1714 Evergreen Street, Santa Ana, California 92707, Santa Ana, 92707 - bed, bath
ACTIVE$1,499,990
1714 Evergreen Street, Santa Ana, California 92707
0Bed
0Bath
3,300Sqft
7,405Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Cap Rate: The property offers a strong investment opportunity with a stated capitalization rate of over 6.5%, indicating robust potential for long-term income.
Top Cons:
Delayed Utility Cost Transfer: While tenants are slated to pay utilities, this benefit does not take effect until January 1st, 2026, meaning the buyer will bear these costs for an initial period.
Compared to the nearby listings
Price:$1.50M vs avg $1.13M (+$369,990)67%
Size:3,300 sqft vs avg 2,625 sqft53%
Price/sqft:$455 vs avg $43473%
More Insights
Built in 1961 (64 years old).
Condition: Built in 1961, this property is aged. While it benefits from recent exterior updates like a new roof and waterproof decking, the interior images reveal dated elements such as older light fixtures and basic laminate flooring. The listing explicitly states that only one of the four units 'will be total remodeled with modern style,' indicating the other units likely have original or significantly outdated kitchens and bathrooms. The presence of window AC units suggests a lack of central cooling. The property is functional but requires substantial interior updates to meet current quality and style standards.
Year Built
1961
Close
-
List price
$1.5M
Original List price
$1.29M
Price/Sqft
$455
HOA
-
Days on market
-
Sold On
-
MLS number
PW25184802
Home ConditionFair
Features
Patio
View-
About this home
Greate opportunity for long term income with more than 6.5% Cap Rate. Plus, TENANTS PAY TRASH, WATER, ELECTRICITY, and GAS. These all be effective by Jan 1st, 2026. Unit #4 Will be total 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 on fence. Enclosed garage with 4 parking spaces. Easy access to 55 and 5.
Nearby schools
2/10
Thomas A. Edison Elementary School
Public,•K-5•0.5mi
2/10
Julia C. Lathrop Intermediate School
Public,•6-8•0.9mi
3/10
Century High School
Public,•9-12•0.6mi
Condition Rating
Fair
Built in 1961, this property is aged. While it benefits from recent exterior updates like a new roof and waterproof decking, the interior images reveal dated elements such as older light fixtures and basic laminate flooring. The listing explicitly states that only one of the four units 'will be total remodeled with modern style,' indicating the other units likely have original or significantly outdated kitchens and bathrooms. The presence of window AC units suggests a lack of central cooling. The property is functional but requires substantial interior updates to meet current quality and style standards.
Pros & Cons
Pros
High Cap Rate: The property offers a strong investment opportunity with a stated capitalization rate of over 6.5%, indicating robust potential for long-term income.
Tenant-Paid Utilities: A significant advantage for investors, as tenants will be responsible for trash, water, electricity, and gas costs starting January 1st, 2026, substantially reducing landlord operating expenses.
Recent Capital Improvements: Key components such as the roof, waterproof decking, and fence have been recently updated, minimizing immediate capital expenditure for a new owner.
Quadruplex with Identical Units: The property is a four-plex with all units featuring an identical 2-bedroom, 1-bathroom layout, simplifying property management and maintenance.
Ample Parking: The inclusion of an enclosed garage with four dedicated parking spaces provides a valuable amenity for tenants, enhancing desirability and convenience.
Cons
Delayed Utility Cost Transfer: While tenants are slated to pay utilities, this benefit does not take effect until January 1st, 2026, meaning the buyer will bear these costs for an initial period.
Significant Price Increase: The current list price represents a substantial increase from the original listing price, which may warrant scrutiny and could be perceived as an aggressive valuation.
Unusual Listing Dates: The 'on-market date' and 'modified timestamp' are listed in the future (2025), which is highly irregular and could indicate a data error or an unconventional listing strategy, potentially causing confusion.