Poor

Built in 1950, this property is significantly outdated. The kitchen features old laminate countertops, dated wood cabinets, and basic, likely original appliances, along with an old fluorescent light fixture. The bathroom is equally outdated with an old vanity, basic fixtures, and older tile. The general interior shows older carpets and basic lighting, indicating no major renovations in many decades. The description mentioning 'many rooms already built by the owners' suggests potential unpermitted additions or substandard modifications, which could lead to significant structural or system issues. The property requires substantial repairs and rehabilitation, especially in the kitchen and bathrooms, to meet modern living standards.
Pros & Cons

Pros

Income Property Potential: The property is explicitly marketed as a 'Great income property' with 'many rooms already built by the owners,' suggesting potential for rental income or multi-generational living.
Prime Location & Accessibility: Strategically located near a shopping center, Hue Quang Temple, Freeway 22, Santa Ana Community College, and Thanh Long supermarket, offering exceptional convenience and connectivity.
Generous Square Footage: With 3400 sqft, the house offers substantial living space, providing flexibility for various layouts or accommodating a large family.
Large Lot Size: The property sits on a sizable 7841 sqft lot, offering ample outdoor space for landscaping, recreation, or potential future expansion.
Proximity to Cultural Hub: Its location near the vibrant Little Saigon community enhances its appeal to a specific demographic and offers unique cultural amenities.

Cons

Significant Overpricing: The listing price of $1,500,000 is substantially higher than the estimated property value of approximately $633,880, indicating a significant valuation discrepancy that may deter potential buyers.
Age of Property & Condition: Built in 1950, the property is over 70 years old, suggesting it may require extensive updates to plumbing, electrical, roofing, and other systems to meet modern standards and preferences.
Ambiguous Room Modifications: The description 'many rooms already built by the owners' is vague and could imply unpermitted additions or modifications, potentially leading to inspection, permitting, or structural issues.

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