1714 Evergreen Street, Santa Ana, California 92707, Santa Ana, 92707 - 0 bed, 0 bath
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Santa Ana, California 92707
This Income-Producing Quadruplex represents a High-Potential Investment Opportunity listed at $1,499,000—positioned below the $1,526,126 Fair Market Value by 1%. This valuation gap provides $27,126 in Instant Equity for the incoming owner. Featuring a Condition Rating of 3, the asset includes a new roof, waterproof decking, and two fully remodeled units. Operational efficiency is maximized as tenants pay all utilities, including water, gas, and electricity. This stabilized asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hack.
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 | $462 | - |
A 1911 Cypress Sold | $1,185,000 | 0 | 0 | 2,887 | $410 | 0.5 mi |
B 1911 Cypress Sold | $1,185,000 | 7 | 3 | 2,887 | $410 | 0.5 mi |
C 1405 S Broadway Active | $1,535,000 List Price | 0 | 0 | 3,272 | $469 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent capital improvements, including a new roof, new exterior paint, and new waterproof decking. While the structure dates to 1961, 50% of the units (Units #2 and #4) have been fully remodeled with modern kitchens featuring stainless steel appliances and shaker cabinets, updated bathrooms, and contemporary wood-look flooring. The overall maintenance and major system updates offset the age of the building.
Tenants are responsible for water, electricity, and gas, which significantly lowers the owner's operating expenses and maximizes net cash flow compared to typical multi-family investments.
The property features a new roof, new waterproof decking, and fresh paint, reducing the immediate need for major maintenance expenditures and enhancing curb appeal.
With two units already fully remodeled in a modern style, the property provides a proven rental premium while offering the opportunity to further increase equity by updating the remaining two units.
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 elementary, middle, and high schools all have low ratings (2-3 out of 10), which may limit the property's appeal to families and impact long-term appreciation.
Built in 1961, the property may have aging underlying systems such as plumbing or electrical that could require attention in the non-remodeled units.
Great opportunity for long term income. TENANTS PAY for WATER, ELECTRICITY, and GAS. 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. There is more parking in the space between the garage and the building. 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,300 | 2,887 | 55% |
| Lot Size | 7,405 | 6,534 | 64% |
| Price | $1.50M | $1.19M | 64% |
| Price per sq ft | $454 | $448 | 73% |
| Built year | 1961 | 1957 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 184 | 9% |
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