
Santa Ana, California 92707
This four-plex represents a High-Potential Investment Opportunity, listed at a List Price of $1,499,000, which aligns with the $1,499,000 Fair Market Value. Featuring a Condition Rating of 3, the property offers significant stability through recent capital improvements, including a new roof and waterproof decking. With tenants covering all utilities and a rare 2:1 parking ratio, this Residential Income asset is optimized for cash flow. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a low-maintenance, income-generating property in Santa Ana.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1714 Evergreen Street Subject | $1,499,000* List Price | 0 | 0 | 3,300 | $454 | - |
A 1911 Cypress Sold | $1,185,000 | 7 | 3 | 2,887 | $410 | 0.5 mi |
B 1911 Cypress Sold | $1,185,000 | 0 | 0 | 2,887 | $410 | 0.5 mi |
C 2114 Orange Sold | $1,155,000 | 0 | 0 | 2,400 | $481 | 0.6 mi |
D 2114 Orange Avenue Sold | $1,155,000 | 6 | 3 | 2,400 | $481 | 0.6 mi |
E 1621 Cedar Active | $1,250,000 List Price | 0 | 0 | 3,279 | $381 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1961, the property is well-maintained with significant recent capital improvements including a new roof, new exterior paint, and new waterproof decking. Interior photos of the remodeled units show modern wood-look flooring, updated white cabinetry, and newer appliances, indicating a renovation within the last 5-10 years for at least half the building.
Tenants are responsible for all utilities including water, electricity, and gas, which significantly reduces the owner's monthly operating costs and maximizes net operating income.
The property features a new roof, new waterproof decking, and fresh paint, minimizing immediate deferred maintenance and capital expenditure requirements for the new investor.
With 8 total parking spaces (4 garage and 4 open), the property provides a 2:1 parking ratio per unit, a highly desirable and rare feature in the Santa Ana rental market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7201.
The assigned public schools have low ratings (ranging from 2 to 3), which may limit the property's appeal to families and impact long-term appreciation potential.
Having been on the market for 115 days, the listing may be perceived as stale or overpriced, potentially indicating a need for price adjustment to attract competitive offers.
Great opportunity for long term income. TENANTS PAY for WATER, ELECTRICITY, and GAS. All Units are occupied. Unit #4 and #2 is remodeled with modern style. This single building structure four-plex offers 2 units up and 2 units down, all unites are identical structure. Each unit comes with 2-Bedroom, 1-Bathroom. Property has new roof, new waterproof decking, new paint. Enclosed garage with 4 parking spaces plus 4 open parking spaces. So each unite come with 2 car parking spaces (1 in garage and 1 open space). Easy access to 55 and 5.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.1 |
| Square foot | 3,300 | 1,895.889 |
| Lot Size | 7,405 | 28,507.667 |
| Price | $1.50M | $911.2K |
| Price per sq ft | $454 | $477 |
| Built year | 1961 | 1956 |
| HOA | $0 | $438 |
| Days on market | 153 | 83 |
Apr 9, 2026
$1,499,000
Initial Listing
Jun 21, 2011
$462,500
Public Record
Feb 22, 2011
$360,000
Public Record
Aug 12, 2005
$830,000
Public Record
May 8, 2002
$325,000
Public Record