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2005 W 11th, Santa Ana, California 92703, Santa Ana, 92703 - 3 bed, 2 bath

2005 W 11th, Santa Ana, California 92703 home-pic-0
ACTIVE$899,000$1,112/sqft
Est. Value: $835,519
-7%
AboveEstimate
2005 W 11th, Santa Ana, California 92703
3Beds
2Baths
1,112Sqft
6,720Lot

Price Vs. Estimate

The estimated value ($835,519.26) is $63,480.74 (7%) lower than the list price ($899,000). This property may be overpriced.

Key pros and cons

Top Pros:
Significant Income & Investment Potential: The property includes pre-approved permits for an Accessory Dwelling Unit (ADU) and Junior ADU (JADU), offering substantial future income generation and value appreciation. The main home is already rented for $3,200/month, providing immediate cash flow.
Top Cons:
Property Age & Potential System Updates: Built in 1954, the main residence may have original systems (electrical, plumbing, HVAC) that could require future upgrades or maintenance, representing potential unforeseen costs for a buyer.

Compared to the nearby listings

Price:$899.0K vs avg $835.0K (+$64,000)67%
Size:1,112 sqft vs avg 1,217 sqft31%
Price/sqft:$808 vs avg $67381%

More Insights

Built in 1954 (72 years old).
Condition: Built in 1954, the property shows signs of regular maintenance and some updates, making it move-in ready. However, the kitchen features dated track lighting and finishes that, while functional, are not contemporary. The bathrooms also exhibit older, traditional styles in vanities and mirrors. While livable, these areas and some flooring choices suggest updates that are likely 10-20+ years old, aligning with the 'Fair' category's description of functional but outdated components requiring minor aesthetic updates.
Year Built
1954
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$808
HOA
-
Days on market
-
Sold On
-
MLS number
OC26001454
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Welcome to 2005 W 11th Street, a beautifully maintained residence located in the heart of Santa Ana. This inviting home offers three bedrooms and two bathrooms, along with a spacious enclosed patio/bonus room, all within an approximately 1,112-square-foot floor plan. An attached two-car garage adds convenience, functionality, and additional storage. Situated on a generous 6,720-square-foot lot, the property features a large backyard ideal for entertaining, gardening, or future expansion. The seller currently holds permits to add two additional units, creating a rare and valuable opportunity for both homeowners and investors: Accessory Dwelling Unit (ADU): 748 square feet, featuring two bedrooms, two bathrooms, a full kitchen, breakfast nook, and living room. Junior ADU (JADU): 473 square feet, offering two bedrooms, one bathroom, a boutique kitchen, and a cozy living area. The main home is currently rented for $3,200 per month, allowing the new owner to collect immediate rental income while pulling permits and throughout the construction process. The expansive driveway and attached garage provide ample parking and storage. Located in a quiet, friendly neighborhood, this home is conveniently close to shopping, dining, parks, and recreation. It is situated within the Santa Ana Unified School District and is within walking distance to Santa Ana College. Easy access to the I-5, 22, and 55 freeways makes commuting simple and efficient. With rising property values in Santa Ana, this property represents an outstanding opportunity to enjoy comfortable living while capitalizing on future growth and income potential. Don’t miss this move-in-ready gem in a desirable location. Schedule a private showing today and make 2005 W 11th Street yours.

J
Jason Ma
Listing Agent

Nearby schools

3/10
Fremont Elementary School
Public,•K-5•0.1mi
3/10
Lydia Romero-Cruz Elementary School
Public,•K-5•0.5mi
5/10
Riverdale Elementary School
Public,•K-6•1.1mi
4/10
George Washington Carver Elementary School
Public,•K-3•1.6mi
2/10
Spurgeon Intermediate School
Public,•5-8•0.6mi
5/10
Leroy L. Doig Intermediate School
Public,•7-8•1.0mi
7/10
Santiago High School
Public,•9-12•1.3mi
4/10
Valley High School
Public,•9-12•2.1mi

Price History

Date
Event
Price
05/30/19
Sold
$400,000
Condition Rating
Fair
Built in 1954, the property shows signs of regular maintenance and some updates, making it move-in ready. However, the kitchen features dated track lighting and finishes that, while functional, are not contemporary. The bathrooms also exhibit older, traditional styles in vanities and mirrors. While livable, these areas and some flooring choices suggest updates that are likely 10-20+ years old, aligning with the 'Fair' category's description of functional but outdated components requiring minor aesthetic updates.
Pros & Cons

Pros

Significant Income & Investment Potential: The property includes pre-approved permits for an Accessory Dwelling Unit (ADU) and Junior ADU (JADU), offering substantial future income generation and value appreciation. The main home is already rented for $3,200/month, providing immediate cash flow.
Strategic Location & Connectivity: Situated in a quiet, friendly neighborhood, the property offers excellent proximity to shopping, dining, parks, Santa Ana College, and major freeways (I-5, 22, 55), enhancing its appeal for residents and tenants.
Expansive Lot for Development: A generous 6,720-square-foot lot provides ample space for the existing home, the planned ADU/JADU construction, and a large backyard, maximizing the property's development and recreational potential.
Well-Maintained & Ready for Occupancy: Described as a 'beautifully maintained residence' and 'move-in ready gem,' the main home suggests minimal immediate renovation needs for a new owner or existing tenant.
Strong Market Appreciation: Located in Santa Ana, an area experiencing rising property values, this asset is positioned for continued capital growth, enhancing its appeal to long-term investors.

Cons

Property Age & Potential System Updates: Built in 1954, the main residence may have original systems (electrical, plumbing, HVAC) that could require future upgrades or maintenance, representing potential unforeseen costs for a buyer.
Construction Oversight for ADUs: While permitted, the development of the ADU and JADU will necessitate the buyer's active management of the construction process, including time commitment and additional capital outlay beyond the purchase price.
Modest Main Home Square Footage: The 1,112 sqft main residence, even with an enclosed patio/bonus room, offers a relatively compact living space for a 3-bedroom home, which might be a consideration for some buyers seeking larger primary residences.
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