1704 W 2nd Street, Santa Ana, California 92703, Santa Ana, 92703 - bed, 1 bath

1704 W 2nd Street, Santa Ana, California 92703 home-pic-0
ACTIVE$599,000
1704 W 2nd Street, Santa Ana, California 92703
0Bed
1Bath
400Sqft
4,792Lot
Year Built
1947
Close
-
List price
$599K
Original List price
$699K
Price/Sqft
$1,498
HOA
-
Days on market
-
Sold On
-
MLS number
PW24104538
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $599.0K(9th), sqft - 400(5th), beds - undefined(5th), baths - 1(30th).

Opportunity knocks at 1704 W 2nd St, Santa Ana! Welcome to a unique property that’s brimming with potential and character. Zoned R2 but currently approved for commercial use, this gem is a rare find. Nestled in a historic part of Santa Ana, this 3rd generation barbershop is a local icon, ready for its next chapter. With R2 zoning, you have the flexibility to develop an additional residential unit, expanding your investment portfolio. Currently a barbershop, this property is ideal for continuing its legacy or transforming it into a new business venture. With 75 years of history, this property carries a story and community connection that’s priceless. The ample outdoor space provides plenty of room for parking, expansions, or even creating a cozy outdoor seating area for a service business. The interior boasts a well-lit, functional space that’s perfect for business operations. Featuring traditional barber chairs and a welcoming waiting area, this setup is ready to go or can be easily adapted to your vision. It includes a small restroom and storage area, making it convenient for both customers and staff. Imagine the possibilities! Whether you’re an entrepreneur looking to continue the barbershop tradition or a developer eager to add a residential unit, this property offers a canvas limited only by your imagination. Seize the chance to own a piece of Santa Ana history while capitalizing on its future potential. Don’t miss out on this one-of-a-kind opportunity at 1704 W 2nd St – where past, present, and future converge!

Condition Rating
Poor

Built in 1947, this 77-year-old property is currently configured as a very basic, utilitarian barbershop. There is no residential kitchen, only a utility sink area, and a small, likely dated, restroom. The interior features worn flooring, basic fluorescent lighting, and shows significant signs of age and lack of modern updates. While functional for its current commercial use, it would require substantial repairs, rehabilitation, and extensive renovation to meet modern residential standards or to be adapted for a contemporary commercial venture. The property's age and condition suggest outdated systems and deferred maintenance.
Pros & Cons

Pros

Flexible Zoning & Dual Use: Zoned R2 but currently approved for commercial use, this property offers unique versatility for continued business operation or the development of an additional residential unit.
Development & Investment Potential: The R2 zoning explicitly allows for the addition of a residential unit, providing a clear opportunity to expand the investment portfolio and maximize property value.
Historic & Community Value: As a 75-year-old, 3rd-generation barbershop, the property holds significant local iconic status and a strong community connection, offering a unique legacy.
Ample Lot Size for Expansion: The generous 4,792 sqft lot provides substantial outdoor space, ideal for additional parking, future building expansions, or creating outdoor amenities for a service business.
Turnkey Commercial Setup: The interior is described as a well-lit, functional space, currently equipped as a barbershop, making it ready for immediate business operations or easy adaptation to other ventures.

Cons

Small Existing Structure: The current building is only 400 sqft, which is very compact and limits its immediate utility for larger commercial operations or comfortable residential living without significant expansion.
Age of Property: Built in 1947, the property is 77 years old, suggesting potential for deferred maintenance, outdated systems, or the need for substantial renovations to meet modern standards or new usage requirements.
Potential Overpricing: The current listing price of $599,000 is 6% higher than the estimated property value of $559,302.45, which may indicate it's priced at the higher end of market expectations.

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